taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 ISD Summary Worksheet

152/Lubbock

152-910/Idalou ISD


Category Local Tax Roll Value 2013 WTD Mean Ratio 2013 PTAD Value Estimate 2013 Value Assigned
A. Single-Family Residences 100,144,665 .8965 111,706,263 100,144,665
B. Multi-Family Residences 1,407,857 N/A 1,407,857 1,407,857
C1. Vacant Lots 2,098,274 N/A 2,098,274 2,098,274
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 25,183,532 1.1344 22,199,344 25,183,532
D2. Real Prop Farm & Ranch 3,455,421 N/A 3,455,421 3,455,421
E. Real Prop NonQual Acres 16,923,151 .8978 18,849,578 16,923,151
F1. Commercial Real 16,511,601 .9677 17,062,727 16,511,601
F2. Industrial Real 3,792,100 N/A 3,792,100 3,792,100
G. Oil, Gas, Minerals 31,064,820 1.0215 30,410,984 31,064,820
J. Utilities 7,210,973 N/A 7,210,973 7,210,973
L1. Commercial Personal 40,480,683 .9926 40,782,473 40,480,683
L2. Industrial Personal 1,731,251 N/A 1,731,251 1,731,251
M. Other Personal 270,329 N/A 270,329 270,329
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 116,273 N/A 116,273 116,273
Subtotal 250,390,930 261,093,847 250,390,930
Less Total Deductions 26,454,477   30,096,133 26,454,477
Total Taxable Value 223,936,453 230,997,714 223,936,453 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
232,185,077 223,936,453 232,185,077 223,936,453 225,431,521 225,431,521


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,248,624 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
232,185,077 223,936,453 232,185,077 223,936,453 225,431,521 225,431,521

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