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2007 ISD Summary Worksheet

148/Lipscomb
148-902/Follett ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 6,977,962 N/A 6,977,962 6,977,962
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 71,557 N/A 71,557 71,557
D. Rural Real(Taxable) 16,444,341 .6726 24,447,459 16,444,341
F1. Commercial Real 1,136,023 N/A 1,136,023 1,136,023
F2. Industrial Real 336,349 N/A 336,349 336,349
G. Oil, Gas, Minerals 207,343,882 1.0606 195,496,777 207,343,882
J. Utilities 8,885,906 N/A 8,885,906 8,885,906
L1. Commercial Personal 727,676 N/A 727,676 727,676
L2. Industrial Personal 282,283 N/A 282,283 282,283
M. Other Personal 164,029 N/A 164,029 164,029
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 242,370,008 238,526,021 242,370,008
Less Total Deductions 4,078,500   4,078,500 4,078,500
Total Taxable Value 238,291,508 234,447,521 238,291,508 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 6,580,382 .6175 10,656,489
Prod Value Qualified Acres 9,863,959 .7152 13,790,970
Taxable Value 16,444,341   24,447,459

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
239,882,887 1,591,379 238,291,508 0 239,882,887 238,291,508

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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