taxes Property Tax Assistance

2024 ISD Summary Worksheet

Littlefield ISD (all splits)   Lamb County  

140-Lamb/Lamb County

140-904/Littlefield ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 174,106,611 0.8027 216,901,222 216,901,222
B - MULTIFAMILY 3,703,960 N/A 3,703,960 3,703,960
C1 - VACANT LOTS 1,254,410 N/A 1,254,410 1,254,410
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 20,628,733 1.7063 12,089,811 12,089,811
D2 - FARM & RANCH IMP 1,619,900 N/A 1,619,900 1,619,900
E - NON-AG LAND AND IMPROVEMENTS 22,911,269 0.7579 30,229,937 30,229,937
F1 - COMMERCIAL REAL 31,361,005 0.9237 33,951,505 33,951,505
F2 - INDUSTRIAL REAL 213,734,030 N/A 213,734,030 213,734,030
G - ALL MINERALS 6,179,630 N/A 6,179,630 6,179,630
J - ALL UTILITIES 52,662,431 0.9454 55,703,862 55,703,862
L1 - COMMERCIAL PERSONAL 14,002,670 N/A 14,002,670 14,002,670
L2 - INDUSTRIAL PERSONAL 25,871,200 N/A 25,871,200 25,871,200
M1 - MOBILE HOMES 2,789,270 N/A 2,789,270 2,789,270
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 5,670 N/A 5,670 5,670
S - SPECIAL INVENTORY 3,627,540 N/A 3,627,540 3,627,540
Subtotal 574,458,329 0 621,664,617 621,664,617
Less Total Deductions 303,279,524 0 317,988,464 317,988,464
Total Taxable Value 271,178,805 0 303,676,153 303,676,153

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 336,406,834 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 303,676,153 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 336,406,834 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 303,676,153 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 357,931,834 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 372,281,834 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 315,874,508 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 507,511,744 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 474,781,063 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 507,511,744 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 474,781,063 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 529,036,744 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 543,386,744 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 486,979,418 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 32,730,681 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 21,525,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 14,350,000 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 YOUR SCHOOL DISTRICT WAS NOT VALID IN THE LAST TWO STUDIES.


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140-904-02/Littlefield ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 174,106,611 0.8027 216,901,222 216,901,222
B - MULTIFAMILY 3,703,960 N/A 3,703,960 3,703,960
C1 - VACANT LOTS 1,254,410 N/A 1,254,410 1,254,410
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 20,628,733 1.7063 12,089,811 12,089,811
D2 - FARM & RANCH IMP 1,619,900 N/A 1,619,900 1,619,900
E - NON-AG LAND AND IMPROVEMENTS 22,911,269 0.7579 30,229,937 30,229,937
F1 - COMMERCIAL REAL 31,361,005 0.9237 33,951,505 33,951,505
F2 - INDUSTRIAL REAL 213,734,030 N/A 213,734,030 213,734,030
G - ALL MINERALS 6,179,630 N/A 6,179,630 6,179,630
J - ALL UTILITIES 52,662,431 0.9454 55,703,862 55,703,862
L1 - COMMERCIAL PERSONAL 14,002,670 N/A 14,002,670 14,002,670
L2 - INDUSTRIAL PERSONAL 25,871,200 N/A 25,871,200 25,871,200
M1 - MOBILE HOMES 2,789,270 N/A 2,789,270 2,789,270
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 5,670 N/A 5,670 5,670
S - SPECIAL INVENTORY 3,627,540 N/A 3,627,540 3,627,540
Subtotal 574,458,329 621,664,617 621,664,617
Less Total Deductions 303,279,524 317,988,464 317,988,464
Total Taxable Value 271,178,805 303,676,153 303,676,153

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 336,406,834 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 303,676,153 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 336,406,834 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 303,676,153 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 357,931,834 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 372,281,834 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 315,874,508 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 507,511,744 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 474,781,063 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 507,511,744 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 474,781,063 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 529,036,744 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 543,386,744 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 486,979,418 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 32,730,681 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 21,525,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 14,350,000 Loss to the third most recent increase in the state-mandated homestead exemption

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