taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

140/Lamb

140-904/Littlefield ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 91,494,640 N/A 91,494,640 91,494,640
B. Multi-Family Residences 2,881,216 N/A 2,881,216 2,881,216
C1. Vacant Lots 1,087,960 N/A 1,087,960 1,087,960
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 33,732,524 N/A 33,732,524 33,732,524
D2. Real Prop Farm & Ranch 1,165,790 N/A 1,165,790 1,165,790
E. Real Prop NonQual Acres 11,134,671 N/A 11,134,671 11,134,671
F1. Commercial Real 23,311,400 N/A 23,311,400 23,311,400
F2. Industrial Real 10,314,120 N/A 10,314,120 10,314,120
G. Oil, Gas, Minerals 20,756,380 N/A 20,756,380 20,756,380
J. Utilities 23,258,191 N/A 23,258,191 23,258,191
L1. Commercial Personal 14,327,090 N/A 14,327,090 14,327,090
L2. Industrial Personal 24,541,640 N/A 24,541,640 24,541,640
M. Other Personal 661,140 N/A 661,140 661,140
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 28,720 N/A 28,720 28,720
S. Special Inventory 2,670,770 N/A 2,670,770 2,670,770
Subtotal 261,366,252 261,366,252 261,366,252
Less Total Deductions 30,295,911   30,295,911 30,295,911
Total Taxable Value 231,070,341 231,070,341 231,070,341 T2

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
243,995,378 231,070,341 243,995,378 231,070,341 231,070,341 231,070,341


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,925,037 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
243,995,378 231,070,341 243,995,378 231,070,341 231,070,341 231,070,341

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