taxes Property Tax Assistance

2025 ISD Summary Worksheet

Penelope ISD (all splits)   Hill County  

109-Hill/Hill County

109-914/Penelope ISD

Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 15,426,660 N/A 15,426,660 15,426,660
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 542,290 N/A 542,290 542,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,085,550 N/A 5,085,550 5,085,550
D2 - FARM & RANCH IMP 2,995,910 N/A 2,995,910 2,995,910
E - NON-AG LAND AND IMPROVEMENTS 49,539,020 N/A 49,539,020 49,539,020
F1 - COMMERCIAL REAL 277,240 N/A 277,240 277,240
F2 - INDUSTRIAL REAL 103,891,650 N/A 103,891,650 103,891,650
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 7,730,790 N/A 7,730,790 7,730,790
L1 - COMMERCIAL PERSONAL 217,410 N/A 217,410 217,410
L2 - INDUSTRIAL PERSONAL 4,481,100 N/A 4,481,100 4,481,100
M1 - MOBILE HOMES 1,068,880 N/A 1,068,880 1,068,880
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 191,256,500 0 191,256,500 191,256,500
Less Total Deductions 28,667,616 0 28,667,616 28,667,616
Total Taxable Value 162,588,884 0 162,588,884 162,588,884

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 167,189,372 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 162,588,884 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 167,189,372 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 162,588,884 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 176,998,067 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 180,104,637 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 163,100,017 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
T19 182,256,657 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 163,979,243 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 167,189,372 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 162,588,884 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 167,189,372 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 162,588,884 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 176,998,067 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 180,104,637 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 163,100,017 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss
T20 182,256,657 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 163,979,243 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 4,600,488 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 9,808,695 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 3,106,570 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 2,152,020 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 1,390,359 Loss to the increase in the Over-65/Disabled Homestead

THE SDPVS 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 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 15,426,660 N/A 15,426,660 15,426,660
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 542,290 N/A 542,290 542,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,085,550 N/A 5,085,550 5,085,550
D2 - FARM & RANCH IMP 2,995,910 N/A 2,995,910 2,995,910
E - NON-AG LAND AND IMPROVEMENTS 49,539,020 N/A 49,539,020 49,539,020
F1 - COMMERCIAL REAL 277,240 N/A 277,240 277,240
F2 - INDUSTRIAL REAL 103,891,650 N/A 103,891,650 103,891,650
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 7,730,790 N/A 7,730,790 7,730,790
L1 - COMMERCIAL PERSONAL 217,410 N/A 217,410 217,410
L2 - INDUSTRIAL PERSONAL 4,481,100 N/A 4,481,100 4,481,100
M1 - MOBILE HOMES 1,068,880 N/A 1,068,880 1,068,880
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 191,256,500 191,256,500 191,256,500
Less Total Deductions 28,667,616 28,667,616 28,667,616
Total Taxable Value 162,588,884 162,588,884 162,588,884

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 167,189,372 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 162,588,884 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 167,189,372 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 162,588,884 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 176,998,067 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 180,104,637 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 163,100,017 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
T19 182,256,657 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 163,979,243 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 167,189,372 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 162,588,884 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 167,189,372 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 162,588,884 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 176,998,067 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 180,104,637 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 163,100,017 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss
T20 182,256,657 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 163,979,243 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 4,600,488 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 9,808,695 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 3,106,570 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 2,152,020 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 1,390,359 Loss to the increase in the Over-65/Disabled Homestead

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