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2007 ISD Summary Worksheet

109/Hill
109-914/Penelope ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 6,539,710 1.0172 6,429,129 6,539,710
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 449,290 N/A 449,290 449,290
D. Rural Real(Taxable) 13,668,222 .9828 13,907,450 13,668,222
F1. Commercial Real 251,620 N/A 251,620 251,620
F2. Industrial Real 23,960 N/A 23,960 23,960
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 1,543,940 1.0569 1,460,819 1,543,940
L1. Commercial Personal 397,220 N/A 397,220 397,220
L2. Industrial Personal 404,220 N/A 404,220 404,220
M. Other Personal 615,680 N/A 615,680 615,680
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 23,893,862 23,939,388 23,893,862
Less Total Deductions 4,504,163   4,438,896 4,504,163
Total Taxable Value 19,389,699 19,500,492 19,389,699 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 9,906,820 .9313 10,637,625
Prod Value Qualified Acres 3,761,402 1.1503 3,269,825
Taxable Value 13,668,222   13,907,450

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
21,035,661 1,645,962 19,389,699 0 21,035,661 19,389,699

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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