taxes Property Tax Assistance

2023 ISD Summary Worksheet

Penelope ISD (all splits)   Hill County  

109-Hill/Hill County

109-914/Penelope ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 12,983,950 N/A 12,983,950 12,983,950
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 630,420 N/A 630,420 630,420
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,164,210 N/A 5,164,210 5,164,210
D2 - FARM & RANCH IMP 2,197,180 N/A 2,197,180 2,197,180
E - NON-AG LAND AND IMPROVEMENTS 32,964,850 N/A 32,964,850 32,964,850
F1 - COMMERCIAL REAL 326,160 N/A 326,160 326,160
F2 - INDUSTRIAL REAL 17,751,820 N/A 17,751,820 17,751,820
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 7,228,470 N/A 7,228,470 7,228,470
L1 - COMMERCIAL PERSONAL 223,580 N/A 223,580 223,580
L2 - INDUSTRIAL PERSONAL 4,567,360 N/A 4,567,360 4,567,360
M1 - MOBILE HOMES 907,050 N/A 907,050 907,050
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 84,945,050 0 84,945,050 84,945,050
Less Total Deductions 19,537,895 0 19,537,895 19,537,895
Total Taxable Value 65,407,155 0 65,407,155 65,407,155

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

Measure Value Description
T1 71,692,209 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 65,407,155 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 71,692,209 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 65,407,155 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 75,082,209 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 77,342,209 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 66,978,828 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 71,692,209 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 65,407,155 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 71,692,209 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 65,407,155 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 75,082,209 T13 plus the loss to the chapter 313 agreement
T16 77,342,209 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 66,978,828 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 6,285,054 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 3,390,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 2,260,000 Loss to Second Previous Homestead Increase

THE PVS 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 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 12,983,950 N/A 12,983,950 12,983,950
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 630,420 N/A 630,420 630,420
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,164,210 N/A 5,164,210 5,164,210
D2 - FARM & RANCH IMP 2,197,180 N/A 2,197,180 2,197,180
E - NON-AG LAND AND IMPROVEMENTS 32,964,850 N/A 32,964,850 32,964,850
F1 - COMMERCIAL REAL 326,160 N/A 326,160 326,160
F2 - INDUSTRIAL REAL 17,751,820 N/A 17,751,820 17,751,820
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 7,228,470 N/A 7,228,470 7,228,470
L1 - COMMERCIAL PERSONAL 223,580 N/A 223,580 223,580
L2 - INDUSTRIAL PERSONAL 4,567,360 N/A 4,567,360 4,567,360
M1 - MOBILE HOMES 907,050 N/A 907,050 907,050
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 84,945,050 84,945,050 84,945,050
Less Total Deductions 19,537,895 19,537,895 19,537,895
Total Taxable Value 65,407,155 65,407,155 65,407,155

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

Measure Value Description
T1 71,692,209 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 65,407,155 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 71,692,209 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 65,407,155 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 75,082,209 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 77,342,209 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 66,978,828 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 71,692,209 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 65,407,155 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 71,692,209 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 65,407,155 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 75,082,209 T13 plus the loss to the chapter 313 agreement
T16 77,342,209 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 66,978,828 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 6,285,054 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 3,390,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 2,260,000 Loss to Second Previous Homestead Increase

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