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2007 ISD Summary Worksheet

109/Hill
109-907/Itasca ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 39,576,431 .9675 40,905,872 39,576,431
B. Multi-Family Residences 272,800 N/A 272,800 272,800
C. Vacant Lots 1,749,670 N/A 1,749,670 1,749,670
D. Rural Real(Taxable) 60,865,261 1.0008 60,818,380 60,865,261
F1. Commercial Real 5,707,740 N/A 5,707,740 5,707,740
F2. Industrial Real 2,215,970 N/A 2,215,970 2,215,970
G. Oil, Gas, Minerals 8,191,820 N/A 8,191,820 8,191,820
J. Utilities 15,014,930 1.0568 14,207,920 15,014,930
L1. Commercial Personal 12,888,140 .9767 13,195,597 12,888,140
L2. Industrial Personal 10,002,750 N/A 10,002,750 10,002,750
M. Other Personal 2,538,740 N/A 2,538,740 2,538,740
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 337,180 N/A 337,180 337,180
Subtotal 159,361,432 160,144,439 159,361,432
Less Total Deductions 22,527,760   23,217,636 22,527,760
Total Taxable Value 136,833,672 136,926,803 136,833,672 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 51,677,551 .9758 52,959,163
Prod Value Qualified Acres 9,187,710 1.1690 7,859,217
Taxable Value 60,865,261   60,818,380

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
144,764,194 7,930,522 136,833,672 0 144,764,194 136,833,672

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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