taxes Property Tax Assistance

2024 ISD Summary Worksheet

Shallowater ISD (all splits)   Lubbock County  

152-Lubbock/Lubbock County

152-909/Shallowater ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 438,205,995 N/A 438,205,995 438,205,995
B - MULTIFAMILY 13,862,906 N/A 13,862,906 13,862,906
C1 - VACANT LOTS 11,904,309 N/A 11,904,309 11,904,309
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,236,880 N/A 11,236,880 11,236,880
D2 - FARM & RANCH IMP 336,568 N/A 336,568 336,568
E - NON-AG LAND AND IMPROVEMENTS 130,253,063 N/A 130,253,063 130,253,063
F1 - COMMERCIAL REAL 44,597,475 N/A 44,597,475 44,597,475
F2 - INDUSTRIAL REAL 33,858 N/A 33,858 33,858
G - ALL MINERALS 43,007,070 N/A 43,007,070 43,007,070
J - ALL UTILITIES 30,465,793 N/A 30,465,793 30,465,793
L1 - COMMERCIAL PERSONAL 28,317,280 N/A 28,317,280 28,317,280
L2 - INDUSTRIAL PERSONAL 5,817,340 N/A 5,817,340 5,817,340
M1 - MOBILE HOMES 9,966,994 N/A 9,966,994 9,966,994
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 3,816,683 N/A 3,816,683 3,816,683
S - SPECIAL INVENTORY 552,553 N/A 552,553 552,553
Subtotal 772,374,767 0 772,374,767 772,374,767
Less Total Deductions 205,591,701 0 205,591,701 205,591,701
Total Taxable Value 566,783,066 0 566,783,066 566,783,066

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's office 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 school 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 633,903,355 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 566,783,066 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 633,903,355 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 566,783,066 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 657,018,355 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 672,428,355 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 570,831,106 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 633,903,355 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 566,783,066 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 633,903,355 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 566,783,066 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 657,018,355 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 672,428,355 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 570,831,106 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 67,120,289 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 23,115,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 15,410,000 Loss to the third most recent increase in the state-mandated homestead exemption

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


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152-909-02/Shallowater ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 438,205,995 N/A 438,205,995 438,205,995
B - MULTIFAMILY 13,862,906 N/A 13,862,906 13,862,906
C1 - VACANT LOTS 11,904,309 N/A 11,904,309 11,904,309
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,236,880 N/A 11,236,880 11,236,880
D2 - FARM & RANCH IMP 336,568 N/A 336,568 336,568
E - NON-AG LAND AND IMPROVEMENTS 130,253,063 N/A 130,253,063 130,253,063
F1 - COMMERCIAL REAL 44,597,475 N/A 44,597,475 44,597,475
F2 - INDUSTRIAL REAL 33,858 N/A 33,858 33,858
G - ALL MINERALS 43,007,070 N/A 43,007,070 43,007,070
J - ALL UTILITIES 30,465,793 N/A 30,465,793 30,465,793
L1 - COMMERCIAL PERSONAL 28,317,280 N/A 28,317,280 28,317,280
L2 - INDUSTRIAL PERSONAL 5,817,340 N/A 5,817,340 5,817,340
M1 - MOBILE HOMES 9,966,994 N/A 9,966,994 9,966,994
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 3,816,683 N/A 3,816,683 3,816,683
S - SPECIAL INVENTORY 552,553 N/A 552,553 552,553
Subtotal 772,374,767 772,374,767 772,374,767
Less Total Deductions 205,591,701 205,591,701 205,591,701
Total Taxable Value 566,783,066 566,783,066 566,783,066

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's office 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 school 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 633,903,355 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 566,783,066 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 633,903,355 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 566,783,066 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 657,018,355 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 672,428,355 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 570,831,106 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 633,903,355 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 566,783,066 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 633,903,355 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 566,783,066 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 657,018,355 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 672,428,355 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 570,831,106 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 67,120,289 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 23,115,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 15,410,000 Loss to the third most recent increase in the state-mandated homestead exemption

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