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2007 ISD Summary Worksheet

116/Hunt
116-908/Quinlan ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 385,872,210 .9145 421,948,835 385,872,210
B. Multi-Family Residences 2,324,530 N/A 2,324,530 2,324,530
C. Vacant Lots 43,998,360 .8248 53,344,277 43,998,360
D. Rural Real(Taxable) 143,142,620 .8328 171,888,698 143,142,620
F1. Commercial Real 43,484,440 .8043 54,064,951 43,484,440
F2. Industrial Real 1,236,780 N/A 1,236,780 1,236,780
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 16,026,080 N/A 16,026,080 16,026,080
L1. Commercial Personal 16,429,710 N/A 16,429,710 16,429,710
L2. Industrial Personal 2,138,220 N/A 2,138,220 2,138,220
M. Other Personal 20,408,130 N/A 20,408,130 20,408,130
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 2,793,210 N/A 2,793,210 2,793,210
S. Special Inventory 277,820 N/A 277,820 277,820
Subtotal 678,132,110 762,881,241 678,132,110
Less Total Deductions 120,675,284   131,833,914 120,675,284
Total Taxable Value 557,456,826 631,047,327 557,456,826 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 139,494,491 .8275 168,573,403
Prod Value Qualified Acres 3,648,129 1.1004 3,315,295
Taxable Value 143,142,620   171,888,698

*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
600,076,265 42,619,439 557,456,826 0 600,076,265 557,456,826

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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