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2008 ISD Summary Worksheet

109/Hill

109-914/Penelope ISD

Category Local Tax Roll Value 2008 WTD Mean Ratio 2008 PTD Value Estimate 2008 Value Assigned
A. Single-Family Residences 6,408,040 .9814 6,529,488 6,408,040
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 476,470 N/A 476,470 476,470
D. Rural Real(Taxable) 14,382,663 .9496 15,145,899 14,382,663
F1. Commercial Real 311,790 N/A 311,790 311,790
F2. Industrial Real 23,960 N/A 23,960 23,960
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 1,432,120 .9317 1,537,104 1,432,120
L1. Commercial Personal 331,340 N/A 331,340 331,340
L2. Industrial Personal 386,210 N/A 386,210 386,210
M. Other Personal 672,460 N/A 672,460 672,460
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 100 N/A 100 100
S. Special Inventory 0 N/A 0 0
Subtotal 24,425,153 25,414,821 24,425,153
Less Total Deductions 4,582,089   4,660,218 4,582,089
Total Taxable Value 19,843,064 20,754,603 19,843,064 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 10,655,450 .9490 11,228,082
Prod Value Qualified Acres 3,727,213 .9513 3,917,817
Taxable Value 14,382,663   15,145,899

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
21,529,510 19,843,064 21,529,510 19,843,064 20,163,064 20,163,064


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
1,686,446 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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