taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

140/Lamb

140-904/Littlefield ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 91,853,960 .9328 98,471,226 91,853,960
B. Multi-Family Residences 2,957,660 N/A 2,957,660 2,957,660
C1. Vacant Lots 1,106,180 N/A 1,106,180 1,106,180
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 20,013,427 .9616 20,812,191 20,013,427
D2. Real Prop Farm & Ranch 1,162,680 N/A 1,162,680 1,162,680
E. Real Prop NonQual Acres 11,715,441 N/A 11,715,441 11,715,441
F1. Commercial Real 23,815,870 .9550 24,938,084 23,815,870
F2. Industrial Real 10,124,480 N/A 10,124,480 10,124,480
G. Oil, Gas, Minerals 17,963,090 .9924 18,100,655 17,963,090
J. Utilities 23,999,841 1.0260 23,391,658 23,999,841
L1. Commercial Personal 14,545,400 1.0046 14,478,798 14,545,400
L2. Industrial Personal 21,871,910 N/A 21,871,910 21,871,910
M. Other Personal 681,870 N/A 681,870 681,870
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 28,720 N/A 28,720 28,720
S. Special Inventory 2,846,460 N/A 2,846,460 2,846,460
Subtotal 244,686,989 252,688,013 244,686,989
Less Total Deductions 29,726,288   31,691,032 29,726,288
Total Taxable Value 214,960,701 220,996,981 214,960,701 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
227,715,312 214,960,701 227,715,312 214,960,701 216,698,874 216,698,874


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
12,754,611 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
227,715,312 214,960,701 227,715,312 214,960,701 216,698,874 216,698,874

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