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ceiling reduction
2019 ISD Summary Worksheet
077-Floyd
077-902/Lockney ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 28,157,340 | 0.9182 | 30,665,803 | 28,157,340 |
| B. MULTIFAMILY RESIDENCES | 122,940 | N/A | 122,940 | 122,940 |
| C1. VACANT LOTS | 299,490 | N/A | 299,490 | 299,490 |
| D1. QUALIFIED AG LAND | 33,753,610 | 1.3584 | 24,847,939 | 33,753,610 |
| D2. REAL PROP:FARM & RANCH | 1,205,180 | N/A | 1,205,180 | 1,205,180 |
| E. REAL PROP NONQUAL ACREAGE | 12,195,040 | 0.8608 | 14,167,100 | 12,195,040 |
| F1. COMMERCIAL REAL | 3,280,875 | N/A | 3,280,875 | 3,280,875 |
| F2. INDUSTRIAL REAL | 304,837,210 | N/A | 304,837,210 | 304,837,210 |
| J. UTILITIES | 18,020,950 | 0.9763 | 18,458,414 | 18,020,950 |
| L1. COMMERCIAL PERSONAL | 4,585,660 | 1.0172 | 4,508,120 | 4,585,660 |
| L2. INDUSTRIAL PERSONAL | 15,345,660 | N/A | 15,345,660 | 15,345,660 |
| M. MOBILE HOMES | 152,630 | N/A | 152,630 | 152,630 |
| Subtotal | 421,956,585 | 0 | 417,891,361 | 421,956,585 |
| Less Total Deductions | 137,615,137 | 0 | 138,749,916 | 137,615,137 |
| Total Taxable Value | 284,341,448 | 0 | 279,141,445 | 284,341,448 |
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 |
|---|---|---|---|
| 288,376,797 | 284,341,448 | 288,376,797 | 284,341,448 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 4,035,349 | 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 |
|---|---|---|---|
| 409,315,677 | 405,280,328 | 409,315,677 | 405,280,328 |
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 LOCAL VALUE IS GREATER THAN PTAD VALUE
077-902-02/Lockney ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 28,157,340 | 0.9182 | 30,665,803 | 28,157,340 |
| B. MULTIFAMILY RESIDENCES | 122,940 | N/A | 122,940 | 122,940 |
| C1. VACANT LOTS | 299,490 | N/A | 299,490 | 299,490 |
| D1. QUALIFIED AG LAND | 33,753,610 | 1.3584 | 24,847,939 | 33,753,610 |
| D2. REAL PROP:FARM & RANCH | 1,205,180 | N/A | 1,205,180 | 1,205,180 |
| E. REAL PROP NONQUAL ACREAGE | 12,195,040 | 0.8608 | 14,167,100 | 12,195,040 |
| F1. COMMERCIAL REAL | 3,280,875 | N/A | 3,280,875 | 3,280,875 |
| F2. INDUSTRIAL REAL | 304,837,210 | N/A | 304,837,210 | 304,837,210 |
| J. UTILITIES | 18,020,950 | 0.9763 | 18,458,414 | 18,020,950 |
| L1. COMMERCIAL PERSONAL | 4,585,660 | 1.0172 | 4,508,120 | 4,585,660 |
| L2. INDUSTRIAL PERSONAL | 15,345,660 | N/A | 15,345,660 | 15,345,660 |
| M. MOBILE HOMES | 152,630 | N/A | 152,630 | 152,630 |
| Subtotal | 421,956,585 | 417,891,361 | 421,956,585 | |
| Less Total Deductions | 137,615,137 | 138,749,916 | 137,615,137 | |
| Total Taxable Value | 284,341,448 | 279,141,445 | 284,341,448 |
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 |
|---|---|---|---|
| 288,376,797 | 284,341,448 | 288,376,797 | 284,341,448 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 4,035,349 | 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 |
|---|---|---|---|
| 409,315,677 | 405,280,328 | 409,315,677 | 405,280,328 |
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