taxes Property Tax Assistance

2022 ISD Summary Worksheet

Penelope ISD (all splits)   Hill County  

109-Hill/Hill County

109-914/Penelope ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 11,898,500 0.8727 13,634,124 11,898,500
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 528,950 N/A 528,950 528,950
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,233,490 1.3237 3,953,677 5,233,490
D2 - FARM & RANCH IMP 2,229,180 N/A 2,229,180 2,229,180
E - NON-AG LAND AND IMPROVEMENTS 25,050,970 0.9118 27,474,194 25,050,970
F1 - COMMERCIAL REAL 68,230 N/A 68,230 68,230
F2 - INDUSTRIAL REAL 19,016,320 N/A 19,016,320 19,016,320
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 6,499,910 0.9256 7,022,375 6,499,910
L1 - COMMERCIAL PERSONAL 178,850 N/A 178,850 178,850
L2 - INDUSTRIAL PERSONAL 4,582,920 N/A 4,582,920 4,582,920
M1 - MOBILE HOMES 752,520 N/A 752,520 752,520
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 76,039,840 0 79,441,340 76,039,840
Less Total Deductions 11,259,429 0 12,705,977 11,259,429
Total Taxable Value 64,780,411 0 66,735,363 64,780,411

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 66,645,283 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 64,780,411 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 66,645,283 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 64,780,411 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 68,815,283 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 66,645,283 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 64,780,411 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 66,645,283 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 64,780,411 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 68,815,283 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,864,872 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
LOSS_PREV_INCR_HMSTD 2,170,000 Loss to the second most recent increase in the state-mandated homestead exemption

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


Back to top


109-914-02/Penelope ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 11,898,500 0.8727 13,634,124 11,898,500
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 528,950 N/A 528,950 528,950
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,233,490 1.3237 3,953,677 5,233,490
D2 - FARM & RANCH IMP 2,229,180 N/A 2,229,180 2,229,180
E - NON-AG LAND AND IMPROVEMENTS 25,050,970 0.9118 27,474,194 25,050,970
F1 - COMMERCIAL REAL 68,230 N/A 68,230 68,230
F2 - INDUSTRIAL REAL 19,016,320 N/A 19,016,320 19,016,320
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 6,499,910 0.9256 7,022,375 6,499,910
L1 - COMMERCIAL PERSONAL 178,850 N/A 178,850 178,850
L2 - INDUSTRIAL PERSONAL 4,582,920 N/A 4,582,920 4,582,920
M1 - MOBILE HOMES 752,520 N/A 752,520 752,520
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 76,039,840 79,441,340 76,039,840
Less Total Deductions 11,259,429 12,705,977 11,259,429
Total Taxable Value 64,780,411 66,735,363 64,780,411

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 66,645,283 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 64,780,411 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 66,645,283 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 64,780,411 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 68,815,283 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 66,645,283 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 64,780,411 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 66,645,283 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 64,780,411 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 68,815,283 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,864,872 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
LOSS_PREV_INCR_HMSTD 2,170,000 Loss to the second most recent increase in the state-mandated homestead exemption

Back to top