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