taxes Property Tax Assistance

2020 ISD Summary Worksheet

140-Lamb /Lamb County

140-904/Littlefield ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 113,841,889 0.8336 136,566,565 136,566,565
B - MULTIFAMILY 3,131,740 N/A 3,131,740 3,131,740
C1 - VACANT LOTS 1,146,500 N/A 1,146,500 1,146,500
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 28,928,008 1.1985 24,137,035 24,137,035
D2 - FARM & RANCH IMP 1,467,030 N/A 1,467,030 1,467,030
E - NON-AG LAND AND IMPROVEMENTS 17,175,265 0.6998 24,543,105 24,543,105
F1 - COMMERCIAL REAL 23,424,166 0.9422 24,861,140 24,861,140
F2 - INDUSTRIAL REAL 197,932,750 N/A 197,932,750 197,932,750
G - ALL MINERALS 2,222,430 N/A 2,222,430 2,222,430
J - ALL UTILITIES 34,409,401 0.9489 36,262,410 36,262,410
L1 - COMMERCIAL PERSONAL 14,444,830 0.9975 14,481,033 14,481,033
L2 - INDUSTRIAL PERSONAL 10,910,600 N/A 10,910,600 10,910,600
M1 - MOBILE HOMES 1,145,960 N/A 1,145,960 1,145,960
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 22,320 N/A 22,320 22,320
S - SPECIAL INVENTORY 2,212,940 N/A 2,212,940 2,212,940
Subtotal 452,415,829 0 481,043,558 481,043,558
Less Total Deductions 214,080,426 0 220,892,561 220,892,561
Total Taxable Value 238,335,403 0 260,150,997 260,150,997

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
268,682,310 260,150,997 268,682,310 260,150,997


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,531,313 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
422,218,520 413,687,207 422,218,520 413,687,207

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

140-904-02/Littlefield ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 113,841,889 0.8336 136,566,565 136,566,565
B - MULTIFAMILY 3,131,740 N/A 3,131,740 3,131,740
C1 - VACANT LOTS 1,146,500 N/A 1,146,500 1,146,500
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 28,928,008 1.1985 24,137,035 24,137,035
D2 - FARM & RANCH IMP 1,467,030 N/A 1,467,030 1,467,030
E - NON-AG LAND AND IMPROVEMENTS 17,175,265 0.6998 24,543,105 24,543,105
F1 - COMMERCIAL REAL 23,424,166 0.9422 24,861,140 24,861,140
F2 - INDUSTRIAL REAL 197,932,750 N/A 197,932,750 197,932,750
G - ALL MINERALS 2,222,430 N/A 2,222,430 2,222,430
J - ALL UTILITIES 34,409,401 0.9489 36,262,410 36,262,410
L1 - COMMERCIAL PERSONAL 14,444,830 0.9975 14,481,033 14,481,033
L2 - INDUSTRIAL PERSONAL 10,910,600 N/A 10,910,600 10,910,600
M1 - MOBILE HOMES 1,145,960 N/A 1,145,960 1,145,960
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 22,320 N/A 22,320 22,320
S - SPECIAL INVENTORY 2,212,940 N/A 2,212,940 2,212,940
Subtotal 452,415,829 481,043,558 481,043,558
Less Total Deductions 214,080,426 220,892,561 220,892,561
Total Taxable Value 238,335,403 260,150,997 260,150,997

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
268,682,310 260,150,997 268,682,310 260,150,997


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
8,531,313 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
422,218,520 413,687,207 422,218,520 413,687,207

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