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2007 ISD Summary Worksheet

145/Leon
145-906/Normangee ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 59,335,650 .8894 66,714,246 59,335,650
B. Multi-Family Residences 407,140 N/A 407,140 407,140
C. Vacant Lots 17,509,020 .9367 18,692,239 17,509,020
D. Rural Real(Taxable) 66,399,960 1.0666 62,255,568 66,399,960
F1. Commercial Real 4,867,490 N/A 4,867,490 4,867,490
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 13,491,280 1.0234 13,182,802 13,491,280
J. Utilities 25,732,690 .9918 25,945,443 25,732,690
L1. Commercial Personal 7,370,110 N/A 7,370,110 7,370,110
L2. Industrial Personal 10,220,580 N/A 10,220,580 10,220,580
M. Other Personal 2,201,040 N/A 2,201,040 2,201,040
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 569,670 N/A 569,670 569,670
Subtotal 208,104,630 212,426,328 208,104,630
Less Total Deductions 32,054,091   35,254,483 32,054,091
Total Taxable Value 176,050,539 177,171,845 176,050,539 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 60,542,180 1.0608 57,072,191
Prod Value Qualified Acres 5,857,780 1.1301 5,183,377
Taxable Value 66,399,960   62,255,568

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
186,452,559 10,402,020 176,050,539 6,964,885 179,487,674 169,085,654

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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