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2007 ISD Summary Worksheet

140/Lamb
140-905/Olton ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 24,328,840 .8331 29,202,785 24,328,840
B. Multi-Family Residences 100,850 N/A 100,850 100,850
C. Vacant Lots 358,380 N/A 358,380 358,380
D. Rural Real(Taxable) 50,879,798 1.0279 49,498,214 50,879,798
F1. Commercial Real 4,404,090 .8737 5,040,735 4,404,090
F2. Industrial Real 8,721,410 N/A 8,721,410 8,721,410
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 9,920,430 1.1167 8,883,702 9,920,430
L1. Commercial Personal 6,198,340 1.0261 6,040,678 6,198,340
L2. Industrial Personal 2,715,150 N/A 2,715,150 2,715,150
M. Other Personal 607,030 N/A 607,030 607,030
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 446,490 N/A 446,490 446,490
Subtotal 108,680,808 111,615,424 108,680,808
Less Total Deductions 11,629,565   13,351,859 11,629,565
Total Taxable Value 97,051,243 98,263,565 97,051,243 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 13,182,328 .8669 15,206,284
Prod Value Qualified Acres 37,697,470 1.0993 34,291,930
Taxable Value 50,879,798   49,498,214

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
102,295,603 5,244,360 97,051,243 0 102,295,603 97,051,243

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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