taxes Property Tax Assistance

2023 ISD Summary Worksheet

Lorenzo ISD (all splits)   Crosby County   Lubbock County  

054-Crosby/Crosby County

054-902/Lorenzo ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 26,464,034 N/A 26,464,034 26,464,034
B - MULTIFAMILY 297,314 N/A 297,314 297,314
C1 - VACANT LOTS 410,760 N/A 410,760 410,760
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 29,018,100 N/A 29,018,100 29,018,100
D2 - FARM & RANCH IMP 1,821,993 N/A 1,821,993 1,821,993
E - NON-AG LAND AND IMPROVEMENTS 18,119,020 N/A 18,119,020 18,119,020
F1 - COMMERCIAL REAL 2,941,145 N/A 2,941,145 2,941,145
F2 - INDUSTRIAL REAL 87,342,248 N/A 87,342,248 87,342,248
G - ALL MINERALS 50,329,108 N/A 50,329,108 50,329,108
J - ALL UTILITIES 7,591,600 N/A 7,591,600 7,591,600
L1 - COMMERCIAL PERSONAL 3,126,515 N/A 3,126,515 3,126,515
L2 - INDUSTRIAL PERSONAL 13,147,110 N/A 13,147,110 13,147,110
M1 - MOBILE HOMES 177,298 N/A 177,298 177,298
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 223,424 N/A 223,424 223,424
Subtotal 241,009,669 0 241,009,669 241,009,669
Less Total Deductions 61,771,599 0 61,771,599 61,771,599
Total Taxable Value 179,238,070 0 179,238,070 179,238,070

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

Measure Value Description
T1 186,193,013 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 179,238,070 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 186,193,013 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 179,238,070 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 190,348,013 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 193,118,013 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 179,798,504 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 225,447,733 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 218,492,790 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 225,447,733 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 218,492,790 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 229,602,733 T13 plus the loss to the chapter 313 agreement
T16 232,372,733 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 219,053,224 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 6,954,943 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 4,155,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 2,770,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED


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152-Lubbock/Lubbock County

054-902/Lorenzo ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 1,278,761 N/A 1,278,761 1,278,761
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 151,648 N/A 151,648 151,648
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,939,232 N/A 4,939,232 4,939,232
D2 - FARM & RANCH IMP 51,875 N/A 51,875 51,875
E - NON-AG LAND AND IMPROVEMENTS 4,660,460 N/A 4,660,460 4,660,460
F1 - COMMERCIAL REAL 615,049 N/A 615,049 615,049
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 1,311,470 N/A 1,311,470 1,311,470
L1 - COMMERCIAL PERSONAL 335,852 N/A 335,852 335,852
L2 - INDUSTRIAL PERSONAL 182,020 N/A 182,020 182,020
M1 - MOBILE HOMES 29,041 N/A 29,041 29,041
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 13,555,408 0 13,555,408 13,555,408
Less Total Deductions 2,414,153 0 2,414,153 2,414,153
Total Taxable Value 11,141,255 0 11,141,255 11,141,255

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

Measure Value Description
T1 12,185,282 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 11,141,255 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 12,185,282 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 11,141,255 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 12,500,282 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 12,710,282 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 11,343,965 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 12,185,282 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 11,141,255 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 12,185,282 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 11,141,255 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 12,500,282 T13 plus the loss to the chapter 313 agreement
T16 12,710,282 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 11,343,965 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,044,027 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 315,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 210,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID BECAUSE THIS PORTION OF THE SCHOOL DISTRICT WAS TOO SMALL TO BE STUDIED, AND LOCAL VALUE WAS CERTIFIED


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054-902-02/Lorenzo ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 27,742,795 N/A 27,742,795 27,742,795
B - MULTIFAMILY 297,314 N/A 297,314 297,314
C1 - VACANT LOTS 562,408 N/A 562,408 562,408
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 33,957,332 N/A 33,957,332 33,957,332
D2 - FARM & RANCH IMP 1,873,868 N/A 1,873,868 1,873,868
E - NON-AG LAND AND IMPROVEMENTS 22,779,480 N/A 22,779,480 22,779,480
F1 - COMMERCIAL REAL 3,556,194 N/A 3,556,194 3,556,194
F2 - INDUSTRIAL REAL 87,342,248 N/A 87,342,248 87,342,248
G - ALL MINERALS 50,329,108 N/A 50,329,108 50,329,108
J - ALL UTILITIES 8,903,070 N/A 8,903,070 8,903,070
L1 - COMMERCIAL PERSONAL 3,462,367 N/A 3,462,367 3,462,367
L2 - INDUSTRIAL PERSONAL 13,329,130 N/A 13,329,130 13,329,130
M1 - MOBILE HOMES 206,339 N/A 206,339 206,339
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 223,424 N/A 223,424 223,424
Subtotal 254,565,077 254,565,077 254,565,077
Less Total Deductions 64,185,752 64,185,752 64,185,752
Total Taxable Value 190,379,325 190,379,325 190,379,325

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

Measure Value Description
T1 198,378,295 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 190,379,325 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 198,378,295 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 190,379,325 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 202,848,295 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 205,828,295 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 191,142,469 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 237,633,015 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 229,634,045 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 237,633,015 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 229,634,045 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 242,103,015 T13 plus the loss to the chapter 313 agreement
T16 245,083,015 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 230,397,189 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 7,998,970 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 4,470,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 2,980,000 Loss to Second Previous Homestead Increase

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