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2006 ISD Summary Worksheet

148/Lipscomb
148-903/Higgins ISD

Category Local Tax Roll Value 2006 WTD Mean Ratio 2006 PTD Value Estimate 2006 Value Assigned
A. Single-Family Residences 4,972,954 N/A 4,972,954 4,972,954
B. Multi-Family Residences 36,736 N/A 36,736 36,736
C. Vacant Lots 167,174 N/A 167,174 167,174
D. Rural Real(Taxable) 9,632,861 .8573 11,235,684 9,632,861
F1. Commercial Real 1,387,183 N/A 1,387,183 1,387,183
F2. Industrial Real 99,118 N/A 99,118 99,118
G. Oil, Gas, Minerals 147,786,117 1.0974 134,669,325 147,786,117
J. Utilities 15,072,089 1.0091 14,936,170 15,072,089
L1. Commercial Personal 5,831,901 N/A 5,831,901 5,831,901
L2. Industrial Personal 28,710 N/A 28,710 28,710
M. Other Personal 20,915 N/A 20,915 20,915
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 185,035,758 173,385,870 185,035,758
Less Total Deductions 2,836,491   2,836,491 2,836,491
Total Taxable Value 182,199,267 170,549,379 182,199,267 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 3,666,111 .8632 4,247,117
Prod Value Qualified Acres 5,966,750 .8538 6,988,567
Taxable Value 9,632,861   11,235,684

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
183,491,213 1,291,946 182,199,267 0 183,491,213 182,199,267

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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