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2006 ISD Summary Worksheet

140/Lamb
140-905/Olton ISD

Category Local Tax Roll Value 2006 WTD Mean Ratio 2006 PTD Value Estimate 2006 Value Assigned
A. Single-Family Residences 23,066,500 .9522 24,224,428 24,224,428
B. Multi-Family Residences 100,850 N/A 100,850 100,850
C. Vacant Lots 337,450 N/A 337,450 337,450
D. Rural Real(Taxable) 30,661,773 .8491 36,109,395 36,109,395
F1. Commercial Real 4,311,570 .9936 4,339,342 4,339,342
F2. Industrial Real 6,232,350 N/A 6,232,350 6,232,350
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 7,711,580 1.1198 6,886,569 6,886,569
L1. Commercial Personal 6,095,950 .9993 6,100,220 6,100,220
L2. Industrial Personal 1,603,840 N/A 1,603,840 1,603,840
M. Other Personal 392,140 N/A 392,140 392,140
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 578,080 N/A 578,080 578,080
Subtotal 81,092,083 86,904,664 86,904,664
Less Total Deductions 10,914,082   11,323,222 11,323,222
Total Taxable Value 70,178,001 75,581,442 75,581,442 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 9,417,399 .9333 10,090,431
Prod Value Qualified Acres 21,244,374 .8165 26,018,964
Taxable Value 30,661,773   36,109,395

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
80,433,056 4,851,614 75,581,442 0 80,433,056 75,581,442

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, and state value was certified because your local value: 1) was invalid in one or more of the previous two years or 2) is less than 90% of the lower end of the margin of error range.

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