taxes Property Tax Assistance

2025 ISD Summary Worksheet

Follett ISD (all splits)   Lipscomb County  

148-Lipscomb/Lipscomb County

148-902/Follett ISD

Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 9,695,090 N/A 9,695,090 9,695,090
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 78,290 N/A 78,290 78,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,313,440 N/A 10,313,440 10,313,440
D2 - FARM & RANCH IMP 2,652,930 N/A 2,652,930 2,652,930
E - NON-AG LAND AND IMPROVEMENTS 3,942,090 N/A 3,942,090 3,942,090
F1 - COMMERCIAL REAL 1,305,060 N/A 1,305,060 1,305,060
F2 - INDUSTRIAL REAL 309,970 N/A 309,970 309,970
G - ALL MINERALS 61,619,681 N/A 61,619,681 61,619,681
J - ALL UTILITIES 13,716,330 N/A 13,716,330 13,716,330
L1 - COMMERCIAL PERSONAL 1,053,278 N/A 1,053,278 1,053,278
L2 - INDUSTRIAL PERSONAL 214,091 N/A 214,091 214,091
M1 - MOBILE HOMES 171,780 N/A 171,780 171,780
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 105,072,030 0 105,072,030 105,072,030
Less Total Deductions 17,504,090 0 17,504,090 17,504,090
Total Taxable Value 87,567,940 0 87,567,940 87,567,940

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 87,869,742 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 87,567,940 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 87,869,742 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 87,567,940 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 91,264,857 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 92,881,660 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 87,575,817 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
T19 94,099,018 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 87,573,100 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 87,869,742 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 87,567,940 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 87,869,742 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 87,567,940 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 91,264,857 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 92,881,660 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 87,575,817 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
T20 94,099,018 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 87,573,100 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 301,802 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 3,395,115 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 1,616,803 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 1,217,358 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 5,160 Loss to the increase in the Over-65/Disabled Homestead

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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148-902-02/Follett ISD



Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 9,695,090 N/A 9,695,090 9,695,090
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 78,290 N/A 78,290 78,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,313,440 N/A 10,313,440 10,313,440
D2 - FARM & RANCH IMP 2,652,930 N/A 2,652,930 2,652,930
E - NON-AG LAND AND IMPROVEMENTS 3,942,090 N/A 3,942,090 3,942,090
F1 - COMMERCIAL REAL 1,305,060 N/A 1,305,060 1,305,060
F2 - INDUSTRIAL REAL 309,970 N/A 309,970 309,970
G - ALL MINERALS 61,619,681 N/A 61,619,681 61,619,681
J - ALL UTILITIES 13,716,330 N/A 13,716,330 13,716,330
L1 - COMMERCIAL PERSONAL 1,053,278 N/A 1,053,278 1,053,278
L2 - INDUSTRIAL PERSONAL 214,091 N/A 214,091 214,091
M1 - MOBILE HOMES 171,780 N/A 171,780 171,780
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 105,072,030 105,072,030 105,072,030
Less Total Deductions 17,504,090 17,504,090 17,504,090
Total Taxable Value 87,567,940 87,567,940 87,567,940

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 87,869,742 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 87,567,940 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 87,869,742 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 87,567,940 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 91,264,857 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 92,881,660 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 87,575,817 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
T19 94,099,018 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 87,573,100 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 87,869,742 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 87,567,940 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 87,869,742 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 87,567,940 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 91,264,857 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 92,881,660 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 87,575,817 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
T20 94,099,018 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 87,573,100 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 301,802 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 3,395,115 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 1,616,803 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 1,217,358 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 5,160 Loss to the increase in the Over-65/Disabled Homestead

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