taxes Property Tax Assistance

2020 ISD Summary Worksheet

109-Hill /Hill County

109-914/Penelope ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	8,482,030	0.9403	9,020,557	8,482,030
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	318,740	N/A	318,740	318,740
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,423,300	1.4985	3,619,108	5,423,300
D2 - FARM & RANCH IMP	1,687,700	0.9955	1,695,329	1,687,700
E - NON-AG LAND AND IMPROVEMENTS	20,845,740	0.9980	20,887,515	20,845,740
F1 - COMMERCIAL REAL	60,487	N/A	60,487	60,487
F2 - INDUSTRIAL REAL	554,070	N/A	554,070	554,070
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	5,879,840	0.8751	6,719,049	5,879,840
L1 - COMMERCIAL PERSONAL	173,860	N/A	173,860	173,860
L2 - INDUSTRIAL PERSONAL	2,427,730	N/A	2,427,730	2,427,730
M1 - MOBILE HOMES	754,970	N/A	754,970	754,970
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	46,608,467	0	46,231,415	46,608,467
Less Total Deductions	6,855,237	0	7,318,717	6,855,237
Total Taxable Value	39,753,230	0	38,912,698	39,753,230

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
41,085,620	39,753,230	41,085,620	39,753,230

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
1,332,390	0

T1 = School district taxable value for M & O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the additional $10,000 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

Value Taxable For I & S Purposes

T7	T8	T9	T10
41,085,620	39,753,230	41,085,620	39,753,230

T7 = School district taxable value for I & S purposes before the loss to the additional $10, 000 homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the additional $10, 000 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

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

109-914-02/Penelope ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	8,482,030	0.9403	9,020,557	8,482,030
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	318,740	N/A	318,740	318,740
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,423,300	1.4985	3,619,108	5,423,300
D2 - FARM & RANCH IMP	1,687,700	0.9955	1,695,329	1,687,700
E - NON-AG LAND AND IMPROVEMENTS	20,845,740	0.9980	20,887,515	20,845,740
F1 - COMMERCIAL REAL	60,487	N/A	60,487	60,487
F2 - INDUSTRIAL REAL	554,070	N/A	554,070	554,070
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	5,879,840	0.8751	6,719,049	5,879,840
L1 - COMMERCIAL PERSONAL	173,860	N/A	173,860	173,860
L2 - INDUSTRIAL PERSONAL	2,427,730	N/A	2,427,730	2,427,730
M1 - MOBILE HOMES	754,970	N/A	754,970	754,970
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	46,608,467		46,231,415	46,608,467
Less Total Deductions	6,855,237		7,318,717	6,855,237
Total Taxable Value	39,753,230		38,912,698	39,753,230

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
41,085,620	39,753,230	41,085,620	39,753,230

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
1,332,390	0

T1 = School district taxable value for M & O purposes before the loss to the additional $10, 000 homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the additional $10, 000 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

Value Taxable For I & S Purposes

T7	T8	T9	T10
41,085,620	39,753,230	41,085,620	39,753,230

T7 = School district taxable value for I & S purposes before the loss to the additional $10, 000 homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the additional $10, 000 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