taxes Property Tax Assistance

2024 ISD Summary Worksheet

Springlake-Earth ISD (all splits)   Castro County   Lamb County  

035-Castro/Castro County

140-907/Springlake-Earth 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 12,672,001 2.0322 6,235,727 12,672,001
D2 - FARM & RANCH IMP 700,770 N/A 700,770 700,770
E - NON-AG LAND AND IMPROVEMENTS 5,292,630 0.9014 5,871,566 5,292,630
F1 - COMMERCIAL REAL 189,220 N/A 189,220 189,220
F2 - INDUSTRIAL REAL 12,387,310 N/A 12,387,310 12,387,310
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 4,240,880 0.9780 4,336,278 4,240,880
L1 - COMMERCIAL PERSONAL 0 N/A 0 0
L2 - INDUSTRIAL PERSONAL 684,610 N/A 684,610 684,610
M1 - MOBILE HOMES 69,080 N/A 69,080 69,080
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 36,236,501 0 30,474,561 36,236,501
Less Total Deductions 2,289,830 0 2,289,830 2,289,830
Total Taxable Value 33,946,671 0 28,184,731 33,946,671

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 34,442,593 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 33,946,671 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 34,442,593 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 33,946,671 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 34,682,593 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 34,842,593 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 33,946,671 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 34,442,593 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 33,946,671 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 34,442,593 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 33,946,671 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 34,682,593 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 34,842,593 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 33,946,671 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 495,922 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 240,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 160,000 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 LOCAL VALUE IS GREATER THAN PTAD VALUE.


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140-Lamb/Lamb County

140-907/Springlake-Earth ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 29,015,312 0.7713 37,618,711 29,015,312
B - MULTIFAMILY 29,700 N/A 29,700 29,700
C1 - VACANT LOTS 234,850 N/A 234,850 234,850
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 12,314,981 1.9851 6,203,581 12,314,981
D2 - FARM & RANCH IMP 1,210,230 N/A 1,210,230 1,210,230
E - NON-AG LAND AND IMPROVEMENTS 13,669,962 0.8634 15,832,710 13,669,962
F1 - COMMERCIAL REAL 2,431,270 N/A 2,431,270 2,431,270
F2 - INDUSTRIAL REAL 1,603,370 N/A 1,603,370 1,603,370
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 12,534,040 0.9370 13,376,777 12,534,040
L1 - COMMERCIAL PERSONAL 1,725,190 N/A 1,725,190 1,725,190
L2 - INDUSTRIAL PERSONAL 2,748,740 N/A 2,748,740 2,748,740
M1 - MOBILE HOMES 730,930 N/A 730,930 730,930
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 78,248,575 0 83,746,059 78,248,575
Less Total Deductions 21,178,889 0 24,557,388 21,178,889
Total Taxable Value 57,069,686 0 59,188,671 57,069,686

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 62,543,258 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 57,069,686 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 62,543,258 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 57,069,686 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 66,848,258 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 69,718,258 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 58,669,515 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 62,543,258 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 57,069,686 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 62,543,258 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 57,069,686 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 66,848,258 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 69,718,258 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 58,669,515 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 5,473,572 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 4,305,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 2,870,000 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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140-907-02/Springlake-Earth ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 29,015,312 0.7713 37,618,711 29,015,312
B - MULTIFAMILY 29,700 N/A 29,700 29,700
C1 - VACANT LOTS 234,850 N/A 234,850 234,850
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 24,986,982 2.0087 12,439,308 24,986,982
D2 - FARM & RANCH IMP 1,911,000 N/A 1,911,000 1,911,000
E - NON-AG LAND AND IMPROVEMENTS 18,962,592 0.8737 21,704,276 18,962,592
F1 - COMMERCIAL REAL 2,620,490 N/A 2,620,490 2,620,490
F2 - INDUSTRIAL REAL 13,990,680 N/A 13,990,680 13,990,680
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 16,774,920 0.9470 17,713,055 16,774,920
L1 - COMMERCIAL PERSONAL 1,725,190 N/A 1,725,190 1,725,190
L2 - INDUSTRIAL PERSONAL 3,433,350 N/A 3,433,350 3,433,350
M1 - MOBILE HOMES 800,010 N/A 800,010 800,010
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 114,485,076 114,220,620 114,485,076
Less Total Deductions 23,468,719 26,847,218 23,468,719
Total Taxable Value 91,016,357 87,373,402 91,016,357

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 96,985,851 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 91,016,357 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 96,985,851 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 91,016,357 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 101,530,851 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 104,560,851 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 92,616,186 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 96,985,851 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 91,016,357 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 96,985,851 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 91,016,357 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 101,530,851 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 104,560,851 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 92,616,186 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 5,969,494 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 4,545,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 3,030,000 Loss to the third most recent increase in the state-mandated homestead exemption

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