taxes Property Tax Assistance

2021 ISD Summary Worksheet

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 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
42,995,364	41,609,595	42,995,364	41,609,595

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
1,385,769	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
42,995,364	41,609,595	42,995,364	41,609,595

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	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 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
42,995,364	41,609,595	42,995,364	41,609,595

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
1,385,769	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
42,995,364	41,609,595	42,995,364	41,609,595

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