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2008 ISD Summary Worksheet

148/Lipscomb

148-903/Higgins ISD

Category Local Tax Roll Value 2008 WTD Mean Ratio 2008 PTD Value Estimate 2008 Value Assigned
A. Single-Family Residences 5,568,598 N/A 5,568,598 5,568,598
B. Multi-Family Residences 36,736 N/A 36,736 36,736
C. Vacant Lots 165,424 N/A 165,424 165,424
D. Rural Real(Taxable) 10,408,041 .9531 10,919,824 10,408,041
F1. Commercial Real 1,388,500 N/A 1,388,500 1,388,500
F2. Industrial Real 106,331 N/A 106,331 106,331
G. Oil, Gas, Minerals 247,812,591 .9930 249,559,508 247,812,591
J. Utilities 18,024,140 1.0211 17,651,689 18,024,140
L1. Commercial Personal 3,031,290 N/A 3,031,290 3,031,290
L2. Industrial Personal 15,330 N/A 15,330 15,330
M. Other Personal 127,829 N/A 127,829 127,829
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 286,684,810 288,571,059 286,684,810
Less Total Deductions 3,188,083   3,188,083 3,188,083
Total Taxable Value 283,496,727 285,382,976 283,496,727 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 4,284,683 .8933 4,796,466
Prod Value Qualified Acres 6,123,358 1.0000 6,123,358
Taxable Value 10,408,041   10,919,824

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
284,815,437 283,496,727 284,815,437 283,496,727 283,570,092 283,570,092


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
1,318,710 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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