taxes Property Tax Assistance

2022 ISD Summary Worksheet

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 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 T13
66,645,283 64,780,411 66,645,283 64,780,411 68,815,283


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
1,864,872 0 2,170,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = 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 = 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
66,645,283 64,780,411 66,645,283 64,780,411 68,815,283

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = 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 = 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

T14 = T13 plus the loss to the chapter 313 agreement

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

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 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 T13
66,645,283 64,780,411 66,645,283 64,780,411 68,815,283


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
1,864,872 0 2,170,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = 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 = 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
66,645,283 64,780,411 66,645,283 64,780,411 68,815,283

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = 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 = 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

T14 = T13 plus the loss to the chapter 313 agreement