taxes Property Tax Assistance

2022 ISD Summary Worksheet

Follett ISD (all splits)   Lipscomb County  

148-Lipscomb/Lipscomb County

148-902/Follett ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 8,839,020 0.7357 12,014,435 8,839,020
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 73,320 N/A 73,320 73,320
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,548,523 1.3380 8,631,081 11,548,523
D2 - FARM & RANCH IMP 2,884,390 N/A 2,884,390 2,884,390
E - NON-AG LAND AND IMPROVEMENTS 4,232,960 N/A 4,232,960 4,232,960
F1 - COMMERCIAL REAL 1,279,460 N/A 1,279,460 1,279,460
F2 - INDUSTRIAL REAL 304,110 N/A 304,110 304,110
G - ALL MINERALS 74,578,824 1.0100 73,840,420 74,578,824
J - ALL UTILITIES 13,636,030 N/A 13,636,030 13,636,030
L1 - COMMERCIAL PERSONAL 908,410 N/A 908,410 908,410
L2 - INDUSTRIAL PERSONAL 555,993 N/A 555,993 555,993
M1 - MOBILE HOMES 171,600 N/A 171,600 171,600
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 119,012,640 0 118,532,209 119,012,640
Less Total Deductions 5,583,009 0 6,932,593 5,583,009
Total Taxable Value 113,429,631 0 111,599,616 113,429,631

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 114,769,261 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 113,429,631 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 114,769,261 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 113,429,631 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 116,229,261 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 114,769,261 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 113,429,631 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 114,769,261 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 113,429,631 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 116,229,261 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 1,339,630 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 1,460,000 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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148-902-02/Follett ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 8,839,020 0.7357 12,014,435 8,839,020
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 73,320 N/A 73,320 73,320
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,548,523 1.3380 8,631,081 11,548,523
D2 - FARM & RANCH IMP 2,884,390 N/A 2,884,390 2,884,390
E - NON-AG LAND AND IMPROVEMENTS 4,232,960 N/A 4,232,960 4,232,960
F1 - COMMERCIAL REAL 1,279,460 N/A 1,279,460 1,279,460
F2 - INDUSTRIAL REAL 304,110 N/A 304,110 304,110
G - ALL MINERALS 74,578,824 1.0100 73,840,420 74,578,824
J - ALL UTILITIES 13,636,030 N/A 13,636,030 13,636,030
L1 - COMMERCIAL PERSONAL 908,410 N/A 908,410 908,410
L2 - INDUSTRIAL PERSONAL 555,993 N/A 555,993 555,993
M1 - MOBILE HOMES 171,600 N/A 171,600 171,600
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 119,012,640 118,532,209 119,012,640
Less Total Deductions 5,583,009 6,932,593 5,583,009
Total Taxable Value 113,429,631 111,599,616 113,429,631

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 114,769,261 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 113,429,631 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 114,769,261 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 113,429,631 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 116,229,261 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 114,769,261 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 113,429,631 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 114,769,261 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 113,429,631 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 116,229,261 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 1,339,630 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 1,460,000 Loss to the second most recent increase in the state-mandated homestead exemption

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