taxes Property Tax Assistance

2022 ISD Summary Worksheet

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 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
114,769,261	113,429,631	114,769,261	113,429,631	116,229,261

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
1,339,630	0	1,460,000

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
114,769,261	113,429,631	114,769,261	113,429,631	116,229,261

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

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 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
114,769,261	113,429,631	114,769,261	113,429,631	116,229,261

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
1,339,630	0	1,460,000

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
114,769,261	113,429,631	114,769,261	113,429,631	116,229,261

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