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2007 ISD Summary Worksheet

167/Mills
167-902/Mullin ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 3,453,470 .8426 4,098,588 3,453,470
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 77,300 N/A 77,300 77,300
D. Rural Real(Taxable) 42,465,400 .9495 44,723,694 42,465,400
F1. Commercial Real 629,980 N/A 629,980 629,980
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 19,140 N/A 19,140 19,140
J. Utilities 6,799,360 .9307 7,305,641 6,799,360
L1. Commercial Personal 386,400 N/A 386,400 386,400
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 384,620 N/A 384,620 384,620
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 54,215,670 57,625,363 54,215,670
Less Total Deductions 7,211,967   8,682,278 7,211,967
Total Taxable Value 47,003,703 48,943,085 47,003,703 T2**

** This district is in year 2 of the grace period.

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 30,196,870 .9645 31,308,315
Prod Value Qualified Acres 12,268,530 .9145 13,415,379
Taxable Value 42,465,400   44,723,694

**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
49,346,733 2,343,030 47,003,703 0 49,346,733 47,003,703

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 two of the grace period.

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