taxes Property Tax Assistance

2021 ISD Summary Worksheet

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 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
90,491,641	89,316,361	90,491,641	89,316,361

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
1,175,280	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
90,491,641	89,316,361	90,491,641	89,316,361

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

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 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
90,491,641	89,316,361	90,491,641	89,316,361

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
1,175,280	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
90,491,641	89,316,361	90,491,641	89,316,361

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