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2007 ISD Summary Worksheet

113/Houston
113-903/Lovelady ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 23,299,180 .9685 24,056,975 23,299,180
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 1,119,450 N/A 1,119,450 1,119,450
D. Rural Real(Taxable) 79,216,880 .9688 81,772,011 79,216,880
F1. Commercial Real 1,600,710 N/A 1,600,710 1,600,710
F2. Industrial Real 512,700 N/A 512,700 512,700
G. Oil, Gas, Minerals 66,408,500 1.0064 65,986,188 66,408,500
J. Utilities 22,391,400 .9880 22,663,360 22,391,400
L1. Commercial Personal 2,038,010 N/A 2,038,010 2,038,010
L2. Industrial Personal 4,699,740 N/A 4,699,740 4,699,740
M. Other Personal 3,924,740 N/A 3,924,740 3,924,740
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 205,211,310 208,373,884 205,211,310
Less Total Deductions 23,055,652   23,883,826 23,055,652
Total Taxable Value 182,155,658 184,490,058 182,155,658 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 58,385,750 .9746 59,907,398
Prod Value Qualified Acres 20,831,130 .9527 21,864,613
Taxable Value 79,216,880   81,772,011

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
189,580,675 7,425,017 182,155,658 0 189,580,675 182,155,658

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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