taxes Property Tax Assistance

2019 ISD Summary Worksheet

054-Crosby

054-902/Lorenzo ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 18,707,552 1.0247 18,256,614 18,707,552
B. MULTIFAMILY RESIDENCES 246,966 N/A 246,966 246,966
C1. VACANT LOTS 303,420 N/A 303,420 303,420
D1. QUALIFIED AG LAND 34,926,450 0.9500 36,766,472 34,926,450
D2. REAL PROP:FARM & RANCH 1,303,569 N/A 1,303,569 1,303,569
E. REAL PROP NONQUAL ACREAGE 11,931,083 1.0752 11,096,617 11,931,083
F1. COMMERCIAL REAL 2,848,899 N/A 2,848,899 2,848,899
F2. INDUSTRIAL REAL 118,586,650 N/A 118,586,650 118,586,650
G. OIL,GAS,MINERALS 76,961,310 1.0196 75,481,865 76,961,310
J. UTILITIES 6,202,379 N/A 6,202,379 6,202,379
L1. COMMERCIAL PERSONAL 3,534,475 N/A 3,534,475 3,534,475
L2. INDUSTRIAL PERSONAL 12,354,394 N/A 12,354,394 12,354,394
S. SPECIAL INVENTORY 2,487,354 N/A 2,487,354 2,487,354
Subtotal 290,394,501 0 289,469,674 290,394,501
Less Total Deductions 96,626,540 0 96,451,685 96,626,540
Total Taxable Value 193,767,961 0 193,017,989 193,767,961

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
196,039,743 193,767,961 196,039,743 193,767,961


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,271,782 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
283,489,848 281,218,066 283,489,848 281,218,066

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

152-Lubbock

054-902/Lorenzo ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 1,569,850 N/A 1,569,850 1,569,850
B. MULTIFAMILY RESIDENCES 0 N/A 0 0
C1. VACANT LOTS 107,231 N/A 107,231 107,231
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 6,650,869 N/A 6,650,869 6,650,869
D2. REAL PROP:FARM & RANCH 42,946 N/A 42,946 42,946
E. REAL PROP NONQUAL ACREAGE 3,127,429 N/A 3,127,429 3,127,429
F1. COMMERCIAL REAL 503,436 N/A 503,436 503,436
F2. INDUSTRIAL REAL 0 N/A 0 0
G. OIL,GAS,MINERALS 0 N/A 0 0
J. UTILITIES 1,073,160 N/A 1,073,160 1,073,160
L1. COMMERCIAL PERSONAL 95,870 N/A 95,870 95,870
L2. INDUSTRIAL PERSONAL 148,790 N/A 148,790 148,790
M. MOBILE HOMES 0 N/A 0 0
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 13,319,581 0 13,319,581 13,319,581
Less Total Deductions 852,800 0 852,800 852,800
Total Taxable Value 12,466,781 0 12,466,781 12,466,781

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
12,636,781 12,466,781 12,636,781 12,466,781


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
170,000 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
12,636,781 12,466,781 12,636,781 12,466,781

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

054-902-02/Lorenzo ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 20,277,402 1.0227 19,826,464 20,277,402
B. MULTIFAMILY RESIDENCES 246,966 N/A 246,966 246,966
C1. VACANT LOTS 410,651 N/A 410,651 410,651
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 41,577,319 0.9576 43,417,341 41,577,319
D2. REAL PROP:FARM & RANCH 1,346,515 N/A 1,346,515 1,346,515
E. REAL PROP NONQUAL ACREAGE 15,058,512 1.0587 14,224,046 15,058,512
F1. COMMERCIAL REAL 3,352,335 N/A 3,352,335 3,352,335
F2. INDUSTRIAL REAL 118,586,650 N/A 118,586,650 118,586,650
G. OIL,GAS,MINERALS 76,961,310 1.0196 75,481,865 76,961,310
J. UTILITIES 7,275,539 N/A 7,275,539 7,275,539
L1. COMMERCIAL PERSONAL 3,630,345 N/A 3,630,345 3,630,345
L2. INDUSTRIAL PERSONAL 12,503,184 N/A 12,503,184 12,503,184
M. MOBILE HOMES 0 N/A 0 0
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 0 N/A 0 0
S. SPECIAL INVENTORY 2,487,354 N/A 2,487,354 2,487,354
Subtotal 303,714,082 302,789,255 303,714,082
Less Total Deductions 97,479,340 97,304,485 97,479,340
Total Taxable Value 206,234,742 205,484,770 206,234,742

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
208,676,524 206,234,742 208,676,524 206,234,742


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
2,441,782 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
296,126,629 293,684,847 296,126,629 293,684,847

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