taxes Property Tax Assistance

2021 ISD Summary Worksheet

Lorenzo ISD (all splits)   Crosby County   Lubbock County  

054-Crosby/Crosby County

054-902/Lorenzo ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 19,550,700 N/A 19,550,700 19,550,700
B - MULTIFAMILY 208,458 N/A 208,458 208,458
C1 - VACANT LOTS 305,832 N/A 305,832 305,832
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 32,028,122 N/A 32,028,122 32,028,122
D2 - FARM & RANCH IMP 1,436,190 N/A 1,436,190 1,436,190
E - NON-AG LAND AND IMPROVEMENTS 12,218,841 N/A 12,218,841 12,218,841
F1 - COMMERCIAL REAL 2,786,273 N/A 2,786,273 2,786,273
F2 - INDUSTRIAL REAL 99,141,907 N/A 99,141,907 99,141,907
G - ALL MINERALS 29,411,226 N/A 29,411,226 29,411,226
J - ALL UTILITIES 7,914,670 N/A 7,914,670 7,914,670
L1 - COMMERCIAL PERSONAL 2,951,326 N/A 2,951,326 2,951,326
L2 - INDUSTRIAL PERSONAL 11,734,339 N/A 11,734,339 11,734,339
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 2,505,279 N/A 2,505,279 2,505,279
Subtotal 222,193,163 0 222,193,163 222,193,163
Less Total Deductions 77,203,624 0 77,203,624 77,203,624
Total Taxable Value 144,989,539 0 144,989,539 144,989,539

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's office 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 school 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

Measure Value Description
T1 147,298,108 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 144,989,539 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 147,298,108 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 144,989,539 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 215,293,613 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 212,985,044 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 215,293,613 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 212,985,044 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 2,308,569 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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152-Lubbock/Lubbock County

054-902/Lorenzo ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 1,966,023 N/A 1,966,023 1,966,023
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 109,596 N/A 109,596 109,596
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,591,321 N/A 5,591,321 5,591,321
D2 - FARM & RANCH IMP 96,675 N/A 96,675 96,675
E - NON-AG LAND AND IMPROVEMENTS 3,001,629 N/A 3,001,629 3,001,629
F1 - COMMERCIAL REAL 455,815 N/A 455,815 455,815
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 1,371,580 N/A 1,371,580 1,371,580
L1 - COMMERCIAL PERSONAL 386,634 N/A 386,634 386,634
L2 - INDUSTRIAL PERSONAL 144,840 N/A 144,840 144,840
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 13,124,113 0 13,124,113 13,124,113
Less Total Deductions 804,773 0 804,773 804,773
Total Taxable Value 12,319,340 0 12,319,340 12,319,340

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's office 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 school 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

Measure Value Description
T1 12,469,340 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 12,319,340 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 12,469,340 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 12,319,340 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 12,469,340 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 12,319,340 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 12,469,340 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 12,319,340 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 150,000 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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054-902-02/Lorenzo ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 21,516,723 N/A 21,516,723 21,516,723
B - MULTIFAMILY 208,458 N/A 208,458 208,458
C1 - VACANT LOTS 415,428 N/A 415,428 415,428
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 37,619,443 N/A 37,619,443 37,619,443
D2 - FARM & RANCH IMP 1,532,865 N/A 1,532,865 1,532,865
E - NON-AG LAND AND IMPROVEMENTS 15,220,470 N/A 15,220,470 15,220,470
F1 - COMMERCIAL REAL 3,242,088 N/A 3,242,088 3,242,088
F2 - INDUSTRIAL REAL 99,141,907 N/A 99,141,907 99,141,907
G - ALL MINERALS 29,411,226 N/A 29,411,226 29,411,226
J - ALL UTILITIES 9,286,250 N/A 9,286,250 9,286,250
L1 - COMMERCIAL PERSONAL 3,337,960 N/A 3,337,960 3,337,960
L2 - INDUSTRIAL PERSONAL 11,879,179 N/A 11,879,179 11,879,179
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 2,505,279 N/A 2,505,279 2,505,279
Subtotal 235,317,276 235,317,276 235,317,276
Less Total Deductions 78,008,397 78,008,397 78,008,397
Total Taxable Value 157,308,879 157,308,879 157,308,879

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's office 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 school 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

Measure Value Description
T1 159,767,448 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 157,308,879 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 159,767,448 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 157,308,879 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 227,762,953 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 225,304,384 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 227,762,953 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 225,304,384 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 2,458,569 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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