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2009 ISD Summary Worksheet

093/Grimes

093-903/Iola ISD

Category Local Tax Roll Value 2009 WTD Mean Ratio 2009 PTD Value Estimate 2009 Value Assigned
A. Single-Family Residences 22,566,140 .9589 23,533,361 22,566,140
B. Multi-Family Residences 86,520 N/A 86,520 86,520
C. Vacant Lots 9,268,530 .9768 9,488,667 9,268,530
D. Rural Real(Taxable) 77,089,144 .9953 77,454,732 77,089,144
F1. Commercial Real 1,207,830 N/A 1,207,830 1,207,830
F2. Industrial Real 127,930 N/A 127,930 127,930
G. Oil, Gas, Minerals 14,177,860 1.0617 13,353,923 14,177,860
J. Utilities 27,185,010 .9772 27,819,290 27,185,010
L1. Commercial Personal 1,886,406 N/A 1,886,406 1,886,406
L2. Industrial Personal 4,666,838 N/A 4,666,838 4,666,838
M. Other Personal 5,004,160 N/A 5,004,160 5,004,160
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 6,667,210 N/A 6,667,210 6,667,210
S. Special Inventory 0 N/A 0 0
Subtotal 169,933,578 171,296,867 169,933,578
Less Total Deductions 20,878,189   21,709,133 20,878,189
Total Taxable Value 149,055,389 149,587,734 149,055,389 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 72,606,333 .9940 73,044,601
Prod Value Qualified Acres 4,482,811 1.0165 4,410,131
Taxable Value 77,089,144   77,454,732

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
155,237,174 149,055,389 155,237,174 149,055,389 150,255,264 150,255,264


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
6,181,785 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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