taxes Property Tax Assistance

2018 ISD Summary Worksheet

148-Lipscomb

148-902/Follett ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	8,566,640	0.7236	11,838,917	8,566,640
B. MULTIFAMILY RESIDENCES	0	N/A	0	0
C1. VACANT LOTS	74,340	N/A	74,340	74,340
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	12,261,440	1.0295	11,910,499	12,261,440
D2. REAL PROP:FARM & RANCH	3,246,160	N/A	3,246,160	3,246,160
E. REAL PROP NONQUAL ACREAGE	4,129,090	N/A	4,129,090	4,129,090
F1. COMMERCIAL REAL	1,513,420	N/A	1,513,420	1,513,420
F2. INDUSTRIAL REAL	337,490	N/A	337,490	337,490
G. OIL,GAS,MINERALS	90,710,036	0.9884	91,774,622	90,710,036
J. UTILITIES	18,802,490	N/A	18,802,490	18,802,490
L1. COMMERCIAL PERSONAL	1,044,858	N/A	1,044,858	1,044,858
L2. INDUSTRIAL PERSONAL	910,220	N/A	910,220	910,220
M. MOBILE HOMES	185,700	N/A	185,700	185,700
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	141,781,884	0	145,767,806	141,781,884
Less Total Deductions	5,110,072	0	6,684,588	5,110,072
Total Taxable Value	136,671,812	0	139,083,218	136,671,812

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
137,930,012	136,671,812	137,930,012	136,671,812

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
1,258,200	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
137,930,012	136,671,812	137,930,012	136,671,812

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	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	8,566,640	0.7236	11,838,917	8,566,640
B. MULTIFAMILY RESIDENCES	0	N/A	0	0
C1. VACANT LOTS	74,340	N/A	74,340	74,340
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	12,261,440	1.0295	11,910,499	12,261,440
D2. REAL PROP:FARM & RANCH	3,246,160	N/A	3,246,160	3,246,160
E. REAL PROP NONQUAL ACREAGE	4,129,090	N/A	4,129,090	4,129,090
F1. COMMERCIAL REAL	1,513,420	N/A	1,513,420	1,513,420
F2. INDUSTRIAL REAL	337,490	N/A	337,490	337,490
G. OIL,GAS,MINERALS	90,710,036	0.9884	91,774,622	90,710,036
J. UTILITIES	18,802,490	N/A	18,802,490	18,802,490
L1. COMMERCIAL PERSONAL	1,044,858	N/A	1,044,858	1,044,858
L2. INDUSTRIAL PERSONAL	910,220	N/A	910,220	910,220
M. MOBILE HOMES	185,700	N/A	185,700	185,700
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	141,781,884		145,767,806	141,781,884
Less Total Deductions	5,110,072		6,684,588	5,110,072
Total Taxable Value	136,671,812		139,083,218	136,671,812

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
137,930,012	136,671,812	137,930,012	136,671,812

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
1,258,200	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
137,930,012	136,671,812	137,930,012	136,671,812

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