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2007 ISD Summary Worksheet

037/Cherokee
037-908/New Summerfield ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 11,187,880 1.0285 10,877,861 11,187,880
B. Multi-Family Residences 4,700 N/A 4,700 4,700
C. Vacant Lots 451,890 N/A 451,890 451,890
D. Rural Real(Taxable) 20,287,820 .9291 21,836,262 20,287,820
F1. Commercial Real 2,232,780 1.0453 2,136,018 2,232,780
F2. Industrial Real 4,648,440 N/A 4,648,440 4,648,440
G. Oil, Gas, Minerals 50,880 N/A 50,880 50,880
J. Utilities 3,589,650 1.0087 3,558,689 3,589,650
L1. Commercial Personal 1,527,170 .9428 1,619,824 1,527,170
L2. Industrial Personal 1,209,130 N/A 1,209,130 1,209,130
M. Other Personal 609,120 N/A 609,120 609,120
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 15,070 N/A 15,070 15,070
Subtotal 45,814,530 47,017,884 45,814,530
Less Total Deductions 9,984,355   9,751,482 9,984,355
Total Taxable Value 35,830,175 37,266,402 35,830,175 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 16,940,320 .9091 18,634,166
Prod Value Qualified Acres 3,347,500 1.0454 3,202,096
Taxable Value 20,287,820   21,836,262

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
39,231,040 3,400,865 35,830,175 0 39,231,040 35,830,175

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 local value to be valid, and local value was certified

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