Texas Comptroller of Public Accounts

Texas Comptroller of Public Accounts, Glenn Hegar

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2008 ISD Summary Worksheet


227-912/Lago Vista ISD

Category Local Tax Roll Value 2008 WTD Mean Ratio 2008 PTD Value Estimate 2008 Value Assigned
A. Single-Family Residences 1,150,810,570 .9792 1,175,255,893 1,150,810,570
B. Multi-Family Residences 18,514,881 N/A 18,514,881 18,514,881
C. Vacant Lots 205,042,520 .9025 227,193,928 205,042,520
D. Rural Real(Taxable) 59,239,926 .4123 143,694,506 59,239,926
F1. Commercial Real 58,020,735 N/A 58,020,735 58,020,735
F2. Industrial Real 184,827 N/A 184,827 184,827
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 7,801,514 N/A 7,801,514 7,801,514
L1. Commercial Personal 13,329,207 N/A 13,329,207 13,329,207
L2. Industrial Personal 1,144,190 N/A 1,144,190 1,144,190
M. Other Personal 355,889 N/A 355,889 355,889
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 22,531,920 N/A 22,531,920 22,531,920
S. Special Inventory 2,615 N/A 2,615 2,615
Subtotal 1,536,978,794 1,668,030,105 1,536,978,794
Less Total Deductions 184,555,244   189,618,358 184,555,244
Total Taxable Value 1,352,423,550 1,478,411,747 1,352,423,550 T2*

* This district is in year 1 of the grace period.

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 59,004,887 .4111 143,529,280
Prod Value Qualified Acres 235,039 1.4225 165,226
Taxable Value 59,239,926   143,694,506

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
1,380,386,560 1,352,423,550 1,310,317,092 1,282,354,082 1,381,368,550 1,311,299,082

Loss To
the Additional
$10,000 Homestead
50% of the loss
To the Local Optional
Percentage Homestead
27,963,010 70,069,468

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 invalid, but local value was certified because your school district is in year one of the grace period.

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