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2007 ISD Summary Worksheet

110/Hockley
110-902/Levelland ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 276,522,983 .8254 335,016,941 276,522,983
B. Multi-Family Residences 5,371,970 N/A 5,371,970 5,371,970
C. Vacant Lots 3,661,282 N/A 3,661,282 3,661,282
D. Rural Real(Taxable) 61,342,675 .9973 61,508,652 61,342,675
F1. Commercial Real 61,294,057 N/A 61,294,057 61,294,057
F2. Industrial Real 8,297,320 N/A 8,297,320 8,297,320
G. Oil, Gas, Minerals 799,249,360 .9470 843,980,317 799,249,360
J. Utilities 46,244,260 N/A 46,244,260 46,244,260
L1. Commercial Personal 35,051,870 N/A 35,051,870 35,051,870
L2. Industrial Personal 78,594,090 N/A 78,594,090 78,594,090
M. Other Personal 6,065,250 N/A 6,065,250 6,065,250
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 191,060 N/A 191,060 191,060
S. Special Inventory 3,019,310 N/A 3,019,310 3,019,310
Subtotal 1,384,905,487 1,488,296,379 1,384,905,487
Less Total Deductions 92,837,931   111,004,329 92,837,931
Total Taxable Value 1,292,067,556 1,377,292,050 1,292,067,556 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 26,166,749 N/A 26,166,749
Prod Value Qualified Acres 35,175,926 .9953 35,341,903
Taxable Value 61,342,675   61,508,652

*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
1,326,683,023 34,615,467 1,292,067,556 0 1,326,683,023 1,292,067,556

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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