taxes Property Tax Assistance

2022 ISD Summary Worksheet

Lorenzo ISD (all splits)   Crosby County   Lubbock County  

054-Crosby/Crosby County

054-902/Lorenzo ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 22,259,828 0.8377 26,572,553 22,259,828
B - MULTIFAMILY 259,240 N/A 259,240 259,240
C1 - VACANT LOTS 335,017 N/A 335,017 335,017
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 28,055,295 0.9128 30,734,916 28,055,295
D2 - FARM & RANCH IMP 1,476,237 N/A 1,476,237 1,476,237
E - NON-AG LAND AND IMPROVEMENTS 14,078,189 1.0899 12,916,955 14,078,189
F1 - COMMERCIAL REAL 2,812,272 N/A 2,812,272 2,812,272
F2 - INDUSTRIAL REAL 92,159,464 N/A 92,159,464 92,159,464
G - ALL MINERALS 52,272,463 1.0985 47,585,310 52,272,463
J - ALL UTILITIES 7,400,385 N/A 7,400,385 7,400,385
L1 - COMMERCIAL PERSONAL 3,166,714 N/A 3,166,714 3,166,714
L2 - INDUSTRIAL PERSONAL 13,718,872 N/A 13,718,872 13,718,872
M1 - MOBILE HOMES 0 N/A 0 0
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 2,951,215 N/A 2,951,215 2,951,215
Subtotal 240,945,191 0 242,089,150 240,945,191
Less Total Deductions 73,427,299 0 75,227,534 73,427,299
Total Taxable Value 167,517,892 0 166,861,616 167,517,892

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's office 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 school 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

Measure Value Description
T1 170,365,791 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 167,517,892 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 170,365,791 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 167,517,892 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 173,085,791 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 230,994,591 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 228,146,692 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 230,994,591 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 228,146,692 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 233,714,591 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 2,847,899 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 2,720,000 Loss to the second most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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152-Lubbock/Lubbock County

054-902/Lorenzo ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 1,241,673 N/A 1,241,673 1,241,673
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 121,103 N/A 121,103 121,103
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,599,787 N/A 5,599,787 5,599,787
D2 - FARM & RANCH IMP 91,635 N/A 91,635 91,635
E - NON-AG LAND AND IMPROVEMENTS 4,433,524 N/A 4,433,524 4,433,524
F1 - COMMERCIAL REAL 476,209 N/A 476,209 476,209
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 1,383,690 N/A 1,383,690 1,383,690
L1 - COMMERCIAL PERSONAL 420,210 N/A 420,210 420,210
L2 - INDUSTRIAL PERSONAL 195,090 N/A 195,090 195,090
M1 - MOBILE HOMES 30,290 N/A 30,290 30,290
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 13,993,211 0 13,993,211 13,993,211
Less Total Deductions 1,285,168 0 1,285,168 1,285,168
Total Taxable Value 12,708,043 0 12,708,043 12,708,043

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's office 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 school 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

Measure Value Description
T1 13,005,900 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 12,708,043 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 13,005,900 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 12,708,043 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 13,215,900 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 13,005,900 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 12,708,043 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 13,005,900 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 12,708,043 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 13,215,900 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 297,857 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 210,000 Loss to the second most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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054-902-02/Lorenzo ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 23,501,501 0.8449 27,814,226 23,501,501
B - MULTIFAMILY 259,240 N/A 259,240 259,240
C1 - VACANT LOTS 456,120 N/A 456,120 456,120
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 33,655,082 0.9263 36,334,703 33,655,082
D2 - FARM & RANCH IMP 1,567,872 N/A 1,567,872 1,567,872
E - NON-AG LAND AND IMPROVEMENTS 18,511,713 1.0669 17,350,479 18,511,713
F1 - COMMERCIAL REAL 3,288,481 N/A 3,288,481 3,288,481
F2 - INDUSTRIAL REAL 92,159,464 N/A 92,159,464 92,159,464
G - ALL MINERALS 52,272,463 1.0985 47,585,310 52,272,463
J - ALL UTILITIES 8,784,075 N/A 8,784,075 8,784,075
L1 - COMMERCIAL PERSONAL 3,586,924 N/A 3,586,924 3,586,924
L2 - INDUSTRIAL PERSONAL 13,913,962 N/A 13,913,962 13,913,962
M1 - MOBILE HOMES 30,290 N/A 30,290 30,290
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 2,951,215 N/A 2,951,215 2,951,215
Subtotal 254,938,402 256,082,361 254,938,402
Less Total Deductions 74,712,467 76,512,702 74,712,467
Total Taxable Value 180,225,935 179,569,659 180,225,935

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's office 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 school 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

Measure Value Description
T1 183,371,691 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 180,225,935 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 183,371,691 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 180,225,935 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 186,301,691 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 244,000,491 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 240,854,735 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 244,000,491 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 240,854,735 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 246,930,491 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 3,145,756 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 2,930,000 Loss to the second most recent increase in the state-mandated homestead exemption

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