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2010 ISD Summary Worksheet

148/Lipscomb

148-902/Follett ISD

Category Local Tax Roll Value 2010 WTD Mean Ratio 2010 PTD Value Estimate 2010 Value Assigned
A. Single-Family Residences 7,295,070 .7801 9,351,455 7,295,070
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 72,250 N/A 72,250 72,250
D. Rural Real(Taxable) 20,332,160 1.0000 20,332,160 20,332,160
F1. Commercial Real 1,242,180 N/A 1,242,180 1,242,180
F2. Industrial Real 337,660 N/A 337,660 337,660
G. Oil, Gas, Minerals 237,507,007 1.0550 225,125,125 237,507,007
J. Utilities 16,994,560 1.1534 14,734,316 16,994,560
L1. Commercial Personal 853,440 N/A 853,440 853,440
L2. Industrial Personal 7,822,130 N/A 7,822,130 7,822,130
M. Other Personal 109,910 N/A 109,910 109,910
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 292,566,367 279,980,626 292,566,367
Less Total Deductions 3,765,960   4,660,426 3,765,960
Total Taxable Value 288,800,407 275,320,200 288,800,407 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 5,383,930 N/A 5,383,930
Prod Value Qualified Acres 14,948,230 1.0000 14,948,230
Taxable Value 20,332,160   20,332,160

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
290,366,197 288,800,407 290,366,197 288,800,407 288,800,407 288,800,407


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
1,565,790 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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