taxes Property Tax Assistance

2021 ISD Summary Worksheet

Follett ISD (all splits)   Lipscomb County  

148-Lipscomb/Lipscomb County

148-902/Follett ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 8,773,460 N/A 8,773,460 8,773,460
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 73,820 N/A 73,820 73,820
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,292,983 N/A 12,292,983 12,292,983
D2 - FARM & RANCH IMP 3,101,130 N/A 3,101,130 3,101,130
E - NON-AG LAND AND IMPROVEMENTS 4,292,070 N/A 4,292,070 4,292,070
F1 - COMMERCIAL REAL 1,289,510 N/A 1,289,510 1,289,510
F2 - INDUSTRIAL REAL 304,110 N/A 304,110 304,110
G - ALL MINERALS 47,312,611 N/A 47,312,611 47,312,611
J - ALL UTILITIES 14,715,930 N/A 14,715,930 14,715,930
L1 - COMMERCIAL PERSONAL 1,015,342 N/A 1,015,342 1,015,342
L2 - INDUSTRIAL PERSONAL 561,464 N/A 561,464 561,464
M1 - MOBILE HOMES 172,850 N/A 172,850 172,850
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 93,905,280 0 93,905,280 93,905,280
Less Total Deductions 4,588,919 0 4,588,919 4,588,919
Total Taxable Value 89,316,361 0 89,316,361 89,316,361

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 90,491,641 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 89,316,361 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 90,491,641 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 89,316,361 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 90,491,641 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 89,316,361 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 90,491,641 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 89,316,361 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,175,280 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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148-902-02/Follett ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 8,773,460 N/A 8,773,460 8,773,460
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 73,820 N/A 73,820 73,820
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,292,983 N/A 12,292,983 12,292,983
D2 - FARM & RANCH IMP 3,101,130 N/A 3,101,130 3,101,130
E - NON-AG LAND AND IMPROVEMENTS 4,292,070 N/A 4,292,070 4,292,070
F1 - COMMERCIAL REAL 1,289,510 N/A 1,289,510 1,289,510
F2 - INDUSTRIAL REAL 304,110 N/A 304,110 304,110
G - ALL MINERALS 47,312,611 N/A 47,312,611 47,312,611
J - ALL UTILITIES 14,715,930 N/A 14,715,930 14,715,930
L1 - COMMERCIAL PERSONAL 1,015,342 N/A 1,015,342 1,015,342
L2 - INDUSTRIAL PERSONAL 561,464 N/A 561,464 561,464
M1 - MOBILE HOMES 172,850 N/A 172,850 172,850
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 93,905,280 93,905,280 93,905,280
Less Total Deductions 4,588,919 4,588,919 4,588,919
Total Taxable Value 89,316,361 89,316,361 89,316,361

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 90,491,641 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 89,316,361 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 90,491,641 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 89,316,361 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 90,491,641 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 89,316,361 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 90,491,641 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 89,316,361 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,175,280 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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