taxes Property Tax Assistance

2021 ISD Summary Worksheet

152-Lubbock /Lubbock County

152-910/Idalou ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	178,767,631	0.9820	182,044,431	178,767,631
B - MULTIFAMILY	1,627,977	N/A	1,627,977	1,627,977
C1 - VACANT LOTS	1,840,903	N/A	1,840,903	1,840,903
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	19,665,537	1.0381	18,944,155	19,665,537
D2 - FARM & RANCH IMP	520,720	N/A	520,720	520,720
E - NON-AG LAND AND IMPROVEMENTS	59,169,287	0.8140	72,689,542	59,169,287
F1 - COMMERCIAL REAL	20,779,467	0.9995	20,789,862	20,779,467
F2 - INDUSTRIAL REAL	6,233,742	N/A	6,233,742	6,233,742
G - ALL MINERALS	5,438,631	N/A	5,438,631	5,438,631
J - ALL UTILITIES	11,504,043	N/A	11,504,043	11,504,043
L1 - COMMERCIAL PERSONAL	60,911,684	1.0102	60,296,658	60,911,684
L2 - INDUSTRIAL PERSONAL	1,761,989	N/A	1,761,989	1,761,989
M1 - MOBILE HOMES	716,353	N/A	716,353	716,353
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	23,249	N/A	23,249	23,249
Subtotal	368,961,213	0	384,432,255	368,961,213
Less Total Deductions	56,860,150	0	58,103,195	56,860,150
Total Taxable Value	312,101,063	0	326,329,060	312,101,063

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
320,521,859	312,101,063	320,521,859	312,101,063

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
8,420,796	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
320,521,859	312,101,063	320,521,859	312,101,063

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

152-910-02/Idalou ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	178,767,631	0.9820	182,044,431	178,767,631
B - MULTIFAMILY	1,627,977	N/A	1,627,977	1,627,977
C1 - VACANT LOTS	1,840,903	N/A	1,840,903	1,840,903
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	19,665,537	1.0381	18,944,155	19,665,537
D2 - FARM & RANCH IMP	520,720	N/A	520,720	520,720
E - NON-AG LAND AND IMPROVEMENTS	59,169,287	0.8140	72,689,542	59,169,287
F1 - COMMERCIAL REAL	20,779,467	0.9995	20,789,862	20,779,467
F2 - INDUSTRIAL REAL	6,233,742	N/A	6,233,742	6,233,742
G - ALL MINERALS	5,438,631	N/A	5,438,631	5,438,631
J - ALL UTILITIES	11,504,043	N/A	11,504,043	11,504,043
L1 - COMMERCIAL PERSONAL	60,911,684	1.0102	60,296,658	60,911,684
L2 - INDUSTRIAL PERSONAL	1,761,989	N/A	1,761,989	1,761,989
M1 - MOBILE HOMES	716,353	N/A	716,353	716,353
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	23,249	N/A	23,249	23,249
Subtotal	368,961,213		384,432,255	368,961,213
Less Total Deductions	56,860,150		58,103,195	56,860,150
Total Taxable Value	312,101,063		326,329,060	312,101,063

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
320,521,859	312,101,063	320,521,859	312,101,063

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
8,420,796	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
320,521,859	312,101,063	320,521,859	312,101,063

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