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2007 ISD Summary Worksheet

038/Childress
038-901/Childress ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 79,521,600 .9731 81,719,864 79,521,600
B. Multi-Family Residences 2,397,920 N/A 2,397,920 2,397,920
C. Vacant Lots 781,700 N/A 781,700 781,700
D. Rural Real(Taxable) 38,560,740 .7352 52,450,741 38,560,740
F1. Commercial Real 29,427,520 .8225 35,778,140 29,427,520
F2. Industrial Real 611,930 N/A 611,930 611,930
G. Oil, Gas, Minerals 1,755,560 N/A 1,755,560 1,755,560
J. Utilities 28,086,980 .9557 29,388,909 28,086,980
L1. Commercial Personal 21,036,680 .9810 21,444,118 21,036,680
L2. Industrial Personal 685,390 N/A 685,390 685,390
M. Other Personal 1,163,720 N/A 1,163,720 1,163,720
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,079,290 N/A 1,079,290 1,079,290
Subtotal 205,109,030 229,257,282 205,109,030
Less Total Deductions 36,777,720   37,595,132 36,777,720
Total Taxable Value 168,331,310 191,662,150 168,331,310 T2**

** This district is in year 2 of the grace period.

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 15,202,210 .6370 23,865,322
Prod Value Qualified Acres 23,358,530 .8171 28,585,419
Taxable Value 38,560,740   52,450,741

**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
183,377,860 15,046,550 168,331,310 0 183,377,860 168,331,310

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 invalid, but local value was certified because your school district is in year two of the grace period.

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