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2006 ISD Summary Worksheet

152/Lubbock
152-907/Frenship ISD

Category Local Tax Roll Value 2006 WTD Mean Ratio 2006 PTD Value Estimate 2006 Value Assigned
A. Single-Family Residences 1,154,844,712 .9642 1,197,723,203 1,154,844,712
B. Multi-Family Residences 150,169,323 .8298 180,970,503 150,169,323
C. Vacant Lots 80,828,504 N/A 80,828,504 80,828,504
D. Rural Real(Taxable) 62,757,522 1.0968 57,217,409 62,757,522
F1. Commercial Real 236,426,825 .8925 264,904,006 236,426,825
F2. Industrial Real 5,243,806 N/A 5,243,806 5,243,806
G. Oil, Gas, Minerals 1,852,440 N/A 1,852,440 1,852,440
J. Utilities 28,785,094 N/A 28,785,094 28,785,094
L1. Commercial Personal 98,483,165 .9922 99,257,373 98,483,165
L2. Industrial Personal 16,282,144 N/A 16,282,144 16,282,144
M. Other Personal 8,271,732 N/A 8,271,732 8,271,732
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 22,091,452 N/A 22,091,452 22,091,452
S. Special Inventory 24,626,496 N/A 24,626,496 24,626,496
Subtotal 1,890,663,215 1,988,054,162 1,890,663,215
Less Total Deductions 151,630,722   156,657,696 151,630,722
Total Taxable Value 1,739,032,493 1,831,396,466 1,739,032,493 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 48,314,972 N/A 48,314,972
Prod Value Qualified Acres 14,442,550 1.6223 8,902,437
Taxable Value 62,757,522   57,217,409

*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
1,805,252,013 66,219,520 1,739,032,493 0 1,805,252,013 1,739,032,493

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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