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2007 ISD Summary Worksheet

037/Cherokee
037-909/Wells ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 12,554,570 .9953 12,613,855 12,554,570
B. Multi-Family Residences 533,320 N/A 533,320 533,320
C. Vacant Lots 496,110 N/A 496,110 496,110
D. Rural Real(Taxable) 23,915,080 .9779 24,456,462 23,915,080
F1. Commercial Real 1,456,470 N/A 1,456,470 1,456,470
F2. Industrial Real 75,840 N/A 75,840 75,840
G. Oil, Gas, Minerals 6,658,746 .9892 6,731,446 6,658,746
J. Utilities 3,185,880 1.0951 2,909,214 3,185,880
L1. Commercial Personal 992,530 N/A 992,530 992,530
L2. Industrial Personal 4,865,510 N/A 4,865,510 4,865,510
M. Other Personal 454,190 N/A 454,190 454,190
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 55,188,246 55,584,947 55,188,246
Less Total Deductions 10,946,431   10,987,151 10,946,431
Total Taxable Value 44,241,815 44,597,796 44,241,815 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 17,076,500 .9602 17,784,316
Prod Value Qualified Acres 6,838,580 1.0249 6,672,146
Taxable Value 23,915,080   24,456,462

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
48,065,062 3,823,247 44,241,815 0 48,065,062 44,241,815

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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