taxes Property Tax Assistance

2024 ISD Summary Worksheet

Olton ISD (all splits)   Hale County   Lamb County  

095-Hale/Hale County

140-905/Olton ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 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 4,312,037 1.1632 3,707,130 4,312,037
D2 - FARM & RANCH IMP 650,360 N/A 650,360 650,360
E - NON-AG LAND AND IMPROVEMENTS 10,221,112 1.0199 10,021,681 10,221,112
F1 - COMMERCIAL REAL 100,307 N/A 100,307 100,307
F2 - INDUSTRIAL REAL 190,408 N/A 190,408 190,408
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 10,286,422 0.9695 10,610,028 10,286,422
L1 - COMMERCIAL PERSONAL 580,708 N/A 580,708 580,708
L2 - INDUSTRIAL PERSONAL 32,004 N/A 32,004 32,004
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 26,373,358 0 25,892,626 26,373,358
Less Total Deductions 4,474,277 0 4,474,277 4,474,277
Total Taxable Value 21,899,081 0 21,418,349 21,899,081

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 23,550,384 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 21,899,081 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 23,550,384 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 21,899,081 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 24,090,384 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 24,450,384 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 21,904,430 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 23,550,384 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 21,899,081 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 23,550,384 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 21,899,081 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 24,090,384 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 24,450,384 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 21,904,430 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 1,651,303 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 540,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 360,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED.


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140-Lamb/Lamb County

140-905/Olton ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 54,119,500 0.8802 61,485,458 54,119,500
B - MULTIFAMILY 153,890 N/A 153,890 153,890
C1 - VACANT LOTS 394,122 N/A 394,122 394,122
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 23,810,614 1.9593 12,152,517 23,810,614
D2 - FARM & RANCH IMP 3,132,121 N/A 3,132,121 3,132,121
E - NON-AG LAND AND IMPROVEMENTS 26,291,970 0.6720 39,124,955 26,291,970
F1 - COMMERCIAL REAL 5,355,080 N/A 5,355,080 5,355,080
F2 - INDUSTRIAL REAL 10,059,630 N/A 10,059,630 10,059,630
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 24,658,180 0.9491 25,980,592 24,658,180
L1 - COMMERCIAL PERSONAL 9,035,790 0.9851 9,172,460 9,035,790
L2 - INDUSTRIAL PERSONAL 4,211,630 N/A 4,211,630 4,211,630
M1 - MOBILE HOMES 1,951,700 N/A 1,951,700 1,951,700
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 832,850 N/A 832,850 832,850
Subtotal 164,007,077 0 174,007,005 164,007,077
Less Total Deductions 36,339,173 0 38,906,814 36,339,173
Total Taxable Value 127,667,904 0 135,100,191 127,667,904

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 137,865,137 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 127,667,904 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 137,865,137 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 127,667,904 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 145,515,137 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 150,615,137 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 130,402,899 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 137,865,137 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 127,667,904 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 137,865,137 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 127,667,904 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 145,515,137 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 150,615,137 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 130,402,899 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 10,197,233 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 7,650,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 5,100,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD.


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140-905-02/Olton ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 54,119,500 0.8802 61,485,458 54,119,500
B - MULTIFAMILY 153,890 N/A 153,890 153,890
C1 - VACANT LOTS 394,122 N/A 394,122 394,122
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 28,122,651 1.7732 15,859,647 28,122,651
D2 - FARM & RANCH IMP 3,782,481 N/A 3,782,481 3,782,481
E - NON-AG LAND AND IMPROVEMENTS 36,513,082 0.7429 49,146,636 36,513,082
F1 - COMMERCIAL REAL 5,455,387 N/A 5,455,387 5,455,387
F2 - INDUSTRIAL REAL 10,250,038 N/A 10,250,038 10,250,038
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 34,944,602 0.9550 36,590,620 34,944,602
L1 - COMMERCIAL PERSONAL 9,616,498 0.9860 9,753,168 9,616,498
L2 - INDUSTRIAL PERSONAL 4,243,634 N/A 4,243,634 4,243,634
M1 - MOBILE HOMES 1,951,700 N/A 1,951,700 1,951,700
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 832,850 N/A 832,850 832,850
Subtotal 190,380,435 199,899,631 190,380,435
Less Total Deductions 40,813,450 43,381,091 40,813,450
Total Taxable Value 149,566,985 156,518,540 149,566,985

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 161,415,521 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 149,566,985 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 161,415,521 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 149,566,985 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 169,605,521 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 175,065,521 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 152,307,329 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 161,415,521 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 149,566,985 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 161,415,521 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 149,566,985 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 169,605,521 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 175,065,521 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 152,307,329 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 11,848,536 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 8,190,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 5,460,000 Loss to the third most recent increase in the state-mandated homestead exemption

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