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