Texas Comptroller of Public Accounts

Texas Comptroller of Public Accounts, Glenn Hegar

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2006 ISD Summary Worksheet

168-902/Loraine ISD

Category Local Tax Roll Value 2006 WTD Mean Ratio 2006 PTD Value Estimate 2006 Value Assigned
A. Single-Family Residences 4,445,460 .8990 4,944,894 4,445,460
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 185,480 N/A 185,480 185,480
D. Rural Real(Taxable) 16,250,220 .9213 17,638,077 16,250,220
F1. Commercial Real 280,550 N/A 280,550 280,550
F2. Industrial Real 317,380 N/A 317,380 317,380
G. Oil, Gas, Minerals 526,030 N/A 526,030 526,030
J. Utilities 7,509,020 .9803 7,659,920 7,509,020
L1. Commercial Personal 673,560 N/A 673,560 673,560
L2. Industrial Personal 809,640 N/A 809,640 809,640
M. Other Personal 300,960 N/A 300,960 300,960
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 31,298,300 33,336,491 31,298,300
Less Total Deductions 4,682,480   5,060,268 4,682,480
Total Taxable Value 26,615,820 28,276,223 26,615,820 T2*

* This district is in year 1 of the grace period.

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 7,555,590 1.0107 7,475,601
Prod Value Qualified Acres 8,694,630 .8556 10,162,476
Taxable Value 16,250,220   17,638,077

*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
28,879,990 2,264,170 26,615,820 0 28,879,990 26,615,820

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 school district is in year one/two of a grace period.

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