taxes Property Tax Assistance

2022 ISD Summary Worksheet

152-Lubbock/Lubbock County

152-910/Idalou ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 203,823,061 N/A 203,823,061 203,823,061
B - MULTIFAMILY 1,958,707 N/A 1,958,707 1,958,707
C1 - VACANT LOTS 3,097,379 N/A 3,097,379 3,097,379
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 19,333,686 N/A 19,333,686 19,333,686
D2 - FARM & RANCH IMP 462,519 N/A 462,519 462,519
E - NON-AG LAND AND IMPROVEMENTS 88,615,506 N/A 88,615,506 88,615,506
F1 - COMMERCIAL REAL 25,180,535 N/A 25,180,535 25,180,535
F2 - INDUSTRIAL REAL 6,534,026 N/A 6,534,026 6,534,026
G - ALL MINERALS 10,364,840 N/A 10,364,840 10,364,840
J - ALL UTILITIES 12,722,948 N/A 12,722,948 12,722,948
L1 - COMMERCIAL PERSONAL 70,865,281 N/A 70,865,281 70,865,281
L2 - INDUSTRIAL PERSONAL 1,531,431 N/A 1,531,431 1,531,431
M1 - MOBILE HOMES 734,183 N/A 734,183 734,183
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 28,095 N/A 28,095 28,095
Subtotal 445,252,197 0 445,252,197 445,252,197
Less Total Deductions 80,869,177 0 80,869,177 80,869,177
Total Taxable Value 364,383,020 0 364,383,020 364,383,020

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
376,795,948 364,383,020 376,795,948 364,383,020 386,105,948


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
12,412,928 0 9,310,000


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
376,795,948 364,383,020 376,795,948 364,383,020 386,105,948

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

152-910-02/Idalou ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 203,823,061 N/A 203,823,061 203,823,061
B - MULTIFAMILY 1,958,707 N/A 1,958,707 1,958,707
C1 - VACANT LOTS 3,097,379 N/A 3,097,379 3,097,379
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 19,333,686 N/A 19,333,686 19,333,686
D2 - FARM & RANCH IMP 462,519 N/A 462,519 462,519
E - NON-AG LAND AND IMPROVEMENTS 88,615,506 N/A 88,615,506 88,615,506
F1 - COMMERCIAL REAL 25,180,535 N/A 25,180,535 25,180,535
F2 - INDUSTRIAL REAL 6,534,026 N/A 6,534,026 6,534,026
G - ALL MINERALS 10,364,840 N/A 10,364,840 10,364,840
J - ALL UTILITIES 12,722,948 N/A 12,722,948 12,722,948
L1 - COMMERCIAL PERSONAL 70,865,281 N/A 70,865,281 70,865,281
L2 - INDUSTRIAL PERSONAL 1,531,431 N/A 1,531,431 1,531,431
M1 - MOBILE HOMES 734,183 N/A 734,183 734,183
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 28,095 N/A 28,095 28,095
Subtotal 445,252,197 445,252,197 445,252,197
Less Total Deductions 80,869,177 80,869,177 80,869,177
Total Taxable Value 364,383,020 364,383,020 364,383,020

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
376,795,948 364,383,020 376,795,948 364,383,020 386,105,948


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
12,412,928 0 9,310,000


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
376,795,948 364,383,020 376,795,948 364,383,020 386,105,948

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