taxes Property Tax Assistance

2018 ISD Summary Worksheet

109-Hill

109-914/Penelope ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	7,692,100	0.9890	7,777,654	7,692,100
B. MULTIFAMILY RESIDENCES	0	N/A	0	0
C1. VACANT LOTS	384,530	N/A	384,530	384,530
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	5,266,630	0.9514	5,535,787	5,266,630
D2. REAL PROP:FARM & RANCH	1,775,750	N/A	1,775,750	1,775,750
E. REAL PROP NONQUAL ACREAGE	17,046,959	1.0482	16,263,079	17,046,959
F1. COMMERCIAL REAL	570,900	N/A	570,900	570,900
F2. INDUSTRIAL REAL	27,780	N/A	27,780	27,780
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	1,127,560	N/A	1,127,560	1,127,560
L1. COMMERCIAL PERSONAL	634,230	N/A	634,230	634,230
L2. INDUSTRIAL PERSONAL	2,569,330	N/A	2,569,330	2,569,330
M. MOBILE HOMES	794,400	N/A	794,400	794,400
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	37,890,169	0	37,461,000	37,890,169
Less Total Deductions	6,825,192	0	6,895,019	6,825,192
Total Taxable Value	31,064,977	0	30,565,981	31,064,977

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

T1	T2	T3	T4
32,423,034	31,064,977	32,423,034	31,064,977

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
1,358,057	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

Value Taxable For I & S Purposes

T7	T8	T9	T10
32,423,034	31,064,977	32,423,034	31,064,977

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

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

109-914-02/Penelope ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	7,692,100	0.9890	7,777,654	7,692,100
B. MULTIFAMILY RESIDENCES	0	N/A	0	0
C1. VACANT LOTS	384,530	N/A	384,530	384,530
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	5,266,630	0.9514	5,535,787	5,266,630
D2. REAL PROP:FARM & RANCH	1,775,750	N/A	1,775,750	1,775,750
E. REAL PROP NONQUAL ACREAGE	17,046,959	1.0482	16,263,079	17,046,959
F1. COMMERCIAL REAL	570,900	N/A	570,900	570,900
F2. INDUSTRIAL REAL	27,780	N/A	27,780	27,780
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	1,127,560	N/A	1,127,560	1,127,560
L1. COMMERCIAL PERSONAL	634,230	N/A	634,230	634,230
L2. INDUSTRIAL PERSONAL	2,569,330	N/A	2,569,330	2,569,330
M. MOBILE HOMES	794,400	N/A	794,400	794,400
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	37,890,169		37,461,000	37,890,169
Less Total Deductions	6,825,192		6,895,019	6,825,192
Total Taxable Value	31,064,977		30,565,981	31,064,977

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

T1	T2	T3	T4
32,423,034	31,064,977	32,423,034	31,064,977

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
1,358,057	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

Value Taxable For I & S Purposes

T7	T8	T9	T10
32,423,034	31,064,977	32,423,034	31,064,977

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