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2007 ISD Summary Worksheet

096/Hall
096-904/Memphis ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 32,575,890 .9084 35,860,733 32,575,890
B. Multi-Family Residences 123,530 N/A 123,530 123,530
C. Vacant Lots 784,670 N/A 784,670 784,670
D. Rural Real(Taxable) 50,263,301 .9169 54,821,660 50,263,301
F1. Commercial Real 8,874,740 .9754 9,098,565 8,874,740
F2. Industrial Real 5,295,010 N/A 5,295,010 5,295,010
G. Oil, Gas, Minerals 500 N/A 500 500
J. Utilities 14,107,030 .9350 15,087,733 14,107,030
L1. Commercial Personal 13,264,490 .9908 13,387,656 13,264,490
L2. Industrial Personal 676,660 N/A 676,660 676,660
M. Other Personal 273,370 N/A 273,370 273,370
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 126,239,191 135,410,087 126,239,191
Less Total Deductions 16,146,260   17,494,254 16,146,260
Total Taxable Value 110,092,931 117,915,833 110,092,931 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 9,527,460 .9693 9,829,217
Prod Value Qualified Acres 40,735,841 .9054 44,992,443
Taxable Value 50,263,301   54,821,660

*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
116,834,261 6,741,330 110,092,931 0 116,834,261 110,092,931

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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