taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

152/Lubbock

152-902/New Deal ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 69,070,515 .9173 75,297,629 69,070,515
B. Multi-Family Residences 340,206 N/A 340,206 340,206
C1. Vacant Lots 2,955,801 N/A 2,955,801 2,955,801
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 20,792,945 1.1413 18,218,658 20,792,945
D2. Real Prop Farm & Ranch 4,230,208 N/A 4,230,208 4,230,208
E. Real Prop NonQual Acres 18,458,884 .8960 20,601,433 18,458,884
F1. Commercial Real 5,003,480 N/A 5,003,480 5,003,480
F2. Industrial Real 15,747,021 N/A 15,747,021 15,747,021
G. Oil, Gas, Minerals 56,293,400 1.0318 54,558,442 56,293,400
J. Utilities 11,408,412 1.0894 10,472,198 11,408,412
L1. Commercial Personal 9,574,981 N/A 9,574,981 9,574,981
L2. Industrial Personal 35,439,509 N/A 35,439,509 35,439,509
M. Other Personal 456,276 N/A 456,276 456,276
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 87,700 N/A 87,700 87,700
S. Special Inventory 331,246 N/A 331,246 331,246
Subtotal 250,190,584 253,314,788 250,190,584
Less Total Deductions 35,070,778   36,647,303 35,070,778
Total Taxable Value 215,119,806 216,667,485 215,119,806 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
222,127,876 215,119,806 222,127,876 215,119,806 215,965,105 215,965,105


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,008,070 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
222,127,876 215,119,806 222,127,876 215,119,806 215,965,105 215,965,105

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