taxes Property Tax Assistance

2021 ISD Summary Worksheet

152-Lubbock /Lubbock County

152-909/Shallowater ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	317,954,382	0.9902	321,101,174	317,954,382
B - MULTIFAMILY	3,752,031	N/A	3,752,031	3,752,031
C1 - VACANT LOTS	7,814,166	N/A	7,814,166	7,814,166
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	9,382,074	0.9057	10,358,439	9,382,074
D2 - FARM & RANCH IMP	318,018	N/A	318,018	318,018
E - NON-AG LAND AND IMPROVEMENTS	55,356,559	0.9718	56,962,913	55,356,559
F1 - COMMERCIAL REAL	32,779,756	0.9714	33,744,859	32,779,756
F2 - INDUSTRIAL REAL	41,777	N/A	41,777	41,777
G - ALL MINERALS	17,579,140	1.0233	17,178,872	17,579,140
J - ALL UTILITIES	26,360,253	N/A	26,360,253	26,360,253
L1 - COMMERCIAL PERSONAL	19,041,840	N/A	19,041,840	19,041,840
L2 - INDUSTRIAL PERSONAL	999,054	N/A	999,054	999,054
M1 - MOBILE HOMES	3,683,968	N/A	3,683,968	3,683,968
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,075,162	N/A	1,075,162	1,075,162
S - SPECIAL INVENTORY	5,575	N/A	5,575	5,575
Subtotal	496,143,755	0	502,438,101	496,143,755
Less Total Deductions	63,737,673	0	64,349,905	63,737,673
Total Taxable Value	432,406,082	0	438,088,196	432,406,082

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
441,502,744	432,406,082	441,502,744	432,406,082

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
9,096,662	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
441,502,744	432,406,082	441,502,744	432,406,082

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

152-909-02/Shallowater ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	317,954,382	0.9902	321,101,174	317,954,382
B - MULTIFAMILY	3,752,031	N/A	3,752,031	3,752,031
C1 - VACANT LOTS	7,814,166	N/A	7,814,166	7,814,166
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	9,382,074	0.9057	10,358,439	9,382,074
D2 - FARM & RANCH IMP	318,018	N/A	318,018	318,018
E - NON-AG LAND AND IMPROVEMENTS	55,356,559	0.9718	56,962,913	55,356,559
F1 - COMMERCIAL REAL	32,779,756	0.9714	33,744,859	32,779,756
F2 - INDUSTRIAL REAL	41,777	N/A	41,777	41,777
G - ALL MINERALS	17,579,140	1.0233	17,178,872	17,579,140
J - ALL UTILITIES	26,360,253	N/A	26,360,253	26,360,253
L1 - COMMERCIAL PERSONAL	19,041,840	N/A	19,041,840	19,041,840
L2 - INDUSTRIAL PERSONAL	999,054	N/A	999,054	999,054
M1 - MOBILE HOMES	3,683,968	N/A	3,683,968	3,683,968
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,075,162	N/A	1,075,162	1,075,162
S - SPECIAL INVENTORY	5,575	N/A	5,575	5,575
Subtotal	496,143,755		502,438,101	496,143,755
Less Total Deductions	63,737,673		64,349,905	63,737,673
Total Taxable Value	432,406,082		438,088,196	432,406,082

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
441,502,744	432,406,082	441,502,744	432,406,082

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
9,096,662	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
441,502,744	432,406,082	441,502,744	432,406,082

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