taxes Property Tax Assistance

2024 ISD Summary Worksheet

Lasara ISD (all splits)   Willacy County  

245-Willacy/Willacy County

245-901/Lasara ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 28,377,163 0.8509 33,349,586 33,349,586
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,941,244 N/A 1,941,244 1,941,244
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 8,480,953 1.2196 6,954,051 6,954,051
D2 - FARM & RANCH IMP 351,485 N/A 351,485 351,485
E - NON-AG LAND AND IMPROVEMENTS 12,730,317 0.8095 15,726,148 15,726,148
F1 - COMMERCIAL REAL 1,477,700 N/A 1,477,700 1,477,700
F2 - INDUSTRIAL REAL 11,500 N/A 11,500 11,500
G - ALL MINERALS 1,859,990 1.0268 1,811,443 1,811,443
J - ALL UTILITIES 4,674,679 0.9488 4,926,938 4,926,938
L1 - COMMERCIAL PERSONAL 510,440 N/A 510,440 510,440
L2 - INDUSTRIAL PERSONAL 1,149,150 N/A 1,149,150 1,149,150
M1 - MOBILE HOMES 169,172 N/A 169,172 169,172
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 61,733,793 0 68,378,857 68,378,857
Less Total Deductions 21,493,870 0 23,327,060 23,327,060
Total Taxable Value 40,239,923 0 45,051,797 45,051,797

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 51,806,392 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 45,051,797 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 51,806,392 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 45,051,797 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 56,066,392 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 58,906,392 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 45,051,797 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 51,806,392 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 45,051,797 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 51,806,392 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 45,051,797 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 56,066,392 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 58,906,392 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 45,051,797 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 6,754,595 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 4,260,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 2,840,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE THE APPRAISAL DISTRICT FAILED THEIR MOST RECENT MAP AND YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE.


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245-901-02/Lasara ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 28,377,163 0.8509 33,349,586 33,349,586
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 1,941,244 N/A 1,941,244 1,941,244
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 8,480,953 1.2196 6,954,051 6,954,051
D2 - FARM & RANCH IMP 351,485 N/A 351,485 351,485
E - NON-AG LAND AND IMPROVEMENTS 12,730,317 0.8095 15,726,148 15,726,148
F1 - COMMERCIAL REAL 1,477,700 N/A 1,477,700 1,477,700
F2 - INDUSTRIAL REAL 11,500 N/A 11,500 11,500
G - ALL MINERALS 1,859,990 1.0268 1,811,443 1,811,443
J - ALL UTILITIES 4,674,679 0.9488 4,926,938 4,926,938
L1 - COMMERCIAL PERSONAL 510,440 N/A 510,440 510,440
L2 - INDUSTRIAL PERSONAL 1,149,150 N/A 1,149,150 1,149,150
M1 - MOBILE HOMES 169,172 N/A 169,172 169,172
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 61,733,793 68,378,857 68,378,857
Less Total Deductions 21,493,870 23,327,060 23,327,060
Total Taxable Value 40,239,923 45,051,797 45,051,797

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 51,806,392 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 45,051,797 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 51,806,392 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 45,051,797 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 56,066,392 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 58,906,392 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 45,051,797 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 51,806,392 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 45,051,797 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 51,806,392 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 45,051,797 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 56,066,392 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 58,906,392 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 45,051,797 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 6,754,595 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 4,260,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 2,840,000 Loss to the third most recent increase in the state-mandated homestead exemption

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