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2007 ISD Summary Worksheet

067/Eastland
067-904/Gorman ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 13,433,520 .9796 13,713,271 13,433,520
B. Multi-Family Residences 33,090 N/A 33,090 33,090
C. Vacant Lots 354,420 N/A 354,420 354,420
D. Rural Real(Taxable) 21,718,430 1.0125 21,449,250 21,718,430
F1. Commercial Real 3,036,750 .9582 3,169,224 3,036,750
F2. Industrial Real 2,545,480 N/A 2,545,480 2,545,480
G. Oil, Gas, Minerals 2,496,990 1.0195 2,449,230 2,496,990
J. Utilities 7,255,840 .9743 7,447,234 7,255,840
L1. Commercial Personal 1,071,260 N/A 1,071,260 1,071,260
L2. Industrial Personal 6,859,210 N/A 6,859,210 6,859,210
M. Other Personal 387,230 N/A 387,230 387,230
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 59,192,220 59,478,899 59,192,220
Less Total Deductions 10,620,750   10,802,114 10,620,750
Total Taxable Value 48,571,470 48,676,785 48,571,470 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 16,396,570 .9678 16,942,106
Prod Value Qualified Acres 5,321,860 1.1808 4,507,144
Taxable Value 21,718,430   21,449,250

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
53,127,890 4,556,420 48,571,470 0 53,127,890 48,571,470

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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