taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

054/Crosby

054-902/Lorenzo ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 22,844,095 .9543 23,938,065 22,844,095
B. Multi-Family Residences 288,067 N/A 288,067 288,067
C1. Vacant Lots 230,944 N/A 230,944 230,944
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 25,292,120 1.2056 20,978,498 25,292,120
D2. Real Prop Farm & Ranch 1,297,881 N/A 1,297,881 1,297,881
E. Real Prop NonQual Acres 3,633,288 N/A 3,633,288 3,633,288
F1. Commercial Real 1,972,598 N/A 1,972,598 1,972,598
F2. Industrial Real 639,312 N/A 639,312 639,312
G. Oil, Gas, Minerals 146,333,341 1.0367 141,153,025 146,333,341
J. Utilities 4,292,316 N/A 4,292,316 4,292,316
L1. Commercial Personal 2,402,341 N/A 2,402,341 2,402,341
L2. Industrial Personal 10,418,443 N/A 10,418,443 10,418,443
M. Other Personal 0 N/A 0 0
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 2,134,147 N/A 2,134,147 2,134,147
Subtotal 221,778,893 213,378,925 221,778,893
Less Total Deductions 6,424,725   6,702,565 6,424,725
Total Taxable Value 215,354,168 206,676,360 215,354,168 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
217,959,495 215,354,168 217,959,495 215,354,168 215,706,069 215,706,069


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,605,327 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
217,959,495 215,354,168 217,959,495 215,354,168 215,706,069 215,706,069

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

152/Lubbock

054-902/Lorenzo ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 1,209,830 N/A 1,209,830 1,209,830
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 146,611 N/A 146,611 146,611
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,366,449 N/A 6,366,449 6,366,449
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 3,257,761 N/A 3,257,761 3,257,761
F1. Commercial Real 691,072 N/A 691,072 691,072
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 883,000 N/A 883,000 883,000
L1. Commercial Personal 56,285 N/A 56,285 56,285
L2. Industrial Personal 1,661,011 N/A 1,661,011 1,661,011
M. Other Personal 0 N/A 0 0
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 14,272,019 14,272,019 14,272,019
Less Total Deductions 362,002   362,002 362,002
Total Taxable Value 13,910,017 13,910,017 13,910,017 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
14,070,017 13,910,017 14,070,017 13,910,017 13,910,017 13,910,017


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
160,000 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
14,070,017 13,910,017 14,070,017 13,910,017 13,910,017 13,910,017

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

054-902/Lorenzo ISD



Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 24,053,925 .9565 25,147,895 24,053,925
B. Multi-Family Residences 288,067 N/A 288,067 288,067
C1. Vacant Lots 377,555 N/A 377,555 377,555
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 31,658,569 1.1577 27,344,947 31,658,569
D2. Real Prop Farm & Ranch 1,297,881 N/A 1,297,881 1,297,881
E. Real Prop NonQual Acres 6,891,049 N/A 6,891,049 6,891,049
F1. Commercial Real 2,663,670 N/A 2,663,670 2,663,670
F2. Industrial Real 639,312 N/A 639,312 639,312
G. Oil, Gas, Minerals 146,333,341 1.0367 141,153,025 146,333,341
J. Utilities 5,175,316 N/A 5,175,316 5,175,316
L1. Commercial Personal 2,458,626 N/A 2,458,626 2,458,626
L2. Industrial Personal 12,079,454 N/A 12,079,454 12,079,454
M. Other Personal 0 N/A 0 0
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 2,134,147 N/A 2,134,147 2,134,147
Subtotal 236,050,912 227,650,944 236,050,912
Less Total Deductions 6,786,727   7,064,567 6,786,727
Total Taxable Value 229,264,185 220,586,377 229,264,185 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