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2023 ISD Summary Worksheet
148-Lipscomb/Lipscomb County
148-902/Follett ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 9,044,910 | N/A | 9,044,910 | 9,044,910 |
| B - MULTIFAMILY | 0 | N/A | 0 | 0 |
| C1 - VACANT LOTS | 68,570 | N/A | 68,570 | 68,570 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 11,066,430 | N/A | 11,066,430 | 11,066,430 |
| D2 - FARM & RANCH IMP | 2,811,550 | N/A | 2,811,550 | 2,811,550 |
| E - NON-AG LAND AND IMPROVEMENTS | 4,320,140 | N/A | 4,320,140 | 4,320,140 |
| F1 - COMMERCIAL REAL | 1,259,100 | N/A | 1,259,100 | 1,259,100 |
| F2 - INDUSTRIAL REAL | 304,110 | N/A | 304,110 | 304,110 |
| G - ALL MINERALS | 99,266,684 | N/A | 99,266,684 | 99,266,684 |
| J - ALL UTILITIES | 14,138,490 | N/A | 14,138,490 | 14,138,490 |
| L1 - COMMERCIAL PERSONAL | 900,343 | N/A | 900,343 | 900,343 |
| L2 - INDUSTRIAL PERSONAL | 301,732 | N/A | 301,732 | 301,732 |
| M1 - MOBILE HOMES | 170,340 | N/A | 170,340 | 170,340 |
| 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 | 143,652,399 | 0 | 143,652,399 | 143,652,399 |
| Less Total Deductions | 8,451,298 | 0 | 8,451,298 | 8,451,298 |
| Total Taxable Value | 135,201,101 | 0 | 135,201,101 | 135,201,101 |
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 | 137,689,471 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 135,201,101 | 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 | 137,689,471 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 135,201,101 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 139,864,471 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 141,314,471 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 135,226,016 | 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 | 137,689,471 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 135,201,101 | 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 | 137,689,471 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 135,201,101 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 139,864,471 | T13 plus the loss to the chapter 313 agreement |
| T16 | 141,314,471 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 135,226,016 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 2,488,370 | 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 | 2,175,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 1,450,000 | Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED
148-902-02/Follett ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 9,044,910 | N/A | 9,044,910 | 9,044,910 |
| B - MULTIFAMILY | 0 | N/A | 0 | 0 |
| C1 - VACANT LOTS | 68,570 | N/A | 68,570 | 68,570 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 11,066,430 | N/A | 11,066,430 | 11,066,430 |
| D2 - FARM & RANCH IMP | 2,811,550 | N/A | 2,811,550 | 2,811,550 |
| E - NON-AG LAND AND IMPROVEMENTS | 4,320,140 | N/A | 4,320,140 | 4,320,140 |
| F1 - COMMERCIAL REAL | 1,259,100 | N/A | 1,259,100 | 1,259,100 |
| F2 - INDUSTRIAL REAL | 304,110 | N/A | 304,110 | 304,110 |
| G - ALL MINERALS | 99,266,684 | N/A | 99,266,684 | 99,266,684 |
| J - ALL UTILITIES | 14,138,490 | N/A | 14,138,490 | 14,138,490 |
| L1 - COMMERCIAL PERSONAL | 900,343 | N/A | 900,343 | 900,343 |
| L2 - INDUSTRIAL PERSONAL | 301,732 | N/A | 301,732 | 301,732 |
| M1 - MOBILE HOMES | 170,340 | N/A | 170,340 | 170,340 |
| 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 | 143,652,399 | 143,652,399 | 143,652,399 | |
| Less Total Deductions | 8,451,298 | 8,451,298 | 8,451,298 | |
| Total Taxable Value | 135,201,101 | 135,201,101 | 135,201,101 |
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 | 137,689,471 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 135,201,101 | 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 | 137,689,471 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 135,201,101 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 139,864,471 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 141,314,471 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 135,226,016 | 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 | 137,689,471 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 135,201,101 | 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 | 137,689,471 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 135,201,101 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 139,864,471 | T13 plus the loss to the chapter 313 agreement |
| T16 | 141,314,471 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 135,226,016 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 2,488,370 | 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 | 2,175,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 1,450,000 | Loss to Second Previous Homestead Increase |