taxes Property Tax Assistance

2021 ISD Summary Worksheet

Penelope ISD (all splits)   Hill County  

109-Hill/Hill County

109-914/Penelope ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 9,206,690 N/A 9,206,690 9,206,690
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 522,230 N/A 522,230 522,230
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,491,880 N/A 5,491,880 5,491,880
D2 - FARM & RANCH IMP 1,861,140 N/A 1,861,140 1,861,140
E - NON-AG LAND AND IMPROVEMENTS 22,129,520 N/A 22,129,520 22,129,520
F1 - COMMERCIAL REAL 61,830 N/A 61,830 61,830
F2 - INDUSTRIAL REAL 594,650 N/A 594,650 594,650
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 5,775,180 N/A 5,775,180 5,775,180
L1 - COMMERCIAL PERSONAL 189,410 N/A 189,410 189,410
L2 - INDUSTRIAL PERSONAL 2,337,400 N/A 2,337,400 2,337,400
M1 - MOBILE HOMES 665,140 N/A 665,140 665,140
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 48,835,070 0 48,835,070 48,835,070
Less Total Deductions 7,225,475 0 7,225,475 7,225,475
Total Taxable Value 41,609,595 0 41,609,595 41,609,595

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's office 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 school 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 42,995,364 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 41,609,595 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 42,995,364 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 41,609,595 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 42,995,364 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 41,609,595 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 42,995,364 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 41,609,595 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,385,769 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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


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109-914-02/Penelope ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 9,206,690 N/A 9,206,690 9,206,690
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 522,230 N/A 522,230 522,230
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,491,880 N/A 5,491,880 5,491,880
D2 - FARM & RANCH IMP 1,861,140 N/A 1,861,140 1,861,140
E - NON-AG LAND AND IMPROVEMENTS 22,129,520 N/A 22,129,520 22,129,520
F1 - COMMERCIAL REAL 61,830 N/A 61,830 61,830
F2 - INDUSTRIAL REAL 594,650 N/A 594,650 594,650
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 5,775,180 N/A 5,775,180 5,775,180
L1 - COMMERCIAL PERSONAL 189,410 N/A 189,410 189,410
L2 - INDUSTRIAL PERSONAL 2,337,400 N/A 2,337,400 2,337,400
M1 - MOBILE HOMES 665,140 N/A 665,140 665,140
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 48,835,070 48,835,070 48,835,070
Less Total Deductions 7,225,475 7,225,475 7,225,475
Total Taxable Value 41,609,595 41,609,595 41,609,595

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's office 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 school 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 42,995,364 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 41,609,595 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 42,995,364 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 41,609,595 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 42,995,364 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 41,609,595 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 42,995,364 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 41,609,595 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,385,769 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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