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2007 ISD Summary Worksheet

093/Grimes
093-903/Iola ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 15,153,940 .9315 16,268,320 15,153,940
B. Multi-Family Residences 70,000 N/A 70,000 70,000
C. Vacant Lots 1,273,780 N/A 1,273,780 1,273,780
D. Rural Real(Taxable) 64,877,236 .9912 65,452,206 64,877,236
F1. Commercial Real 1,219,910 N/A 1,219,910 1,219,910
F2. Industrial Real 111,930 N/A 111,930 111,930
G. Oil, Gas, Minerals 12,391,965 1.0131 12,231,729 12,391,965
J. Utilities 22,334,030 .9718 22,982,126 22,334,030
L1. Commercial Personal 1,162,688 N/A 1,162,688 1,162,688
L2. Industrial Personal 4,476,170 N/A 4,476,170 4,476,170
M. Other Personal 4,192,800 N/A 4,192,800 4,192,800
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 127,264,449 129,441,659 127,264,449
Less Total Deductions 18,003,465   19,206,656 18,003,465
Total Taxable Value 109,260,984 110,235,003 109,260,984 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 60,420,662 .9882 61,142,139
Prod Value Qualified Acres 4,456,574 1.0340 4,310,067
Taxable Value 64,877,236   65,452,206

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
115,202,528 5,941,544 109,260,984 0 115,202,528 109,260,984

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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