taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

148/Lipscomb

148-905/Darrouzett ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 5,872,650 N/A 5,872,650 5,872,650
B. Multi-Family Residences 138,090 N/A 138,090 138,090
C1. Vacant Lots 50,790 N/A 50,790 50,790
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 9,544,590 .8006 11,921,699 9,544,590
D2. Real Prop Farm & Ranch 862,610 N/A 862,610 862,610
E. Real Prop NonQual Acres 2,984,120 N/A 2,984,120 2,984,120
F1. Commercial Real 594,960 N/A 594,960 594,960
F2. Industrial Real 341,510 N/A 341,510 341,510
G. Oil, Gas, Minerals 106,859,238 .9834 108,663,045 106,859,238
J. Utilities 20,398,550 N/A 20,398,550 20,398,550
L1. Commercial Personal 4,350,650 N/A 4,350,650 4,350,650
L2. Industrial Personal 1,710,380 N/A 1,710,380 1,710,380
M. Other Personal 238,290 N/A 238,290 238,290
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 153,946,428 158,127,344 153,946,428
Less Total Deductions 3,221,635   3,221,635 3,221,635
Total Taxable Value 150,724,793 154,905,709 150,724,793 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
151,946,943 150,724,793 151,946,943 150,724,793 150,724,793 150,724,793


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,222,150 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
151,946,943 150,724,793 151,946,943 150,724,793 150,724,793 150,724,793

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