taxes Property Tax Assistance

2023 ISD Summary Worksheet

Idalou ISD (all splits)   Lubbock County  

152-Lubbock/Lubbock County

152-910/Idalou ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 213,567,840 0.9479 225,306,298 213,567,840
B - MULTIFAMILY 2,338,849 N/A 2,338,849 2,338,849
C1 - VACANT LOTS 6,557,025 N/A 6,557,025 6,557,025
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 16,927,228 0.8449 20,034,827 16,927,228
D2 - FARM & RANCH IMP 471,533 N/A 471,533 471,533
E - NON-AG LAND AND IMPROVEMENTS 98,517,199 0.9778 100,753,936 98,517,199
F1 - COMMERCIAL REAL 25,142,831 1.0154 24,761,504 25,142,831
F2 - INDUSTRIAL REAL 6,909,875 N/A 6,909,875 6,909,875
G - ALL MINERALS 12,968,700 N/A 12,968,700 12,968,700
J - ALL UTILITIES 13,633,808 N/A 13,633,808 13,633,808
L1 - COMMERCIAL PERSONAL 102,696,431 0.9542 107,625,687 102,696,431
L2 - INDUSTRIAL PERSONAL 1,428,866 N/A 1,428,866 1,428,866
M1 - MOBILE HOMES 682,483 N/A 682,483 682,483
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 56,804 N/A 56,804 56,804
Subtotal 501,899,472 0 523,530,195 501,899,472
Less Total Deductions 123,517,744 0 128,377,639 123,517,744
Total Taxable Value 378,381,728 0 395,152,556 378,381,728

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 427,065,738 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 378,381,728 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 427,065,738 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 378,381,728 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 441,300,738 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 450,790,738 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 383,488,338 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 427,065,738 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 378,381,728 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 427,065,738 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 378,381,728 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 441,300,738 T13 plus the loss to the chapter 313 agreement
T16 450,790,738 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 383,488,338 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 48,684,010 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 14,235,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 9,490,000 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


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152-910-02/Idalou ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 213,567,840 0.9479 225,306,298 213,567,840
B - MULTIFAMILY 2,338,849 N/A 2,338,849 2,338,849
C1 - VACANT LOTS 6,557,025 N/A 6,557,025 6,557,025
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 16,927,228 0.8449 20,034,827 16,927,228
D2 - FARM & RANCH IMP 471,533 N/A 471,533 471,533
E - NON-AG LAND AND IMPROVEMENTS 98,517,199 0.9778 100,753,936 98,517,199
F1 - COMMERCIAL REAL 25,142,831 1.0154 24,761,504 25,142,831
F2 - INDUSTRIAL REAL 6,909,875 N/A 6,909,875 6,909,875
G - ALL MINERALS 12,968,700 N/A 12,968,700 12,968,700
J - ALL UTILITIES 13,633,808 N/A 13,633,808 13,633,808
L1 - COMMERCIAL PERSONAL 102,696,431 0.9542 107,625,687 102,696,431
L2 - INDUSTRIAL PERSONAL 1,428,866 N/A 1,428,866 1,428,866
M1 - MOBILE HOMES 682,483 N/A 682,483 682,483
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 56,804 N/A 56,804 56,804
Subtotal 501,899,472 523,530,195 501,899,472
Less Total Deductions 123,517,744 128,377,639 123,517,744
Total Taxable Value 378,381,728 395,152,556 378,381,728

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 427,065,738 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 378,381,728 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 427,065,738 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 378,381,728 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 441,300,738 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 450,790,738 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 383,488,338 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 427,065,738 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 378,381,728 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 427,065,738 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 378,381,728 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 441,300,738 T13 plus the loss to the chapter 313 agreement
T16 450,790,738 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 383,488,338 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 48,684,010 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 14,235,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 9,490,000 Loss to Second Previous Homestead Increase

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