taxes Property Tax Assistance

2019 ISD Summary Worksheet

148-Lipscomb

148-903/Higgins ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	7,061,590	N/A	7,061,590	7,061,590
B. MULTIFAMILY RESIDENCES	37,940	N/A	37,940	37,940
C1. VACANT LOTS	176,275	N/A	176,275	176,275
D1. QUALIFIED AG LAND	6,892,792	N/A	6,892,792	6,892,792
D2. REAL PROP:FARM & RANCH	1,165,570	N/A	1,165,570	1,165,570
E. REAL PROP NONQUAL ACREAGE	4,127,050	N/A	4,127,050	4,127,050
F1. COMMERCIAL REAL	1,418,000	N/A	1,418,000	1,418,000
F2. INDUSTRIAL REAL	163,190	N/A	163,190	163,190
G. OIL,GAS,MINERALS	144,493,803	N/A	144,493,803	144,493,803
J. UTILITIES	58,385,230	N/A	58,385,230	58,385,230
L1. COMMERCIAL PERSONAL	562,672	N/A	562,672	562,672
L2. INDUSTRIAL PERSONAL	2,677,920	N/A	2,677,920	2,677,920
M. MOBILE HOMES	276,180	N/A	276,180	276,180
Subtotal	227,438,212	0	227,438,212	227,438,212
Less Total Deductions	4,237,412	0	4,237,412	4,237,412
Total Taxable Value	223,200,800	0	223,200,800	223,200,800

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
224,102,055	223,200,800	224,102,055	223,200,800

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
901,255	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
224,102,055	223,200,800	224,102,055	223,200,800

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

148-903-02/Higgins ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	7,061,590	N/A	7,061,590	7,061,590
B. MULTIFAMILY RESIDENCES	37,940	N/A	37,940	37,940
C1. VACANT LOTS	176,275	N/A	176,275	176,275
D1. QUALIFIED AG LAND	6,892,792	N/A	6,892,792	6,892,792
D2. REAL PROP:FARM & RANCH	1,165,570	N/A	1,165,570	1,165,570
E. REAL PROP NONQUAL ACREAGE	4,127,050	N/A	4,127,050	4,127,050
F1. COMMERCIAL REAL	1,418,000	N/A	1,418,000	1,418,000
F2. INDUSTRIAL REAL	163,190	N/A	163,190	163,190
G. OIL,GAS,MINERALS	144,493,803	N/A	144,493,803	144,493,803
J. UTILITIES	58,385,230	N/A	58,385,230	58,385,230
L1. COMMERCIAL PERSONAL	562,672	N/A	562,672	562,672
L2. INDUSTRIAL PERSONAL	2,677,920	N/A	2,677,920	2,677,920
M. MOBILE HOMES	276,180	N/A	276,180	276,180
Subtotal	227,438,212		227,438,212	227,438,212
Less Total Deductions	4,237,412		4,237,412	4,237,412
Total Taxable Value	223,200,800		223,200,800	223,200,800

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
224,102,055	223,200,800	224,102,055	223,200,800

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
901,255	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
224,102,055	223,200,800	224,102,055	223,200,800

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