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2011 ISD Summary Worksheet

126/Johnson

126-908/Venus ISD


Category Local Tax Roll Value 2011 WTD Mean Ratio 2011 PTD Value Estimate 2011 Value Assigned
A. Single-Family Residences 160,119,534 1.0903 146,858,235 160,119,534
B. Multi-Family Residences 875,732 N/A 875,732 875,732
C. Vacant Lots 16,475,363 N/A 16,475,363 16,475,363
D. Rural Real(Taxable) 19,934,757 .9876 20,185,926 19,934,757
F1. Commercial Real 8,083,751 N/A 8,083,751 8,083,751
F2. Industrial Real 14,507,333 N/A 14,507,333 14,507,333
G. Oil, Gas, Minerals 95,824,082 1.0091 94,959,946 95,824,082
J. Utilities 28,778,472 .8361 34,419,892 28,778,472
L1. Commercial Personal 3,469,679 N/A 3,469,679 3,469,679
L2. Industrial Personal 14,598,306 N/A 14,598,306 14,598,306
M. Other Personal 11,871,120 N/A 11,871,120 11,871,120
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 803,148 N/A 803,148 803,148
S. Special Inventory 0 N/A 0 0
Subtotal 375,341,277 367,108,431 375,341,277
Less Total Deductions 32,661,499   30,648,054 32,661,499
Total Taxable Value 342,679,778 336,460,377 342,679,778 T2

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 18,316,352 N/A 18,316,352
Prod Value Qualified Acres 1,618,405 .8657 1,869,574
Taxable Value 19,934,757   20,185,926

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
358,509,821 342,679,778 358,509,821 342,679,778 344,123,691 344,123,691


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
15,830,043 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
358,509,821 342,679,778 358,509,821 342,679,778 344,123,691 344,123,691

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 invalid, but local value was certified because local value is greater than PTD value.

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