taxes Property Tax Assistance

2022 ISD Summary Worksheet

140-Lamb /Lamb County

140-904/Littlefield ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	147,921,150	0.7560	195,662,897	195,662,897
B - MULTIFAMILY	3,443,650	N/A	3,443,650	3,443,650
C1 - VACANT LOTS	1,223,540	N/A	1,223,540	1,223,540
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	22,624,213	1.3031	17,361,289	17,361,289
D2 - FARM & RANCH IMP	1,466,020	N/A	1,466,020	1,466,020
E - NON-AG LAND AND IMPROVEMENTS	20,574,910	0.6741	30,522,044	30,522,044
F1 - COMMERCIAL REAL	30,219,441	0.8885	34,011,751	34,011,751
F2 - INDUSTRIAL REAL	220,171,180	N/A	220,171,180	220,171,180
G - ALL MINERALS	5,230,530	N/A	5,230,530	5,230,530
J - ALL UTILITIES	41,724,201	0.9053	46,088,811	46,088,811
L1 - COMMERCIAL PERSONAL	13,309,310	0.9858	13,501,025	13,501,025
L2 - INDUSTRIAL PERSONAL	18,627,180	N/A	18,627,180	18,627,180
M1 - MOBILE HOMES	1,726,980	N/A	1,726,980	1,726,980
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	8,870	N/A	8,870	8,870
S - SPECIAL INVENTORY	543,190	N/A	543,190	543,190
Subtotal	528,814,365	0	589,588,957	589,588,957
Less Total Deductions	263,993,518	0	280,361,553	280,361,553
Total Taxable Value	264,820,847	0	309,227,404	309,227,404

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
318,762,905	309,227,404	318,762,905	309,227,404	332,712,905

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
9,535,501	0	13,950,000

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
494,913,865	485,378,364	494,913,865	485,378,364	508,863,865

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

140-904-02/Littlefield ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	147,921,150	0.7560	195,662,897	195,662,897
B - MULTIFAMILY	3,443,650	N/A	3,443,650	3,443,650
C1 - VACANT LOTS	1,223,540	N/A	1,223,540	1,223,540
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	22,624,213	1.3031	17,361,289	17,361,289
D2 - FARM & RANCH IMP	1,466,020	N/A	1,466,020	1,466,020
E - NON-AG LAND AND IMPROVEMENTS	20,574,910	0.6741	30,522,044	30,522,044
F1 - COMMERCIAL REAL	30,219,441	0.8885	34,011,751	34,011,751
F2 - INDUSTRIAL REAL	220,171,180	N/A	220,171,180	220,171,180
G - ALL MINERALS	5,230,530	N/A	5,230,530	5,230,530
J - ALL UTILITIES	41,724,201	0.9053	46,088,811	46,088,811
L1 - COMMERCIAL PERSONAL	13,309,310	0.9858	13,501,025	13,501,025
L2 - INDUSTRIAL PERSONAL	18,627,180	N/A	18,627,180	18,627,180
M1 - MOBILE HOMES	1,726,980	N/A	1,726,980	1,726,980
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	8,870	N/A	8,870	8,870
S - SPECIAL INVENTORY	543,190	N/A	543,190	543,190
Subtotal	528,814,365		589,588,957	589,588,957
Less Total Deductions	263,993,518		280,361,553	280,361,553
Total Taxable Value	264,820,847		309,227,404	309,227,404

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
318,762,905	309,227,404	318,762,905	309,227,404	332,712,905

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
9,535,501	0	13,950,000

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
494,913,865	485,378,364	494,913,865	485,378,364	508,863,865

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