taxes Property Tax Assistance

2018 ISD Summary Worksheet

113-Houston

113-903/Lovelady ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	28,621,960	0.8523	33,582,025	28,621,960
B. MULTIFAMILY RESIDENCES	231,030	N/A	231,030	231,030
C1. VACANT LOTS	1,630,570	N/A	1,630,570	1,630,570
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	24,126,300	0.9709	24,848,512	24,126,300
D2. REAL PROP:FARM & RANCH	11,857,780	N/A	11,857,780	11,857,780
E. REAL PROP NONQUAL ACREAGE	81,589,250	0.8336	97,875,780	81,589,250
F1. COMMERCIAL REAL	3,569,040	N/A	3,569,040	3,569,040
F2. INDUSTRIAL REAL	592,250	N/A	592,250	592,250
G. OIL,GAS,MINERALS	25,729,540	1.0017	25,685,874	25,729,540
J. UTILITIES	90,908,370	0.8609	105,596,899	90,908,370
L1. COMMERCIAL PERSONAL	3,046,880	N/A	3,046,880	3,046,880
L2. INDUSTRIAL PERSONAL	4,757,510	N/A	4,757,510	4,757,510
M. MOBILE HOMES	7,835,990	N/A	7,835,990	7,835,990
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	284,496,470	0	321,110,140	284,496,470
Less Total Deductions	29,363,430	0	34,195,563	29,363,430
Total Taxable Value	255,133,040	0	286,914,577	255,133,040

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
261,732,910	255,133,040	261,732,910	255,133,040

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
6,599,870	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
261,732,910	255,133,040	261,732,910	255,133,040

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

113-903-02/Lovelady ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	28,621,960	0.8523	33,582,025	28,621,960
B. MULTIFAMILY RESIDENCES	231,030	N/A	231,030	231,030
C1. VACANT LOTS	1,630,570	N/A	1,630,570	1,630,570
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	24,126,300	0.9709	24,848,512	24,126,300
D2. REAL PROP:FARM & RANCH	11,857,780	N/A	11,857,780	11,857,780
E. REAL PROP NONQUAL ACREAGE	81,589,250	0.8336	97,875,780	81,589,250
F1. COMMERCIAL REAL	3,569,040	N/A	3,569,040	3,569,040
F2. INDUSTRIAL REAL	592,250	N/A	592,250	592,250
G. OIL,GAS,MINERALS	25,729,540	1.0017	25,685,874	25,729,540
J. UTILITIES	90,908,370	0.8609	105,596,899	90,908,370
L1. COMMERCIAL PERSONAL	3,046,880	N/A	3,046,880	3,046,880
L2. INDUSTRIAL PERSONAL	4,757,510	N/A	4,757,510	4,757,510
M. MOBILE HOMES	7,835,990	N/A	7,835,990	7,835,990
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	0	N/A	0	0
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	284,496,470		321,110,140	284,496,470
Less Total Deductions	29,363,430		34,195,563	29,363,430
Total Taxable Value	255,133,040		286,914,577	255,133,040

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
261,732,910	255,133,040	261,732,910	255,133,040

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
6,599,870	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
261,732,910	255,133,040	261,732,910	255,133,040

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