taxes Property Tax Assistance

2021 ISD Summary Worksheet

152-Lubbock /Lubbock County

152-901/Lubbock ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	7,493,888,561	0.9801	7,646,044,854	7,493,888,561
B - MULTIFAMILY	1,483,529,298	0.9746	1,522,193,000	1,483,529,298
C1 - VACANT LOTS	91,060,918	N/A	91,060,918	91,060,918
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,384,097	1.0287	2,317,480	2,384,097
D2 - FARM & RANCH IMP	217,090	N/A	217,090	217,090
E - NON-AG LAND AND IMPROVEMENTS	8,471,115	N/A	8,471,115	8,471,115
F1 - COMMERCIAL REAL	2,792,919,393	0.9878	2,827,413,842	2,792,919,393
F2 - INDUSTRIAL REAL	112,552,152	N/A	112,552,152	112,552,152
G - ALL MINERALS	9,192,920	N/A	9,192,920	9,192,920
J - ALL UTILITIES	245,957,510	N/A	245,957,510	245,957,510
L1 - COMMERCIAL PERSONAL	1,303,344,998	0.9858	1,322,119,089	1,303,344,998
L2 - INDUSTRIAL PERSONAL	263,520,658	N/A	263,520,658	263,520,658
M1 - MOBILE HOMES	3,853,345	N/A	3,853,345	3,853,345
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,520,785	N/A	1,520,785	1,520,785
S - SPECIAL INVENTORY	59,797,446	N/A	59,797,446	59,797,446
Subtotal	13,872,210,286	0	14,116,232,204	13,872,210,286
Less Total Deductions	1,693,827,644	0	1,742,587,113	1,693,827,644
Total Taxable Value	12,178,382,642	0	12,373,645,091	12,178,382,642

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
12,461,249,678	12,178,382,642	12,461,249,678	12,178,382,642

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
282,867,036	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
12,461,249,678	12,178,382,642	12,461,249,678	12,178,382,642

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

152-901-02/Lubbock ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	7,493,888,561	0.9801	7,646,044,854	7,493,888,561
B - MULTIFAMILY	1,483,529,298	0.9746	1,522,193,000	1,483,529,298
C1 - VACANT LOTS	91,060,918	N/A	91,060,918	91,060,918
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,384,097	1.0287	2,317,480	2,384,097
D2 - FARM & RANCH IMP	217,090	N/A	217,090	217,090
E - NON-AG LAND AND IMPROVEMENTS	8,471,115	N/A	8,471,115	8,471,115
F1 - COMMERCIAL REAL	2,792,919,393	0.9878	2,827,413,842	2,792,919,393
F2 - INDUSTRIAL REAL	112,552,152	N/A	112,552,152	112,552,152
G - ALL MINERALS	9,192,920	N/A	9,192,920	9,192,920
J - ALL UTILITIES	245,957,510	N/A	245,957,510	245,957,510
L1 - COMMERCIAL PERSONAL	1,303,344,998	0.9858	1,322,119,089	1,303,344,998
L2 - INDUSTRIAL PERSONAL	263,520,658	N/A	263,520,658	263,520,658
M1 - MOBILE HOMES	3,853,345	N/A	3,853,345	3,853,345
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,520,785	N/A	1,520,785	1,520,785
S - SPECIAL INVENTORY	59,797,446	N/A	59,797,446	59,797,446
Subtotal	13,872,210,286		14,116,232,204	13,872,210,286
Less Total Deductions	1,693,827,644		1,742,587,113	1,693,827,644
Total Taxable Value	12,178,382,642		12,373,645,091	12,178,382,642

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
12,461,249,678	12,178,382,642	12,461,249,678	12,178,382,642

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
282,867,036	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
12,461,249,678	12,178,382,642	12,461,249,678	12,178,382,642

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