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2023 ISD Summary Worksheet
109-Hill/Hill County
109-914/Penelope ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 12,983,950 | N/A | 12,983,950 | 12,983,950 |
| B - MULTIFAMILY | 0 | N/A | 0 | 0 |
| C1 - VACANT LOTS | 630,420 | N/A | 630,420 | 630,420 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 5,164,210 | N/A | 5,164,210 | 5,164,210 |
| D2 - FARM & RANCH IMP | 2,197,180 | N/A | 2,197,180 | 2,197,180 |
| E - NON-AG LAND AND IMPROVEMENTS | 32,964,850 | N/A | 32,964,850 | 32,964,850 |
| F1 - COMMERCIAL REAL | 326,160 | N/A | 326,160 | 326,160 |
| F2 - INDUSTRIAL REAL | 17,751,820 | N/A | 17,751,820 | 17,751,820 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 7,228,470 | N/A | 7,228,470 | 7,228,470 |
| L1 - COMMERCIAL PERSONAL | 223,580 | N/A | 223,580 | 223,580 |
| L2 - INDUSTRIAL PERSONAL | 4,567,360 | N/A | 4,567,360 | 4,567,360 |
| M1 - MOBILE HOMES | 907,050 | N/A | 907,050 | 907,050 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 0 | N/A | 0 | 0 |
| S - SPECIAL INVENTORY | 0 | N/A | 0 | 0 |
| Subtotal | 84,945,050 | 0 | 84,945,050 | 84,945,050 |
| Less Total Deductions | 19,537,895 | 0 | 19,537,895 | 19,537,895 |
| Total Taxable Value | 65,407,155 | 0 | 65,407,155 | 65,407,155 |
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 T4 will be the same as T7 through T10.
VALUE TAXABLE FOR M&O PURPOSES
| Measure | Value | Description |
|---|---|---|
| T1 | 71,692,209 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 65,407,155 | School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction |
| T3 | 71,692,209 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 65,407,155 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 75,082,209 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 77,342,209 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 66,978,828 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 71,692,209 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 65,407,155 | School district taxable value for i&s purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction |
| T9 | 71,692,209 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 65,407,155 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 75,082,209 | T13 plus the loss to the chapter 313 agreement |
| T16 | 77,342,209 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 66,978,828 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 6,285,054 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 3,390,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 2,260,000 | Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED
109-914-02/Penelope ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 12,983,950 | N/A | 12,983,950 | 12,983,950 |
| B - MULTIFAMILY | 0 | N/A | 0 | 0 |
| C1 - VACANT LOTS | 630,420 | N/A | 630,420 | 630,420 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 5,164,210 | N/A | 5,164,210 | 5,164,210 |
| D2 - FARM & RANCH IMP | 2,197,180 | N/A | 2,197,180 | 2,197,180 |
| E - NON-AG LAND AND IMPROVEMENTS | 32,964,850 | N/A | 32,964,850 | 32,964,850 |
| F1 - COMMERCIAL REAL | 326,160 | N/A | 326,160 | 326,160 |
| F2 - INDUSTRIAL REAL | 17,751,820 | N/A | 17,751,820 | 17,751,820 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 7,228,470 | N/A | 7,228,470 | 7,228,470 |
| L1 - COMMERCIAL PERSONAL | 223,580 | N/A | 223,580 | 223,580 |
| L2 - INDUSTRIAL PERSONAL | 4,567,360 | N/A | 4,567,360 | 4,567,360 |
| M1 - MOBILE HOMES | 907,050 | N/A | 907,050 | 907,050 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 0 | N/A | 0 | 0 |
| S - SPECIAL INVENTORY | 0 | N/A | 0 | 0 |
| Subtotal | 84,945,050 | 84,945,050 | 84,945,050 | |
| Less Total Deductions | 19,537,895 | 19,537,895 | 19,537,895 | |
| Total Taxable Value | 65,407,155 | 65,407,155 | 65,407,155 |
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 T4 will be the same as T7 through T10.
VALUE TAXABLE FOR M&O PURPOSES
| Measure | Value | Description |
|---|---|---|
| T1 | 71,692,209 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 65,407,155 | School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction |
| T3 | 71,692,209 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 65,407,155 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 75,082,209 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 77,342,209 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 66,978,828 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 71,692,209 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 65,407,155 | School district taxable value for i&s purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction |
| T9 | 71,692,209 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 65,407,155 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 75,082,209 | T13 plus the loss to the chapter 313 agreement |
| T16 | 77,342,209 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 66,978,828 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 6,285,054 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 3,390,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 2,260,000 | Loss to Second Previous Homestead Increase |