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2007 ISD Summary Worksheet

085/Garza
085-903/Southland ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 761,430 N/A 761,430 761,430
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 37,280 N/A 37,280 37,280
D. Rural Real(Taxable) 10,320,760 .7283 14,170,937 10,320,760
F1. Commercial Real 153,790 N/A 153,790 153,790
F2. Industrial Real 206,470 N/A 206,470 206,470
G. Oil, Gas, Minerals 39,897,860 .9781 40,791,187 39,897,860
J. Utilities 5,547,920 .9503 5,838,072 5,547,920
L1. Commercial Personal 1,260 N/A 1,260 1,260
L2. Industrial Personal 1,638,800 N/A 1,638,800 1,638,800
M. Other Personal 40,010 N/A 40,010 40,010
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 58,605,580 63,639,236 58,605,580
Less Total Deductions 1,192,600   1,192,600 1,192,600
Total Taxable Value 57,412,980 62,446,636 57,412,980 T2*

* This district is in year 1 of the grace period.

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 3,731,400 .9563 3,901,914
Prod Value Qualified Acres 6,589,360 .6417 10,269,023
Taxable Value 10,320,760   14,170,937

*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
57,970,030 557,050 57,412,980 0 57,970,030 57,412,980

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 invalid, but local value was certified because your school district is in year one of the grace period.

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