taxes Property Tax Assistance

2022 ISD Summary Worksheet

152-Lubbock/Lubbock County

152-909/Shallowater ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	349,842,817	N/A	349,842,817	349,842,817
B - MULTIFAMILY	13,478,131	N/A	13,478,131	13,478,131
C1 - VACANT LOTS	9,882,998	N/A	9,882,998	9,882,998
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	8,774,455	N/A	8,774,455	8,774,455
D2 - FARM & RANCH IMP	328,135	N/A	328,135	328,135
E - NON-AG LAND AND IMPROVEMENTS	75,736,561	N/A	75,736,561	75,736,561
F1 - COMMERCIAL REAL	38,173,378	N/A	38,173,378	38,173,378
F2 - INDUSTRIAL REAL	41,777	N/A	41,777	41,777
G - ALL MINERALS	27,133,350	N/A	27,133,350	27,133,350
J - ALL UTILITIES	28,154,633	N/A	28,154,633	28,154,633
L1 - COMMERCIAL PERSONAL	20,254,543	N/A	20,254,543	20,254,543
L2 - INDUSTRIAL PERSONAL	1,184,448	N/A	1,184,448	1,184,448
M1 - MOBILE HOMES	4,111,877	N/A	4,111,877	4,111,877
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	867,531	N/A	867,531	867,531
S - SPECIAL INVENTORY	2,873	N/A	2,873	2,873
Subtotal	577,967,507	0	577,967,507	577,967,507
Less Total Deductions	84,724,284	0	84,724,284	84,724,284
Total Taxable Value	493,243,223	0	493,243,223	493,243,223

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	T13
507,521,639	493,243,223	507,521,639	493,243,223	521,501,639

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
14,278,416	0	13,980,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
507,521,639	493,243,223	507,521,639	493,243,223	521,501,639

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

152-909-02/Shallowater ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	349,842,817	N/A	349,842,817	349,842,817
B - MULTIFAMILY	13,478,131	N/A	13,478,131	13,478,131
C1 - VACANT LOTS	9,882,998	N/A	9,882,998	9,882,998
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	8,774,455	N/A	8,774,455	8,774,455
D2 - FARM & RANCH IMP	328,135	N/A	328,135	328,135
E - NON-AG LAND AND IMPROVEMENTS	75,736,561	N/A	75,736,561	75,736,561
F1 - COMMERCIAL REAL	38,173,378	N/A	38,173,378	38,173,378
F2 - INDUSTRIAL REAL	41,777	N/A	41,777	41,777
G - ALL MINERALS	27,133,350	N/A	27,133,350	27,133,350
J - ALL UTILITIES	28,154,633	N/A	28,154,633	28,154,633
L1 - COMMERCIAL PERSONAL	20,254,543	N/A	20,254,543	20,254,543
L2 - INDUSTRIAL PERSONAL	1,184,448	N/A	1,184,448	1,184,448
M1 - MOBILE HOMES	4,111,877	N/A	4,111,877	4,111,877
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	867,531	N/A	867,531	867,531
S - SPECIAL INVENTORY	2,873	N/A	2,873	2,873
Subtotal	577,967,507		577,967,507	577,967,507
Less Total Deductions	84,724,284		84,724,284	84,724,284
Total Taxable Value	493,243,223		493,243,223	493,243,223

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	T13
507,521,639	493,243,223	507,521,639	493,243,223	521,501,639

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
14,278,416	0	13,980,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
507,521,639	493,243,223	507,521,639	493,243,223	521,501,639

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement