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2011 ISD Summary Worksheet

093/Grimes

093-903/Iola ISD


Category Local Tax Roll Value 2011 WTD Mean Ratio 2011 PTAD Value Estimate 2011 Value Assigned
A. Single-Family Residences 30,586,400 N/A 30,586,400 30,586,400
B. Multi-Family Residences 84,440 N/A 84,440 84,440
C. Vacant Lots 9,087,350 N/A 9,087,350 9,087,350
D. Rural Real(Taxable) 81,343,593 N/A 81,343,593 81,343,593
F1. Commercial Real 1,173,220 N/A 1,173,220 1,173,220
F2. Industrial Real 137,610 N/A 137,610 137,610
G. Oil, Gas, Minerals 25,518,316 N/A 25,518,316 25,518,316
J. Utilities 28,414,375 N/A 28,414,375 28,414,375
L1. Commercial Personal 4,356,972 N/A 4,356,972 4,356,972
L2. Industrial Personal 3,852,417 N/A 3,852,417 3,852,417
M. Other Personal 5,160,080 N/A 5,160,080 5,160,080
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 4,087,297 N/A 4,087,297 4,087,297
S. Special Inventory 0 N/A 0 0
Subtotal 193,802,070 193,802,070 193,802,070
Less Total Deductions 20,924,314   20,924,314 20,924,314
Total Taxable Value 172,877,756 172,877,756 172,877,756 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 76,876,634 N/A 76,876,634
Prod Value Qualified Acres 4,466,959 N/A 4,466,959
Taxable Value 81,343,593   81,343,593

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
179,463,126 172,877,756 179,463,126 172,877,756 172,877,756 172,877,756


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,585,370 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
179,463,126 172,877,756 179,463,126 172,877,756 172,877,756 172,877,756

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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