taxes Property Tax Assistance

2023 ISD Summary Worksheet

Olton ISD (all splits)   Hale County   Lamb County  

095-Hale/Hale County

140-905/Olton ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 0 N/A 0 0
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,854,300 N/A 3,854,300 3,854,300
D2 - FARM & RANCH IMP 650,361 N/A 650,361 650,361
E - NON-AG LAND AND IMPROVEMENTS 9,123,450 N/A 9,123,450 9,123,450
F1 - COMMERCIAL REAL 81,542 N/A 81,542 81,542
F2 - INDUSTRIAL REAL 190,408 N/A 190,408 190,408
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 9,763,710 N/A 9,763,710 9,763,710
L1 - COMMERCIAL PERSONAL 556,612 N/A 556,612 556,612
L2 - INDUSTRIAL PERSONAL 571,684 N/A 571,684 571,684
M1 - MOBILE HOMES 0 N/A 0 0
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 24,792,067 0 24,792,067 24,792,067
Less Total Deductions 4,678,797 0 4,678,797 4,678,797
Total Taxable Value 20,113,270 0 20,113,270 20,113,270

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 21,657,002 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 20,113,270 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 21,657,002 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 20,113,270 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 22,197,002 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 22,557,002 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 20,343,400 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 21,657,002 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 20,113,270 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 21,657,002 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 20,113,270 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 22,197,002 T13 plus the loss to the chapter 313 agreement
T16 22,557,002 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 20,343,400 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 1,543,732 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 540,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 360,000 Loss to Second Previous Homestead Increase

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


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140-Lamb/Lamb County

140-905/Olton ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 51,211,410 N/A 51,211,410 51,211,410
B - MULTIFAMILY 153,360 N/A 153,360 153,360
C1 - VACANT LOTS 389,980 N/A 389,980 389,980
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 21,040,824 N/A 21,040,824 21,040,824
D2 - FARM & RANCH IMP 3,089,351 N/A 3,089,351 3,089,351
E - NON-AG LAND AND IMPROVEMENTS 28,273,280 N/A 28,273,280 28,273,280
F1 - COMMERCIAL REAL 5,404,370 N/A 5,404,370 5,404,370
F2 - INDUSTRIAL REAL 9,930,810 N/A 9,930,810 9,930,810
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 22,477,590 N/A 22,477,590 22,477,590
L1 - COMMERCIAL PERSONAL 7,497,960 N/A 7,497,960 7,497,960
L2 - INDUSTRIAL PERSONAL 2,729,670 N/A 2,729,670 2,729,670
M1 - MOBILE HOMES 1,830,020 N/A 1,830,020 1,830,020
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 839,890 N/A 839,890 839,890
Subtotal 154,868,515 0 154,868,515 154,868,515
Less Total Deductions 34,199,387 0 34,199,387 34,199,387
Total Taxable Value 120,669,128 0 120,669,128 120,669,128

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 129,060,404 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 120,669,128 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 129,060,404 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 120,669,128 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 136,665,404 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 141,735,404 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 120,266,810 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 129,060,404 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 120,669,128 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 129,060,404 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 120,669,128 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 136,665,404 T13 plus the loss to the chapter 313 agreement
T16 141,735,404 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 120,266,810 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 8,391,276 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 7,605,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 5,070,000 Loss to Second Previous Homestead Increase

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


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140-905-02/Olton ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 51,211,410 N/A 51,211,410 51,211,410
B - MULTIFAMILY 153,360 N/A 153,360 153,360
C1 - VACANT LOTS 389,980 N/A 389,980 389,980
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 24,895,124 N/A 24,895,124 24,895,124
D2 - FARM & RANCH IMP 3,739,712 N/A 3,739,712 3,739,712
E - NON-AG LAND AND IMPROVEMENTS 37,396,730 N/A 37,396,730 37,396,730
F1 - COMMERCIAL REAL 5,485,912 N/A 5,485,912 5,485,912
F2 - INDUSTRIAL REAL 10,121,218 N/A 10,121,218 10,121,218
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 32,241,300 N/A 32,241,300 32,241,300
L1 - COMMERCIAL PERSONAL 8,054,572 N/A 8,054,572 8,054,572
L2 - INDUSTRIAL PERSONAL 3,301,354 N/A 3,301,354 3,301,354
M1 - MOBILE HOMES 1,830,020 N/A 1,830,020 1,830,020
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 839,890 N/A 839,890 839,890
Subtotal 179,660,582 179,660,582 179,660,582
Less Total Deductions 38,878,184 38,878,184 38,878,184
Total Taxable Value 140,782,398 140,782,398 140,782,398

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 150,717,406 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 140,782,398 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 150,717,406 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 140,782,398 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 158,862,406 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 164,292,406 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 140,610,210 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 150,717,406 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 140,782,398 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 150,717,406 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 140,782,398 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 158,862,406 T13 plus the loss to the chapter 313 agreement
T16 164,292,406 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 140,610,210 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 9,935,008 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 8,145,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 5,430,000 Loss to Second Previous Homestead Increase

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