taxes Property Tax Assistance

2024 ISD Summary Worksheet

Lorenzo ISD (all splits)   Crosby County   Lubbock County  

054-Crosby/Crosby County

054-902/Lorenzo ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 29,177,290 0.9519 30,651,634 29,177,290
B - MULTIFAMILY 236,840 N/A 236,840 236,840
C1 - VACANT LOTS 274,340 N/A 274,340 274,340
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 23,873,558 0.9712 24,581,853 23,873,558
D2 - FARM & RANCH IMP 3,904,594 N/A 3,904,594 3,904,594
E - NON-AG LAND AND IMPROVEMENTS 15,965,680 0.9530 16,753,075 15,965,680
F1 - COMMERCIAL REAL 3,431,190 N/A 3,431,190 3,431,190
F2 - INDUSTRIAL REAL 66,746,320 N/A 66,746,320 66,746,320
G - ALL MINERALS 49,488,510 1.0421 47,489,214 49,488,510
J - ALL UTILITIES 7,849,780 0.9679 8,110,115 7,849,780
L1 - COMMERCIAL PERSONAL 3,028,450 N/A 3,028,450 3,028,450
L2 - INDUSTRIAL PERSONAL 12,346,536 N/A 12,346,536 12,346,536
M1 - MOBILE HOMES 194,520 N/A 194,520 194,520
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 2,381,920 N/A 2,381,920 2,381,920
Subtotal 218,899,528 0 220,130,601 218,899,528
Less Total Deductions 59,818,253 0 60,194,964 59,818,253
Total Taxable Value 159,081,275 0 159,935,637 159,081,275

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 167,414,417 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 159,081,275 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 167,414,417 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 159,081,275 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 171,434,417 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 174,114,417 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 159,699,766 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 201,047,027 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 192,713,885 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 201,047,027 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 192,713,885 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 205,067,027 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 207,747,027 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 193,332,376 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 8,333,142 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 4,020,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 2,680,000 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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152-Lubbock/Lubbock County

054-902/Lorenzo ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 1,446,429 N/A 1,446,429 1,446,429
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 537,855 N/A 537,855 537,855
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,918,568 N/A 5,918,568 5,918,568
D2 - FARM & RANCH IMP 48,515 N/A 48,515 48,515
E - NON-AG LAND AND IMPROVEMENTS 4,719,059 N/A 4,719,059 4,719,059
F1 - COMMERCIAL REAL 668,567 N/A 668,567 668,567
F2 - INDUSTRIAL REAL 0 N/A 0 0
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 1,322,290 N/A 1,322,290 1,322,290
L1 - COMMERCIAL PERSONAL 442,087 N/A 442,087 442,087
L2 - INDUSTRIAL PERSONAL 249,340 N/A 249,340 249,340
M1 - MOBILE HOMES 111,168 N/A 111,168 111,168
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 15,463,878 0 15,463,878 15,463,878
Less Total Deductions 2,704,891 0 2,704,891 2,704,891
Total Taxable Value 12,758,987 0 12,758,987 12,758,987

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 13,677,037 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 12,758,987 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 13,677,037 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 12,758,987 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 13,977,037 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 14,177,037 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 12,912,352 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 13,677,037 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 12,758,987 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 13,677,037 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 12,758,987 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 13,977,037 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 14,177,037 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 12,912,352 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 918,050 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 300,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 200,000 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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054-902-02/Lorenzo ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 30,623,719 0.9541 32,098,063 30,623,719
B - MULTIFAMILY 236,840 N/A 236,840 236,840
C1 - VACANT LOTS 812,195 N/A 812,195 812,195
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 29,792,126 0.9768 30,500,421 29,792,126
D2 - FARM & RANCH IMP 3,953,109 N/A 3,953,109 3,953,109
E - NON-AG LAND AND IMPROVEMENTS 20,684,739 0.9633 21,472,134 20,684,739
F1 - COMMERCIAL REAL 4,099,757 N/A 4,099,757 4,099,757
F2 - INDUSTRIAL REAL 66,746,320 N/A 66,746,320 66,746,320
G - ALL MINERALS 49,488,510 1.0421 47,489,214 49,488,510
J - ALL UTILITIES 9,172,070 0.9724 9,432,405 9,172,070
L1 - COMMERCIAL PERSONAL 3,470,537 N/A 3,470,537 3,470,537
L2 - INDUSTRIAL PERSONAL 12,595,876 N/A 12,595,876 12,595,876
M1 - MOBILE HOMES 305,688 N/A 305,688 305,688
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 2,381,920 N/A 2,381,920 2,381,920
Subtotal 234,363,406 235,594,479 234,363,406
Less Total Deductions 62,523,144 62,899,855 62,523,144
Total Taxable Value 171,840,262 172,694,624 171,840,262

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 181,091,454 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 171,840,262 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 181,091,454 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 171,840,262 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 185,411,454 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 188,291,454 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 172,612,118 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 214,724,064 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 205,472,872 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 214,724,064 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 205,472,872 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 219,044,064 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 221,924,064 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 206,244,728 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 9,251,192 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 4,320,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 2,880,000 Loss to the third most recent increase in the state-mandated homestead exemption

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