taxes Property Tax Assistance

2020 ISD Summary Worksheet

148-Lipscomb /Lipscomb County

148-902/Follett ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	8,633,290	0.8959	9,636,444	8,633,290
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	73,810	N/A	73,810	73,810
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	12,807,413	1.1955	10,713,366	12,807,413
D2 - FARM & RANCH IMP	3,046,400	N/A	3,046,400	3,046,400
E - NON-AG LAND AND IMPROVEMENTS	4,246,390	N/A	4,246,390	4,246,390
F1 - COMMERCIAL REAL	1,481,000	N/A	1,481,000	1,481,000
F2 - INDUSTRIAL REAL	304,110	N/A	304,110	304,110
G - ALL MINERALS	46,317,637	1.0092	45,895,399	46,317,637
J - ALL UTILITIES	15,175,150	N/A	15,175,150	15,175,150
L1 - COMMERCIAL PERSONAL	1,040,614	N/A	1,040,614	1,040,614
L2 - INDUSTRIAL PERSONAL	604,805	N/A	604,805	604,805
M1 - MOBILE HOMES	175,700	N/A	175,700	175,700
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	93,906,319	0	92,393,188	93,906,319
Less Total Deductions	4,802,164	0	5,253,331	4,802,164
Total Taxable Value	89,104,155	0	87,139,857	89,104,155

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
90,306,965	89,104,155	90,306,965	89,104,155

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
1,202,810	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
90,306,965	89,104,155	90,306,965	89,104,155

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

148-902-02/Follett ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	8,633,290	0.8959	9,636,444	8,633,290
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	73,810	N/A	73,810	73,810
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	12,807,413	1.1955	10,713,366	12,807,413
D2 - FARM & RANCH IMP	3,046,400	N/A	3,046,400	3,046,400
E - NON-AG LAND AND IMPROVEMENTS	4,246,390	N/A	4,246,390	4,246,390
F1 - COMMERCIAL REAL	1,481,000	N/A	1,481,000	1,481,000
F2 - INDUSTRIAL REAL	304,110	N/A	304,110	304,110
G - ALL MINERALS	46,317,637	1.0092	45,895,399	46,317,637
J - ALL UTILITIES	15,175,150	N/A	15,175,150	15,175,150
L1 - COMMERCIAL PERSONAL	1,040,614	N/A	1,040,614	1,040,614
L2 - INDUSTRIAL PERSONAL	604,805	N/A	604,805	604,805
M1 - MOBILE HOMES	175,700	N/A	175,700	175,700
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	93,906,319		92,393,188	93,906,319
Less Total Deductions	4,802,164		5,253,331	4,802,164
Total Taxable Value	89,104,155		87,139,857	89,104,155

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
90,306,965	89,104,155	90,306,965	89,104,155

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
1,202,810	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
90,306,965	89,104,155	90,306,965	89,104,155

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