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ceiling reduction
2019 ISD Summary Worksheet
113-Houston
113-903/Lovelady ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 34,851,530 | 0.9404 | 37,060,325 | 34,851,530 |
| B. MULTIFAMILY RESIDENCES | 272,160 | N/A | 272,160 | 272,160 |
| C1. VACANT LOTS | 1,686,580 | N/A | 1,686,580 | 1,686,580 |
| D1. QUALIFIED AG LAND | 25,986,147 | 1.0104 | 25,718,172 | 25,986,147 |
| D2. REAL PROP:FARM & RANCH | 12,419,590 | N/A | 12,419,590 | 12,419,590 |
| E. REAL PROP NONQUAL ACREAGE | 94,720,110 | 0.9240 | 102,510,942 | 94,720,110 |
| F1. COMMERCIAL REAL | 3,691,990 | N/A | 3,691,990 | 3,691,990 |
| F2. INDUSTRIAL REAL | 589,530 | N/A | 589,530 | 589,530 |
| G. OIL,GAS,MINERALS | 50,875,520 | 0.9972 | 51,018,371 | 50,875,520 |
| J. UTILITIES | 88,605,910 | 0.9104 | 97,326,351 | 88,605,910 |
| L1. COMMERCIAL PERSONAL | 2,761,150 | N/A | 2,761,150 | 2,761,150 |
| L2. INDUSTRIAL PERSONAL | 3,874,350 | N/A | 3,874,350 | 3,874,350 |
| M. MOBILE HOMES | 8,060,900 | N/A | 8,060,900 | 8,060,900 |
| Subtotal | 328,395,467 | 0 | 346,990,411 | 328,395,467 |
| Less Total Deductions | 35,286,669 | 0 | 37,608,952 | 35,286,669 |
| Total Taxable Value | 293,108,798 | 0 | 309,381,459 | 293,108,798 |
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 |
|---|---|---|---|
| 299,782,748 | 293,108,798 | 299,782,748 | 293,108,798 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 6,673,950 | 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 |
|---|---|---|---|
| 299,782,748 | 293,108,798 | 299,782,748 | 293,108,798 |
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
113-903-02/Lovelady ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 34,851,530 | 0.9404 | 37,060,325 | 34,851,530 |
| B. MULTIFAMILY RESIDENCES | 272,160 | N/A | 272,160 | 272,160 |
| C1. VACANT LOTS | 1,686,580 | N/A | 1,686,580 | 1,686,580 |
| D1. QUALIFIED AG LAND | 25,986,147 | 1.0104 | 25,718,172 | 25,986,147 |
| D2. REAL PROP:FARM & RANCH | 12,419,590 | N/A | 12,419,590 | 12,419,590 |
| E. REAL PROP NONQUAL ACREAGE | 94,720,110 | 0.9240 | 102,510,942 | 94,720,110 |
| F1. COMMERCIAL REAL | 3,691,990 | N/A | 3,691,990 | 3,691,990 |
| F2. INDUSTRIAL REAL | 589,530 | N/A | 589,530 | 589,530 |
| G. OIL,GAS,MINERALS | 50,875,520 | 0.9972 | 51,018,371 | 50,875,520 |
| J. UTILITIES | 88,605,910 | 0.9104 | 97,326,351 | 88,605,910 |
| L1. COMMERCIAL PERSONAL | 2,761,150 | N/A | 2,761,150 | 2,761,150 |
| L2. INDUSTRIAL PERSONAL | 3,874,350 | N/A | 3,874,350 | 3,874,350 |
| M. MOBILE HOMES | 8,060,900 | N/A | 8,060,900 | 8,060,900 |
| Subtotal | 328,395,467 | 346,990,411 | 328,395,467 | |
| Less Total Deductions | 35,286,669 | 37,608,952 | 35,286,669 | |
| Total Taxable Value | 293,108,798 | 309,381,459 | 293,108,798 |
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 |
|---|---|---|---|
| 299,782,748 | 293,108,798 | 299,782,748 | 293,108,798 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 6,673,950 | 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 |
|---|---|---|---|
| 299,782,748 | 293,108,798 | 299,782,748 | 293,108,798 |
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 taxceiling 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