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2006 ISD Summary Worksheet

148/Lipscomb
148-902/Follett ISD

Category Local Tax Roll Value 2006 WTD Mean Ratio 2006 PTD Value Estimate 2006 Value Assigned
A. Single-Family Residences 6,284,959 N/A 6,284,959 6,284,959
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 70,682 N/A 70,682 70,682
D. Rural Real(Taxable) 15,814,718 .7756 20,390,935 15,814,718
F1. Commercial Real 930,510 N/A 930,510 930,510
F2. Industrial Real 336,349 N/A 336,349 336,349
G. Oil, Gas, Minerals 187,449,189 1.1471 163,411,376 187,449,189
J. Utilities 8,300,909 N/A 8,300,909 8,300,909
L1. Commercial Personal 1,849,829 N/A 1,849,829 1,849,829
L2. Industrial Personal 300,047 N/A 300,047 300,047
M. Other Personal 185,269 N/A 185,269 185,269
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 221,522,461 202,060,865 221,522,461
Less Total Deductions 3,677,547   3,677,547 3,677,547
Total Taxable Value 217,844,914 198,383,318 217,844,914 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 6,158,744 .8429 7,306,613
Prod Value Qualified Acres 9,655,974 .7380 13,084,322
Taxable Value 15,814,718   20,390,935

The taxable values shown here will not match the values reported by your appraisal district

NOTE: See the ISD Deduction Report for a breakdown of deduction values

SB4, Passed by the 1999 legislature, (Section 403.302(J) and (K), Government Code), requires the Comptroller to certify alternative measures of school district wealth (T1, T3, and T4) in addition to the traditional measure (T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the Division of State Funding at the Texas Education Agency, Telephone #512-463-9238.

T1 Loss To The Additional $10,000 Homestead Exemption T2 50% Of The Loss To The Local Optional Percentage Homestead Exemption T3 T4
219,405,556 1,560,642 217,844,914 0 219,405,556 217,844,914

T1 = School district taxable value before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value after the loss to the additional $10,000 homestead exemption

T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your taxable value to be invalid, but local value was certified because your local value is higher than the state value

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