taxes Property Tax Assistance

2023 ISD Summary Worksheet

Lovelady ISD (all splits)   Houston County  

113-Houston/Houston County

113-903/Lovelady ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 56,038,830 1.0149 55,216,110 56,038,830
B - MULTIFAMILY 322,070 N/A 322,070 322,070
C1 - VACANT LOTS 4,546,210 N/A 4,546,210 4,546,210
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 24,056,280 0.9604 25,047,334 24,056,280
D2 - FARM & RANCH IMP 17,299,660 N/A 17,299,660 17,299,660
E - NON-AG LAND AND IMPROVEMENTS 158,796,450 0.9151 173,529,068 158,796,450
F1 - COMMERCIAL REAL 4,892,730 N/A 4,892,730 4,892,730
F2 - INDUSTRIAL REAL 1,179,150 N/A 1,179,150 1,179,150
G - ALL MINERALS 39,224,750 1.0209 38,421,736 39,224,750
J - ALL UTILITIES 151,334,630 0.9319 162,393,637 151,334,630
L1 - COMMERCIAL PERSONAL 3,183,340 N/A 3,183,340 3,183,340
L2 - INDUSTRIAL PERSONAL 8,301,860 N/A 8,301,860 8,301,860
M1 - MOBILE HOMES 14,203,270 N/A 14,203,270 14,203,270
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 483,379,230 0 508,536,175 483,379,230
Less Total Deductions 106,318,671 0 105,493,671 106,318,671
Total Taxable Value 377,060,559 0 403,042,504 377,060,559

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 410,399,579 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 377,060,559 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 410,399,579 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 377,060,559 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 422,414,579 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 430,424,579 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 387,525,785 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 410,399,579 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 377,060,559 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 410,399,579 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 377,060,559 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 422,414,579 T13 plus the loss to the chapter 313 agreement
T16 430,424,579 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 387,525,785 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 33,339,020 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 12,015,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 8,010,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED


Back to top

113-903-02/Lovelady ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 56,038,830 1.0149 55,216,110 56,038,830
B - MULTIFAMILY 322,070 N/A 322,070 322,070
C1 - VACANT LOTS 4,546,210 N/A 4,546,210 4,546,210
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 24,056,280 0.9604 25,047,334 24,056,280
D2 - FARM & RANCH IMP 17,299,660 N/A 17,299,660 17,299,660
E - NON-AG LAND AND IMPROVEMENTS 158,796,450 0.9151 173,529,068 158,796,450
F1 - COMMERCIAL REAL 4,892,730 N/A 4,892,730 4,892,730
F2 - INDUSTRIAL REAL 1,179,150 N/A 1,179,150 1,179,150
G - ALL MINERALS 39,224,750 1.0209 38,421,736 39,224,750
J - ALL UTILITIES 151,334,630 0.9319 162,393,637 151,334,630
L1 - COMMERCIAL PERSONAL 3,183,340 N/A 3,183,340 3,183,340
L2 - INDUSTRIAL PERSONAL 8,301,860 N/A 8,301,860 8,301,860
M1 - MOBILE HOMES 14,203,270 N/A 14,203,270 14,203,270
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 483,379,230 508,536,175 483,379,230
Less Total Deductions 106,318,671 105,493,671 106,318,671
Total Taxable Value 377,060,559 403,042,504 377,060,559

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 410,399,579 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 377,060,559 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 410,399,579 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 377,060,559 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 422,414,579 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 430,424,579 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 387,525,785 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 410,399,579 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 377,060,559 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 410,399,579 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 377,060,559 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 422,414,579 T13 plus the loss to the chapter 313 agreement
T16 430,424,579 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 387,525,785 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 33,339,020 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 12,015,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 8,010,000 Loss to Second Previous Homestead Increase

Back to top