taxes Property Tax Assistance

2020 ISD Summary Worksheet

054-Crosby

054-902/Lorenzo ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 18,777,028 0.9296 20,199,040 18,777,028
B - MULTIFAMILY 221,519 N/A 221,519 221,519
C1 - VACANT LOTS 309,121 N/A 309,121 309,121
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 33,139,557 0.9582 34,585,671 33,139,557
D2 - FARM & RANCH IMP 1,302,293 N/A 1,302,293 1,302,293
E - NON-AG LAND AND IMPROVEMENTS 11,945,619 1.0220 11,688,473 11,945,619
F1 - COMMERCIAL REAL 2,771,707 N/A 2,771,707 2,771,707
F2 - INDUSTRIAL REAL 106,848,285 N/A 106,848,285 106,848,285
G - ALL MINERALS 57,899,470 1.0124 57,190,310 57,899,470
J - ALL UTILITIES 7,366,854 N/A 7,366,854 7,366,854
L1 - COMMERCIAL PERSONAL 2,915,458 N/A 2,915,458 2,915,458
L2 - INDUSTRIAL PERSONAL 13,206,132 N/A 13,206,132 13,206,132
M1 - MOBILE HOMES 0 N/A 0 0
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 2,490,594 N/A 2,490,594 2,490,594
Subtotal 259,193,637 0 261,095,457 259,193,637
Less Total Deductions 84,565,445 0 85,129,802 84,565,445
Total Taxable Value 174,628,192 0 175,965,655 174,628,192

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
176,862,936 174,628,192 176,862,936 174,628,192


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,234,744 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
252,552,793 250,318,049 252,552,793 250,318,049

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

152-Lubbock

054-902/Lorenzo ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 1,749,759 N/A 1,749,759 1,749,759
B - MULTIFAMILY 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 ACRES - QUALIFIED OPEN-SPACE LAND 5,747,751 N/A 5,747,751 5,747,751
D2 - FARM & RANCH IMP 42,946 N/A 42,946 42,946
E - NON-AG LAND AND IMPROVEMENTS 3,070,835 N/A 3,070,835 3,070,835
F1 - COMMERCIAL REAL 497,701 N/A 497,701 497,701
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 1,286,330 N/A 1,286,330 1,286,330
L1 - COMMERCIAL PERSONAL 286,748 N/A 286,748 286,748
L2 - INDUSTRIAL PERSONAL 183,740 N/A 183,740 183,740
M1 - MOBILE HOMES 0 N/A 0 0
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 12,973,041 0 12,973,041 12,973,041
Less Total Deductions 825,104 0 825,104 825,104
Total Taxable Value 12,147,937 0 12,147,937 12,147,937

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
12,297,937 12,147,937 12,297,937 12,147,937


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
150,000 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
12,297,937 12,147,937 12,297,937 12,147,937

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 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 20,526,787 0.9352 21,948,799 20,526,787
B - MULTIFAMILY 221,519 N/A 221,519 221,519
C1 - VACANT LOTS 416,352 N/A 416,352 416,352
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 38,887,308 0.9641 40,333,422 38,887,308
D2 - FARM & RANCH IMP 1,345,239 N/A 1,345,239 1,345,239
E - NON-AG LAND AND IMPROVEMENTS 15,016,454 1.0174 14,759,308 15,016,454
F1 - COMMERCIAL REAL 3,269,408 N/A 3,269,408 3,269,408
F2 - INDUSTRIAL REAL 106,848,285 N/A 106,848,285 106,848,285
G - ALL MINERALS 57,899,470 1.0124 57,190,310 57,899,470
J - ALL UTILITIES 8,653,184 N/A 8,653,184 8,653,184
L1 - COMMERCIAL PERSONAL 3,202,206 N/A 3,202,206 3,202,206
L2 - INDUSTRIAL PERSONAL 13,389,872 N/A 13,389,872 13,389,872
M1 - MOBILE HOMES 0 N/A 0 0
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 2,490,594 N/A 2,490,594 2,490,594
Subtotal 272,166,678 274,068,498 272,166,678
Less Total Deductions 85,390,549 85,954,906 85,390,549
Total Taxable Value 186,776,129 188,113,592 186,776,129

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
189,160,873 186,776,129 189,160,873 186,776,129


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
2,384,744 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
264,850,730 262,465,986 264,850,730 262,465,986

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