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2007 ISD Summary Worksheet

156/Martin
156-905/Grady ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 408,390 N/A 408,390 408,390
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 8,470 N/A 8,470 8,470
D. Rural Real(Taxable) 23,350,200 .8011 29,148,469 23,350,200
F1. Commercial Real 112,870 N/A 112,870 112,870
F2. Industrial Real 296,670 N/A 296,670 296,670
G. Oil, Gas, Minerals 363,751,980 1.0412 349,358,413 363,751,980
J. Utilities 16,051,110 N/A 16,051,110 16,051,110
L1. Commercial Personal 130,240 N/A 130,240 130,240
L2. Industrial Personal 2,796,150 N/A 2,796,150 2,796,150
M. Other Personal 525,950 N/A 525,950 525,950
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 407,432,030 398,836,732 407,432,030
Less Total Deductions 2,372,783   2,372,783 2,372,783
Total Taxable Value 405,059,247 396,463,949 405,059,247 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 10,888,450 1.0077 10,805,250
Prod Value Qualified Acres 12,461,750 .6794 18,343,219
Taxable Value 23,350,200   29,148,469

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
406,176,187 1,116,940 405,059,247 636,790 405,539,397 404,422,457

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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