taxes Property Tax

School and Appraisal Districts Property Value Study 2012 Report

2012 ISD Summary Worksheet

113/Houston

113-903/Lovelady ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 26,456,770 .9676 27,342,673 26,456,770
B. Multi-Family Residences 233,910 N/A 233,910 233,910
C. Vacant Lots 1,462,870 N/A 1,462,870 1,462,870
D. Rural Real(Taxable) 91,224,260 .9437 96,670,194 91,224,260
F1. Commercial Real 1,995,100 N/A 1,995,100 1,995,100
F2. Industrial Real 629,010 N/A 629,010 629,010
G. Oil, Gas, Minerals 180,879,900 1.0248 176,502,635 180,879,900
J. Utilities 50,110,370 .8857 56,577,137 50,110,370
L1. Commercial Personal 1,568,940 N/A 1,568,940 1,568,940
L2. Industrial Personal 11,887,450 N/A 11,887,450 11,887,450
M. Other Personal 5,721,610 N/A 5,721,610 5,721,610
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 372,170,190 380,591,529 372,170,190
Less Total Deductions 22,149,570   22,910,690 22,149,570
Total Taxable Value 350,020,620 357,680,839 350,020,620 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 71,279,340 .9499 75,038,783
Prod Value Qualified Acres 19,944,920 .9220 21,631,411
Taxable Value 91,224,260   96,670,194

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 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 districts that have not entered into value limitation agreements, T1 through T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
357,452,780 350,020,620 357,452,780 350,020,620 350,020,620 350,020,620


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,432,160 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
357,452,780 350,020,620 357,452,780 350,020,620 350,020,620 350,020,620

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified