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2007 ISD Summary Worksheet

073/Falls
073-904/Westphalia ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 3,383,780 .9336 3,624,443 3,624,443
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 73,540 N/A 73,540 73,540
D. Rural Real(Taxable) 7,761,340 .7065 10,985,877 10,985,877
F1. Commercial Real 100,190 N/A 100,190 100,190
F2. Industrial Real 82,990 N/A 82,990 82,990
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 4,135,830 .9402 4,398,883 4,398,883
L1. Commercial Personal 284,960 N/A 284,960 284,960
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 134,550 N/A 134,550 134,550
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 15,957,180 19,685,433 19,685,433
Less Total Deductions 2,622,993   2,798,564 2,798,564
Total Taxable Value 13,334,187 16,886,869 16,886,869 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 5,552,750 .6331 8,770,731
Prod Value Qualified Acres 2,208,590 .9970 2,215,146
Taxable Value 7,761,340   10,985,877

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
18,063,129 1,176,260 16,886,869 0 18,063,129 16,886,869

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, and state value was certified because your local value:

1) was invalid in one or more of the previous two years or

2) is less than 90% of the lower end of the margin of error range

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