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2011 ISD Summary Worksheet

037/Cherokee

037-908/New Summerfield ISD


Category Local Tax Roll Value 2011 WTD Mean Ratio 2011 PTAD Value Estimate 2011 Value Assigned
A. Single-Family Residences 14,682,960 .9500 15,455,747 14,682,960
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 565,220 N/A 565,220 565,220
D. Rural Real(Taxable) 20,942,570 .9972 21,000,448 20,942,570
F1. Commercial Real 2,330,660 N/A 2,330,660 2,330,660
F2. Industrial Real 4,763,440 N/A 4,763,440 4,763,440
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 16,983,370 .9852 17,238,500 16,983,370
L1. Commercial Personal 1,934,900 N/A 1,934,900 1,934,900
L2. Industrial Personal 847,500 N/A 847,500 847,500
M. Other Personal 1,005,460 N/A 1,005,460 1,005,460
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 37,490 N/A 37,490 37,490
Subtotal 64,093,570 65,179,365 64,093,570
Less Total Deductions 9,895,919   10,364,969 9,895,919
Total Taxable Value 54,197,651 54,814,396 54,197,651 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 17,696,220 .9869 17,931,118
Prod Value Qualified Acres 3,246,350 1.0577 3,069,330
Taxable Value 20,942,570   21,000,448

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. These measures are reported for taxable values for maintenance and operation (M&O) tax purposes and for interest and sinking fund (I&S) tax purposes. For districts that have not entered into value limitation agreements, T1 through T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
57,456,558 54,197,651 57,456,558 54,197,651 54,197,651 54,197,651


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,258,907 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes 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

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
57,456,558 54,197,651 57,456,558 54,197,651 54,197,651 54,197,651

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 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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