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2006 ISD Summary Worksheet

140/Lamb
140-907/Springlake-Earth ISD

Category Local Tax Roll Value 2006 WTD Mean Ratio 2006 PTD Value Estimate 2006 Value Assigned
A. Single-Family Residences 13,138,582 .9350 14,051,959 13,138,582
B. Multi-Family Residences 15,440 N/A 15,440 15,440
C. Vacant Lots 251,110 N/A 251,110 251,110
D. Rural Real(Taxable) 25,554,397 .8662 29,503,310 25,554,397
F1. Commercial Real 2,375,620 N/A 2,375,620 2,375,620
F2. Industrial Real 4,406,970 N/A 4,406,970 4,406,970
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 6,291,930 .8792 7,156,426 6,291,930
L1. Commercial Personal 2,108,710 N/A 2,108,710 2,108,710
L2. Industrial Personal 469,580 N/A 469,580 469,580
M. Other Personal 179,740 N/A 179,740 179,740
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 54,792,079 60,518,865 54,792,079
Less Total Deductions 6,968,265   7,291,656 6,968,265
Total Taxable Value 47,823,814 53,227,209 47,823,814 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 8,263,920 .9956 8,300,442
Prod Value Qualified Acres 17,290,477 .8155 21,202,868
Taxable Value 25,554,397   29,503,310

*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
51,211,133 3,387,319 47,823,814 0 51,211,133 47,823,814

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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