taxes Property Tax Assistance

2019 ISD Summary Worksheet

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	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		13,319,581	13,319,581
Less Total Deductions	852,800		852,800	852,800
Total Taxable Value	12,466,781		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