taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

152/Lubbock

152-901/Lubbock ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 5,294,167,906 .9922 5,335,787,045 5,294,167,906
B. Multi-Family Residences 956,653,817 .9209 1,038,824,864 956,653,817
C1. Vacant Lots 81,041,070 N/A 81,041,070 81,041,070
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,905,565 1.1366 2,556,372 2,905,565
D2. Real Prop Farm & Ranch 2,962,822 N/A 2,962,822 2,962,822
E. Real Prop NonQual Acres 4,270,340 N/A 4,270,340 4,270,340
F1. Commercial Real 2,305,636,872 .9664 2,385,799,743 2,305,636,872
F2. Industrial Real 152,833,859 N/A 152,833,859 152,833,859
G. Oil, Gas, Minerals 60,408,980 N/A 60,408,980 60,408,980
J. Utilities 157,060,050 N/A 157,060,050 157,060,050
L1. Commercial Personal 1,067,757,243 .9938 1,074,418,639 1,067,757,243
L2. Industrial Personal 275,404,364 N/A 275,404,364 275,404,364
M. Other Personal 3,780,217 N/A 3,780,217 3,780,217
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 13,578,559 N/A 13,578,559 13,578,559
S. Special Inventory 56,108,479 N/A 56,108,479 56,108,479
Subtotal 10,434,570,143 10,644,835,403 10,434,570,143
Less Total Deductions 1,125,352,568   1,137,138,003 1,125,352,568
Total Taxable Value 9,309,217,575 9,507,697,400 9,309,217,575 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
9,634,978,517 9,309,217,575 9,634,978,517 9,309,217,575 9,401,270,692 9,401,270,692


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
325,760,942 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
9,634,978,517 9,309,217,575 9,634,978,517 9,309,217,575 9,401,270,692 9,401,270,692

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