taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

152/Lubbock

152-909/Shallowater ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 174,947,983 .9639 181,500,138 174,947,983
B. Multi-Family Residences 1,794,205 N/A 1,794,205 1,794,205
C1. Vacant Lots 3,935,484 N/A 3,935,484 3,935,484
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,095,494 1.1422 11,464,996 13,095,494
D2. Real Prop Farm & Ranch 2,303,532 N/A 2,303,532 2,303,532
E. Real Prop NonQual Acres 11,729,570 N/A 11,729,570 11,729,570
F1. Commercial Real 14,288,277 N/A 14,288,277 14,288,277
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 70,355,490 1.0140 69,384,112 70,355,490
J. Utilities 12,623,742 N/A 12,623,742 12,623,742
L1. Commercial Personal 11,651,140 N/A 11,651,140 11,651,140
L2. Industrial Personal 1,880,613 N/A 1,880,613 1,880,613
M. Other Personal 1,190,388 N/A 1,190,388 1,190,388
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 1,631,674 N/A 1,631,674 1,631,674
S. Special Inventory 10,751 N/A 10,751 10,751
Subtotal 321,438,343 325,388,622 321,438,343
Less Total Deductions 41,642,289   43,208,057 41,642,289
Total Taxable Value 279,796,054 282,180,565 279,796,054 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
291,655,041 279,796,054 291,655,041 279,796,054 280,543,962 280,543,962


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,858,987 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
291,655,041 279,796,054 291,655,041 279,796,054 280,543,962 280,543,962

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