taxes Property Tax Assistance

2018 ISD Summary Worksheet

140-Lamb

140-904/Littlefield ISD

Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES 106,973,069 0.8594 124,474,132 124,474,132
B. MULTIFAMILY RESIDENCES 3,058,530 N/A 3,058,530 3,058,530
C1. VACANT LOTS 1,140,760 N/A 1,140,760 1,140,760
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 26,993,105 1.4606 18,481,461 18,481,461
D2. REAL PROP:FARM & RANCH 1,482,310 N/A 1,482,310 1,482,310
E. REAL PROP NONQUAL ACREAGE 16,658,328 0.7994 20,838,539 20,838,539
F1. COMMERCIAL REAL 23,589,477 0.8324 28,339,112 28,339,112
F2. INDUSTRIAL REAL 58,323,340 N/A 58,323,340 58,323,340
G. OIL,GAS,MINERALS 3,709,650 N/A 3,709,650 3,709,650
J. UTILITIES 28,330,641 0.9537 29,706,030 29,706,030
L1. COMMERCIAL PERSONAL 13,971,500 1.0193 13,706,956 13,706,956
L2. INDUSTRIAL PERSONAL 7,613,540 N/A 7,613,540 7,613,540
M. MOBILE HOMES 980,370 N/A 980,370 980,370
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 25,520 N/A 25,520 25,520
S. SPECIAL INVENTORY 2,692,520 N/A 2,692,520 2,692,520
Subtotal 295,542,660 0 314,572,770 314,572,770
Less Total Deductions 40,727,598 0 45,674,147 45,674,147
Total Taxable Value 254,815,062 0 268,898,623 268,898,623

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
277,663,008 268,898,623 277,663,008 268,898,623


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,764,385 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
277,663,008 268,898,623 277,663,008 268,898,623

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 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 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES 106,973,069 0.8594 124,474,132 124,474,132
B. MULTIFAMILY RESIDENCES 3,058,530 N/A 3,058,530 3,058,530
C1. VACANT LOTS 1,140,760 N/A 1,140,760 1,140,760
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 26,993,105 1.4606 18,481,461 18,481,461
D2. REAL PROP:FARM & RANCH 1,482,310 N/A 1,482,310 1,482,310
E. REAL PROP NONQUAL ACREAGE 16,658,328 0.7994 20,838,539 20,838,539
F1. COMMERCIAL REAL 23,589,477 0.8324 28,339,112 28,339,112
F2. INDUSTRIAL REAL 58,323,340 N/A 58,323,340 58,323,340
G. OIL,GAS,MINERALS 3,709,650 N/A 3,709,650 3,709,650
J. UTILITIES 28,330,641 0.9537 29,706,030 29,706,030
L1. COMMERCIAL PERSONAL 13,971,500 1.0193 13,706,956 13,706,956
L2. INDUSTRIAL PERSONAL 7,613,540 N/A 7,613,540 7,613,540
M. MOBILE HOMES 980,370 N/A 980,370 980,370
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 25,520 N/A 25,520 25,520
S. SPECIAL INVENTORY 2,692,520 N/A 2,692,520 2,692,520
Subtotal 295,542,660 314,572,770 314,572,770
Less Total Deductions 40,727,598 45,674,147 45,674,147
Total Taxable Value 254,815,062 268,898,623 268,898,623

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
277,663,008 268,898,623 277,663,008 268,898,623


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
8,764,385 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
277,663,008 268,898,623 277,663,008 268,898,623

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