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2007 ISD Summary Worksheet

074/Fannin
074-909/Leonard ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 59,886,661 .9389 63,783,855 63,783,855
B. Multi-Family Residences 965,590 N/A 965,590 965,590
C. Vacant Lots 776,050 N/A 776,050 776,050
D. Rural Real(Taxable) 47,066,743 .9415 49,990,753 49,990,753
F1. Commercial Real 8,572,970 .9744 8,798,204 8,798,204
F2. Industrial Real 496,460 N/A 496,460 496,460
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 8,533,350 .9757 8,745,875 8,745,875
L1. Commercial Personal 5,261,290 N/A 5,261,290 5,261,290
L2. Industrial Personal 687,590 N/A 687,590 687,590
M. Other Personal 424,790 N/A 424,790 424,790
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 48,660 N/A 48,660 48,660
S. Special Inventory 15,840 N/A 15,840 15,840
Subtotal 132,735,994 139,994,957 139,994,957
Less Total Deductions 21,389,118   22,717,656 22,717,656
Total Taxable Value 111,346,876 117,277,301 117,277,301 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 43,007,024 .9263 46,428,829
Prod Value Qualified Acres 4,059,719 1.1398 3,561,924
Taxable Value 47,066,743   49,990,753

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
125,672,431 8,395,130 117,277,301 0 125,672,431 117,277,301

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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