taxes Property Tax Assistance

2023 ISD Summary Worksheet

Littlefield ISD (all splits)   Lamb County  

140-Lamb/Lamb County

140-904/Littlefield ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 163,013,815 0.9024 180,644,742 180,644,742
B - MULTIFAMILY 3,477,870 N/A 3,477,870 3,477,870
C1 - VACANT LOTS 1,234,280 N/A 1,234,280 1,234,280
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 20,341,215 1.0895 18,669,400 18,669,400
D2 - FARM & RANCH IMP 1,612,120 N/A 1,612,120 1,612,120
E - NON-AG LAND AND IMPROVEMENTS 22,611,489 0.7498 30,156,694 30,156,694
F1 - COMMERCIAL REAL 31,341,745 0.9600 32,647,651 32,647,651
F2 - INDUSTRIAL REAL 221,622,250 N/A 221,622,250 221,622,250
G - ALL MINERALS 5,599,840 N/A 5,599,840 5,599,840
J - ALL UTILITIES 47,956,851 0.9811 48,880,696 48,880,696
L1 - COMMERCIAL PERSONAL 13,802,300 N/A 13,802,300 13,802,300
L2 - INDUSTRIAL PERSONAL 48,995,200 N/A 48,995,200 48,995,200
M1 - MOBILE HOMES 2,227,260 N/A 2,227,260 2,227,260
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 5,670 N/A 5,670 5,670
S - SPECIAL INVENTORY 2,149,110 N/A 2,149,110 2,149,110
Subtotal 585,991,015 0 611,725,083 611,725,083
Less Total Deductions 305,061,267 0 311,289,488 311,289,488
Total Taxable Value 280,929,748 0 300,435,595 300,435,595

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 329,024,253 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 300,435,595 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 329,024,253 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 300,435,595 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 350,414,253 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 364,674,253 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 304,999,012 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 507,329,853 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 478,741,195 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 507,329,853 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 478,741,195 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 528,719,853 T13 plus the loss to the chapter 313 agreement
T16 542,979,853 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 483,304,612 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 28,588,658 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 21,390,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 14,260,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE


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140-904-02/Littlefield ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 163,013,815 0.9024 180,644,742 180,644,742
B - MULTIFAMILY 3,477,870 N/A 3,477,870 3,477,870
C1 - VACANT LOTS 1,234,280 N/A 1,234,280 1,234,280
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 20,341,215 1.0895 18,669,400 18,669,400
D2 - FARM & RANCH IMP 1,612,120 N/A 1,612,120 1,612,120
E - NON-AG LAND AND IMPROVEMENTS 22,611,489 0.7498 30,156,694 30,156,694
F1 - COMMERCIAL REAL 31,341,745 0.9600 32,647,651 32,647,651
F2 - INDUSTRIAL REAL 221,622,250 N/A 221,622,250 221,622,250
G - ALL MINERALS 5,599,840 N/A 5,599,840 5,599,840
J - ALL UTILITIES 47,956,851 0.9811 48,880,696 48,880,696
L1 - COMMERCIAL PERSONAL 13,802,300 N/A 13,802,300 13,802,300
L2 - INDUSTRIAL PERSONAL 48,995,200 N/A 48,995,200 48,995,200
M1 - MOBILE HOMES 2,227,260 N/A 2,227,260 2,227,260
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 5,670 N/A 5,670 5,670
S - SPECIAL INVENTORY 2,149,110 N/A 2,149,110 2,149,110
Subtotal 585,991,015 611,725,083 611,725,083
Less Total Deductions 305,061,267 311,289,488 311,289,488
Total Taxable Value 280,929,748 300,435,595 300,435,595

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 329,024,253 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 300,435,595 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 329,024,253 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 300,435,595 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 350,414,253 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 364,674,253 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 304,999,012 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 507,329,853 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 478,741,195 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 507,329,853 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 478,741,195 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 528,719,853 T13 plus the loss to the chapter 313 agreement
T16 542,979,853 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 483,304,612 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 28,588,658 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 21,390,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 14,260,000 Loss to Second Previous Homestead Increase

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