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2006 ISD Summary Worksheet

093/Grimes
093-903/Iola ISD

Category Local Tax Roll Value 2006 WTD Mean Ratio 2006 PTD Value Estimate 2006 Value Assigned
A. Single-Family Residences 13,674,860 .9557 14,308,737 13,674,860
B. Multi-Family Residences 70,000 N/A 70,000 70,000
C. Vacant Lots 1,402,740 N/A 1,402,740 1,402,740
D. Rural Real(Taxable) 53,027,254 .9774 54,253,163 53,027,254
F1. Commercial Real 1,098,860 N/A 1,098,860 1,098,860
F2. Industrial Real 117,930 N/A 117,930 117,930
G. Oil, Gas, Minerals 10,978,507 .9797 11,205,989 10,978,507
J. Utilities 21,094,630 1.0547 20,000,597 21,094,630
L1. Commercial Personal 837,714 N/A 837,714 837,714
L2. Industrial Personal 3,242,227 N/A 3,242,227 3,242,227
M. Other Personal 3,759,530 N/A 3,759,530 3,759,530
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 109,304,252 110,297,487 109,304,252
Less Total Deductions 15,882,389   16,538,071 15,882,389
Total Taxable Value 93,421,863 93,759,416 93,421,863 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 48,528,454 .9729 49,880,208
Prod Value Qualified Acres 4,498,800 1.0288 4,372,955
Taxable Value 53,027,254   54,253,163

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), Tax 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
99,222,163 5,800,300 93,421,863 0 99,222,163 93,421,863

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 valid, and local value was certified.

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