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2011 ISD Summary Worksheet

168/Mitchell

168-902/Loraine ISD


Category Local Tax Roll Value 2011 WTD Mean Ratio 2011 PTAD Value Estimate 2011 Value Assigned
A. Single-Family Residences 8,089,390 .9582 8,442,277 8,089,390
B. Multi-Family Residences 61,570 N/A 61,570 61,570
C. Vacant Lots 207,090 N/A 207,090 207,090
D. Rural Real(Taxable) 18,369,610 1.0230 17,957,041 18,369,610
F1. Commercial Real 486,930 N/A 486,930 486,930
F2. Industrial Real 264,382,630 N/A 264,382,630 264,382,630
G. Oil, Gas, Minerals 811,780 N/A 811,780 811,780
J. Utilities 12,197,190 .9644 12,647,439 12,197,190
L1. Commercial Personal 550,300 N/A 550,300 550,300
L2. Industrial Personal 1,957,640 N/A 1,957,640 1,957,640
M. Other Personal 343,160 N/A 343,160 343,160
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 307,457,290 307,847,857 307,457,290
Less Total Deductions 243,208,370   243,359,466 243,208,370
Total Taxable Value 64,248,920 64,488,391 64,248,920 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 6,564,850 1.0413 6,304,475
Prod Value Qualified Acres 11,804,760 1.0131 11,652,566
Taxable Value 18,369,610   17,957,041

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
66,396,610 64,248,920 66,396,610 64,248,920 64,248,920 64,248,920


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,147,690 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
304,965,880 302,818,190 304,965,880 302,818,190 302,818,190 302,818,190

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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