taxes Property Tax Assistance

2021 ISD Summary Worksheet

Littlefield ISD (all splits)   Lamb County  

140-Lamb/Lamb County

140-904/Littlefield ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 131,167,140 0.8107 161,794,918 161,794,918
B - MULTIFAMILY 3,268,840 N/A 3,268,840 3,268,840
C1 - VACANT LOTS 1,203,290 N/A 1,203,290 1,203,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 28,053,674 1.2251 22,899,437 22,899,437
D2 - FARM & RANCH IMP 1,467,250 N/A 1,467,250 1,467,250
E - NON-AG LAND AND IMPROVEMENTS 18,705,525 0.4950 37,788,939 37,788,939
F1 - COMMERCIAL REAL 23,731,290 1.0240 23,175,088 23,175,088
F2 - INDUSTRIAL REAL 219,976,670 N/A 219,976,670 219,976,670
G - ALL MINERALS 1,223,110 N/A 1,223,110 1,223,110
J - ALL UTILITIES 35,574,581 0.9669 36,792,410 36,792,410
L1 - COMMERCIAL PERSONAL 14,254,060 0.9859 14,457,917 14,457,917
L2 - INDUSTRIAL PERSONAL 16,658,900 N/A 16,658,900 16,658,900
M1 - MOBILE HOMES 1,516,590 N/A 1,516,590 1,516,590
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 12,070 N/A 12,070 12,070
S - SPECIAL INVENTORY 2,002,100 N/A 2,002,100 2,002,100
Subtotal 498,815,090 0 544,237,529 544,237,529
Less Total Deductions 240,229,105 0 249,116,024 249,116,024
Total Taxable Value 258,585,985 0 295,121,505 295,121,505

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 304,199,078 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 295,121,505 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 304,199,078 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 295,121,505 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 480,315,188 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 471,237,615 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 480,315,188 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 471,237,615 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 9,077,573 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 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).


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140-904-02/Littlefield ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 131,167,140 0.8107 161,794,918 161,794,918
B - MULTIFAMILY 3,268,840 N/A 3,268,840 3,268,840
C1 - VACANT LOTS 1,203,290 N/A 1,203,290 1,203,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 28,053,674 1.2251 22,899,437 22,899,437
D2 - FARM & RANCH IMP 1,467,250 N/A 1,467,250 1,467,250
E - NON-AG LAND AND IMPROVEMENTS 18,705,525 0.4950 37,788,939 37,788,939
F1 - COMMERCIAL REAL 23,731,290 1.0240 23,175,088 23,175,088
F2 - INDUSTRIAL REAL 219,976,670 N/A 219,976,670 219,976,670
G - ALL MINERALS 1,223,110 N/A 1,223,110 1,223,110
J - ALL UTILITIES 35,574,581 0.9669 36,792,410 36,792,410
L1 - COMMERCIAL PERSONAL 14,254,060 0.9859 14,457,917 14,457,917
L2 - INDUSTRIAL PERSONAL 16,658,900 N/A 16,658,900 16,658,900
M1 - MOBILE HOMES 1,516,590 N/A 1,516,590 1,516,590
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 12,070 N/A 12,070 12,070
S - SPECIAL INVENTORY 2,002,100 N/A 2,002,100 2,002,100
Subtotal 498,815,090 544,237,529 544,237,529
Less Total Deductions 240,229,105 249,116,024 249,116,024
Total Taxable Value 258,585,985 295,121,505 295,121,505

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 304,199,078 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 295,121,505 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 304,199,078 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 295,121,505 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 480,315,188 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 471,237,615 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 480,315,188 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 471,237,615 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 9,077,573 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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