taxes Property Tax Assistance

2022 ISD Summary Worksheet

035-Castro /Castro County

140-907/Springlake-Earth ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	540,690	N/A	540,690	540,690
B - MULTIFAMILY	0	N/A	0	0
C1 - VACANT LOTS	0	N/A	0	0
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	10,761,094	2.7306	3,940,935	10,761,094
D2 - FARM & RANCH IMP	579,790	0.9876	587,070	579,790
E - NON-AG LAND AND IMPROVEMENTS	2,833,590	0.8408	3,370,112	2,833,590
F1 - COMMERCIAL REAL	92,510	N/A	92,510	92,510
F2 - INDUSTRIAL REAL	12,246,530	N/A	12,246,530	12,246,530
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	3,832,900	N/A	3,832,900	3,832,900
L1 - COMMERCIAL PERSONAL	0	N/A	0	0
L2 - INDUSTRIAL PERSONAL	580,360	N/A	580,360	580,360
M1 - MOBILE HOMES	95,900	N/A	95,900	95,900
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	31,563,364	0	25,287,007	31,563,364
Less Total Deductions	612,491	0	612,491	612,491
Total Taxable Value	30,950,873	0	24,674,516	30,950,873

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
31,104,523	30,950,873	31,104,523	30,950,873	31,234,523

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
153,650	0	130,000

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
31,104,523	30,950,873	31,104,523	30,950,873	31,234,523

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE LOCAL VALUE IS GREATER THAN PTAD VALUE

140-Lamb /Lamb County

140-907/Springlake-Earth ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	23,175,898	0.7975	29,060,687	23,175,898
B - MULTIFAMILY	25,460	N/A	25,460	25,460
C1 - VACANT LOTS	241,730	N/A	241,730	241,730
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	11,897,114	1.6541	7,192,617	11,897,114
D2 - FARM & RANCH IMP	1,124,580	N/A	1,124,580	1,124,580
E - NON-AG LAND AND IMPROVEMENTS	12,374,671	0.9416	13,142,174	12,374,671
F1 - COMMERCIAL REAL	2,429,240	N/A	2,429,240	2,429,240
F2 - INDUSTRIAL REAL	1,599,000	N/A	1,599,000	1,599,000
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	11,100,020	N/A	11,100,020	11,100,020
L1 - COMMERCIAL PERSONAL	1,676,970	N/A	1,676,970	1,676,970
L2 - INDUSTRIAL PERSONAL	4,242,480	N/A	4,242,480	4,242,480
M1 - MOBILE HOMES	314,280	N/A	314,280	314,280
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	70,201,443	0	72,149,238	70,201,443
Less Total Deductions	12,694,253	0	14,939,977	12,694,253
Total Taxable Value	57,507,190	0	57,209,261	57,507,190

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
59,398,522	57,507,190	59,398,522	57,507,190	62,388,522

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
1,891,332	0	2,990,000

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
59,398,522	57,507,190	59,398,522	57,507,190	62,388,522

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

140-907-02/Springlake-Earth ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	23,716,588	0.8012	29,601,377	23,716,588
B - MULTIFAMILY	25,460	N/A	25,460	25,460
C1 - VACANT LOTS	241,730	N/A	241,730	241,730
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	22,658,208	2.0351	11,133,552	22,658,208
D2 - FARM & RANCH IMP	1,704,370	0.9957	1,711,650	1,704,370
E - NON-AG LAND AND IMPROVEMENTS	15,208,261	0.9210	16,512,286	15,208,261
F1 - COMMERCIAL REAL	2,521,750	N/A	2,521,750	2,521,750
F2 - INDUSTRIAL REAL	13,845,530	N/A	13,845,530	13,845,530
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	14,932,920	N/A	14,932,920	14,932,920
L1 - COMMERCIAL PERSONAL	1,676,970	N/A	1,676,970	1,676,970
L2 - INDUSTRIAL PERSONAL	4,822,840	N/A	4,822,840	4,822,840
M1 - MOBILE HOMES	410,180	N/A	410,180	410,180
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	101,764,807		97,436,245	101,764,807
Less Total Deductions	13,306,744		15,552,468	13,306,744
Total Taxable Value	88,458,063		81,883,777	88,458,063

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
90,503,045	88,458,063	90,503,045	88,458,063	93,623,045

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
2,044,982	0	3,120,000

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
90,503,045	88,458,063	90,503,045	88,458,063	93,623,045

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