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2008 ISD Summary Worksheet

109/Hill

109-907/Itasca ISD

Category Local Tax Roll Value 2008 WTD Mean Ratio 2008 PTD Value Estimate 2008 Value Assigned
A. Single-Family Residences 42,754,683 .9368 45,639,072 42,754,683
B. Multi-Family Residences 250,230 N/A 250,230 250,230
C. Vacant Lots 1,743,190 N/A 1,743,190 1,743,190
D. Rural Real(Taxable) 62,554,599 1.0031 62,359,269 62,554,599
F1. Commercial Real 6,285,390 N/A 6,285,390 6,285,390
F2. Industrial Real 2,274,370 N/A 2,274,370 2,274,370
G. Oil, Gas, Minerals 32,005,177 .9891 32,357,878 32,005,177
J. Utilities 24,152,560 .9773 24,713,558 24,152,560
L1. Commercial Personal 15,282,530 1.0485 14,575,613 15,282,530
L2. Industrial Personal 3,829,450 N/A 3,829,450 3,829,450
M. Other Personal 2,554,340 N/A 2,554,340 2,554,340
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 385,180 N/A 385,180 385,180
Subtotal 194,071,699 196,967,540 194,071,699
Less Total Deductions 22,626,427   24,085,709 22,626,427
Total Taxable Value 171,445,272 172,881,831 171,445,272 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 53,363,300 .9809 54,402,386
Prod Value Qualified Acres 9,191,299 1.1551 7,956,883
Taxable Value 62,554,599   62,359,269

The taxable values shown here will not match the values reported by your appraisal district

See the ISD DEDUCTION Report for a breakdown of deduction values

Government code subsections 403.302 (J) AND (K) require the Comptroller to certify alternative measures of school district Wealth (T1, T3, T4, T5 and T6) 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 T2 T3 T4 T5 T6
179,617,108 171,445,272 179,617,108 171,445,272 173,108,662 173,108,662


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
8,171,836 0


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 and the tax ceiling reduction

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

T5 = T2 Before the loss to the tax ceiling reduction

T6 = T5 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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