taxes Property Tax Assistance

2021 ISD Summary Worksheet

Springlake-Earth ISD (all splits)   Castro County   Lamb County  

035-Castro/Castro County

140-907/Springlake-Earth ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 520,240 N/A 520,240 520,240
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 3,380 N/A 3,380 3,380
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,288,476 2.8096 3,661,838 10,288,476
D2 - FARM & RANCH IMP 2,356,680 0.9704 2,428,566 2,356,680
E - NON-AG LAND AND IMPROVEMENTS 3,035,810 0.9736 3,118,129 3,035,810
F1 - COMMERCIAL REAL 92,510 N/A 92,510 92,510
F2 - INDUSTRIAL REAL 7,012,270 N/A 7,012,270 7,012,270
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 3,586,750 0.8932 4,015,618 3,586,750
L1 - COMMERCIAL PERSONAL 172,670 N/A 172,670 172,670
L2 - INDUSTRIAL PERSONAL 306,700 N/A 306,700 306,700
M1 - MOBILE HOMES 40,570 N/A 40,570 40,570
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 27,416,056 0 21,372,491 27,416,056
Less Total Deductions 495,085 0 495,085 495,085
Total Taxable Value 26,920,971 0 20,877,406 26,920,971

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 27,038,171 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 26,920,971 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 27,038,171 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 26,920,971 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 27,038,171 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 26,920,971 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 27,038,171 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 26,920,971 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 117,200 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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE LOCAL VALUE IS GREATER THAN PTAD VALUE.


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140-Lamb/Lamb County

140-907/Springlake-Earth ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 20,213,086 N/A 20,213,086 20,213,086
B - MULTIFAMILY 22,470 N/A 22,470 22,470
C1 - VACANT LOTS 235,610 N/A 235,610 235,610
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 15,079,054 N/A 15,079,054 15,079,054
D2 - FARM & RANCH IMP 1,122,481 N/A 1,122,481 1,122,481
E - NON-AG LAND AND IMPROVEMENTS 12,442,353 N/A 12,442,353 12,442,353
F1 - COMMERCIAL REAL 2,410,240 N/A 2,410,240 2,410,240
F2 - INDUSTRIAL REAL 1,630,300 N/A 1,630,300 1,630,300
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 10,457,740 N/A 10,457,740 10,457,740
L1 - COMMERCIAL PERSONAL 1,576,450 N/A 1,576,450 1,576,450
L2 - INDUSTRIAL PERSONAL 3,222,560 N/A 3,222,560 3,222,560
M1 - MOBILE HOMES 266,260 N/A 266,260 266,260
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 68,678,604 0 68,678,604 68,678,604
Less Total Deductions 8,994,829 0 8,994,829 8,994,829
Total Taxable Value 59,683,775 0 59,683,775 59,683,775

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 61,685,667 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 59,683,775 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 61,685,667 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 59,683,775 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 61,685,667 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 59,683,775 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 61,685,667 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 59,683,775 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 2,001,892 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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140-907-02/Springlake-Earth ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 20,733,326 N/A 20,733,326 20,733,326
B - MULTIFAMILY 22,470 N/A 22,470 22,470
C1 - VACANT LOTS 238,990 N/A 238,990 238,990
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 25,367,530 1.3536 18,740,892 25,367,530
D2 - FARM & RANCH IMP 3,479,161 0.9798 3,551,047 3,479,161
E - NON-AG LAND AND IMPROVEMENTS 15,478,163 0.9947 15,560,482 15,478,163
F1 - COMMERCIAL REAL 2,502,750 N/A 2,502,750 2,502,750
F2 - INDUSTRIAL REAL 8,642,570 N/A 8,642,570 8,642,570
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 14,044,490 0.9704 14,473,358 14,044,490
L1 - COMMERCIAL PERSONAL 1,749,120 N/A 1,749,120 1,749,120
L2 - INDUSTRIAL PERSONAL 3,529,260 N/A 3,529,260 3,529,260
M1 - MOBILE HOMES 306,830 N/A 306,830 306,830
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 96,094,660 90,051,095 96,094,660
Less Total Deductions 9,489,914 9,489,914 9,489,914
Total Taxable Value 86,604,746 80,561,181 86,604,746

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 88,723,838 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 86,604,746 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 88,723,838 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 86,604,746 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 88,723,838 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 86,604,746 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 88,723,838 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 86,604,746 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 2,119,092 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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