taxes Property Tax Assistance

2020 ISD Summary Worksheet

148-Lipscomb /Lipscomb County

148-902/Follett ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 8,633,290 0.8959 9,636,444 8,633,290
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 73,810 N/A 73,810 73,810
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,807,413 1.1955 10,713,366 12,807,413
D2 - FARM & RANCH IMP 3,046,400 N/A 3,046,400 3,046,400
E - NON-AG LAND AND IMPROVEMENTS 4,246,390 N/A 4,246,390 4,246,390
F1 - COMMERCIAL REAL 1,481,000 N/A 1,481,000 1,481,000
F2 - INDUSTRIAL REAL 304,110 N/A 304,110 304,110
G - ALL MINERALS 46,317,637 1.0092 45,895,399 46,317,637
J - ALL UTILITIES 15,175,150 N/A 15,175,150 15,175,150
L1 - COMMERCIAL PERSONAL 1,040,614 N/A 1,040,614 1,040,614
L2 - INDUSTRIAL PERSONAL 604,805 N/A 604,805 604,805
M1 - MOBILE HOMES 175,700 N/A 175,700 175,700
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 93,906,319 0 92,393,188 93,906,319
Less Total Deductions 4,802,164 0 5,253,331 4,802,164
Total Taxable Value 89,104,155 0 87,139,857 89,104,155

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

T1 T2 T3 T4
90,306,965 89,104,155 90,306,965 89,104,155


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,202,810 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
90,306,965 89,104,155 90,306,965 89,104,155

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

148-902-02/Follett ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 8,633,290 0.8959 9,636,444 8,633,290
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 73,810 N/A 73,810 73,810
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,807,413 1.1955 10,713,366 12,807,413
D2 - FARM & RANCH IMP 3,046,400 N/A 3,046,400 3,046,400
E - NON-AG LAND AND IMPROVEMENTS 4,246,390 N/A 4,246,390 4,246,390
F1 - COMMERCIAL REAL 1,481,000 N/A 1,481,000 1,481,000
F2 - INDUSTRIAL REAL 304,110 N/A 304,110 304,110
G - ALL MINERALS 46,317,637 1.0092 45,895,399 46,317,637
J - ALL UTILITIES 15,175,150 N/A 15,175,150 15,175,150
L1 - COMMERCIAL PERSONAL 1,040,614 N/A 1,040,614 1,040,614
L2 - INDUSTRIAL PERSONAL 604,805 N/A 604,805 604,805
M1 - MOBILE HOMES 175,700 N/A 175,700 175,700
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 93,906,319 92,393,188 93,906,319
Less Total Deductions 4,802,164 5,253,331 4,802,164
Total Taxable Value 89,104,155 87,139,857 89,104,155

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

T1 T2 T3 T4
90,306,965 89,104,155 90,306,965 89,104,155


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
1,202,810 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
90,306,965 89,104,155 90,306,965 89,104,155

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