taxes Property Tax Assistance

2021 ISD Summary Worksheet

113-Houston /Houston County

113-903/Lovelady ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 40,172,090 N/A 40,172,090 40,172,090
B - MULTIFAMILY 274,470 N/A 274,470 274,470
C1 - VACANT LOTS 1,857,580 N/A 1,857,580 1,857,580
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 25,466,669 N/A 25,466,669 25,466,669
D2 - FARM & RANCH IMP 14,976,580 N/A 14,976,580 14,976,580
E - NON-AG LAND AND IMPROVEMENTS 111,960,170 N/A 111,960,170 111,960,170
F1 - COMMERCIAL REAL 4,363,380 N/A 4,363,380 4,363,380
F2 - INDUSTRIAL REAL 540,580 N/A 540,580 540,580
G - ALL MINERALS 17,836,820 N/A 17,836,820 17,836,820
J - ALL UTILITIES 84,838,230 N/A 84,838,230 84,838,230
L1 - COMMERCIAL PERSONAL 2,385,500 N/A 2,385,500 2,385,500
L2 - INDUSTRIAL PERSONAL 5,155,880 N/A 5,155,880 5,155,880
M1 - MOBILE HOMES 10,506,170 N/A 10,506,170 10,506,170
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 320,334,119 0 320,334,119 320,334,119
Less Total Deductions 40,975,279 0 40,975,279 40,975,279
Total Taxable Value 279,358,840 0 279,358,840 279,358,840

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
286,027,480 279,358,840 286,027,480 279,358,840


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,668,640 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
286,027,480 279,358,840 286,027,480 279,358,840

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

113-903-02/Lovelady ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 40,172,090 N/A 40,172,090 40,172,090
B - MULTIFAMILY 274,470 N/A 274,470 274,470
C1 - VACANT LOTS 1,857,580 N/A 1,857,580 1,857,580
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 25,466,669 N/A 25,466,669 25,466,669
D2 - FARM & RANCH IMP 14,976,580 N/A 14,976,580 14,976,580
E - NON-AG LAND AND IMPROVEMENTS 111,960,170 N/A 111,960,170 111,960,170
F1 - COMMERCIAL REAL 4,363,380 N/A 4,363,380 4,363,380
F2 - INDUSTRIAL REAL 540,580 N/A 540,580 540,580
G - ALL MINERALS 17,836,820 N/A 17,836,820 17,836,820
J - ALL UTILITIES 84,838,230 N/A 84,838,230 84,838,230
L1 - COMMERCIAL PERSONAL 2,385,500 N/A 2,385,500 2,385,500
L2 - INDUSTRIAL PERSONAL 5,155,880 N/A 5,155,880 5,155,880
M1 - MOBILE HOMES 10,506,170 N/A 10,506,170 10,506,170
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 320,334,119 320,334,119 320,334,119
Less Total Deductions 40,975,279 40,975,279 40,975,279
Total Taxable Value 279,358,840 279,358,840 279,358,840

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
286,027,480 279,358,840 286,027,480 279,358,840


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
6,668,640 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
286,027,480 279,358,840 286,027,480 279,358,840

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