taxes Property Tax Assistance

2020 ISD Summary Worksheet

113-Houston /Houston County

113-903/Lovelady ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 38,245,930 1.0550 36,252,066 38,245,930
B - MULTIFAMILY 274,470 N/A 274,470 274,470
C1 - VACANT LOTS 1,771,290 N/A 1,771,290 1,771,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 25,886,200 0.9956 25,999,925 25,886,200
D2 - FARM & RANCH IMP 13,230,120 N/A 13,230,120 13,230,120
E - NON-AG LAND AND IMPROVEMENTS 105,511,100 0.9262 113,918,268 105,511,100
F1 - COMMERCIAL REAL 4,264,130 N/A 4,264,130 4,264,130
F2 - INDUSTRIAL REAL 204,200 N/A 204,200 204,200
G - ALL MINERALS 35,057,840 1.0018 34,994,849 35,057,840
J - ALL UTILITIES 86,218,050 1.0339 83,391,092 86,218,050
L1 - COMMERCIAL PERSONAL 2,638,760 N/A 2,638,760 2,638,760
L2 - INDUSTRIAL PERSONAL 3,670,050 N/A 3,670,050 3,670,050
M1 - MOBILE HOMES 9,172,760 N/A 9,172,760 9,172,760
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 326,144,900 0 329,781,980 326,144,900
Less Total Deductions 41,826,242 0 39,494,187 41,826,242
Total Taxable Value 284,318,658 0 290,287,793 284,318,658

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
290,954,518 284,318,658 290,954,518 284,318,658


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,635,860 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
290,954,518 284,318,658 290,954,518 284,318,658

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 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 38,245,930 1.0550 36,252,066 38,245,930
B - MULTIFAMILY 274,470 N/A 274,470 274,470
C1 - VACANT LOTS 1,771,290 N/A 1,771,290 1,771,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 25,886,200 0.9956 25,999,925 25,886,200
D2 - FARM & RANCH IMP 13,230,120 N/A 13,230,120 13,230,120
E - NON-AG LAND AND IMPROVEMENTS 105,511,100 0.9262 113,918,268 105,511,100
F1 - COMMERCIAL REAL 4,264,130 N/A 4,264,130 4,264,130
F2 - INDUSTRIAL REAL 204,200 N/A 204,200 204,200
G - ALL MINERALS 35,057,840 1.0018 34,994,849 35,057,840
J - ALL UTILITIES 86,218,050 1.0339 83,391,092 86,218,050
L1 - COMMERCIAL PERSONAL 2,638,760 N/A 2,638,760 2,638,760
L2 - INDUSTRIAL PERSONAL 3,670,050 N/A 3,670,050 3,670,050
M1 - MOBILE HOMES 9,172,760 N/A 9,172,760 9,172,760
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 326,144,900 329,781,980 326,144,900
Less Total Deductions 41,826,242 39,494,187 41,826,242
Total Taxable Value 284,318,658 290,287,793 284,318,658

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
290,954,518 284,318,658 290,954,518 284,318,658


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
6,635,860 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
290,954,518 284,318,658 290,954,518 284,318,658

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