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	350,816,046	N/A	350,816,046	350,816,046
B - MULTIFAMILY	13,654,586	N/A	13,654,586	13,654,586
C1 - VACANT LOTS	9,996,352	N/A	9,996,352	9,996,352
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	75,457,910	N/A	75,457,910	75,457,910
F1 - COMMERCIAL REAL	38,537,710	N/A	38,537,710	38,537,710
F2 - INDUSTRIAL REAL	41,777	N/A	41,777	41,777
G - ALL MINERALS	27,100,750	N/A	27,100,750	27,100,750
J - ALL UTILITIES	28,154,633	N/A	28,154,633	28,154,633
L1 - COMMERCIAL PERSONAL	19,427,007	N/A	19,427,007	19,427,007
L2 - INDUSTRIAL PERSONAL	1,183,140	N/A	1,183,140	1,183,140
M1 - MOBILE HOMES	4,109,827	N/A	4,109,827	4,109,827
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	578,452,732	0	578,452,732	578,452,732
Less Total Deductions	82,544,290	0	82,544,290	82,544,290
Total Taxable Value	495,908,442	0	495,908,442	495,908,442

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
508,169,133	495,908,442	508,169,133	495,908,442	522,639,133

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
12,260,691	0	14,470,000

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
508,169,133	495,908,442	508,169,133	495,908,442	522,639,133

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	350,816,046	N/A	350,816,046	350,816,046
B - MULTIFAMILY	13,654,586	N/A	13,654,586	13,654,586
C1 - VACANT LOTS	9,996,352	N/A	9,996,352	9,996,352
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	75,457,910	N/A	75,457,910	75,457,910
F1 - COMMERCIAL REAL	38,537,710	N/A	38,537,710	38,537,710
F2 - INDUSTRIAL REAL	41,777	N/A	41,777	41,777
G - ALL MINERALS	27,100,750	N/A	27,100,750	27,100,750
J - ALL UTILITIES	28,154,633	N/A	28,154,633	28,154,633
L1 - COMMERCIAL PERSONAL	19,427,007	N/A	19,427,007	19,427,007
L2 - INDUSTRIAL PERSONAL	1,183,140	N/A	1,183,140	1,183,140
M1 - MOBILE HOMES	4,109,827	N/A	4,109,827	4,109,827
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	578,452,732		578,452,732	578,452,732
Less Total Deductions	82,544,290		82,544,290	82,544,290
Total Taxable Value	495,908,442		495,908,442	495,908,442

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
508,169,133	495,908,442	508,169,133	495,908,442	522,639,133

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
12,260,691	0	14,470,000

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
508,169,133	495,908,442	508,169,133	495,908,442	522,639,133

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