taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

152/Lubbock

152-906/Lubbock-Cooper ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 1,705,460,447 N/A 1,705,460,447 1,705,460,447
B. Multi-Family Residences 32,664,523 N/A 32,664,523 32,664,523
C1. Vacant Lots 54,240,649 N/A 54,240,649 54,240,649
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 14,172,073 N/A 14,172,073 14,172,073
D2. Real Prop Farm & Ranch 445,651 N/A 445,651 445,651
E. Real Prop NonQual Acres 50,728,551 N/A 50,728,551 50,728,551
F1. Commercial Real 210,131,918 N/A 210,131,918 210,131,918
F2. Industrial Real 9,723,854 N/A 9,723,854 9,723,854
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 26,361,037 N/A 26,361,037 26,361,037
L1. Commercial Personal 98,019,931 N/A 98,019,931 98,019,931
L2. Industrial Personal 7,749,894 N/A 7,749,894 7,749,894
M. Other Personal 6,046,088 N/A 6,046,088 6,046,088
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 13,572,999 N/A 13,572,999 13,572,999
S. Special Inventory 20,816 N/A 20,816 20,816
Subtotal 2,229,338,431 2,229,338,431 2,229,338,431
Less Total Deductions 175,736,373   175,736,373 175,736,373
Total Taxable Value 2,053,602,058 2,053,602,058 2,053,602,058 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
2,114,847,063 2,053,602,058 2,114,847,063 2,053,602,058 2,057,379,461 2,057,379,461


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
61,245,005 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
2,114,847,063 2,053,602,058 2,114,847,063 2,053,602,058 2,057,379,461 2,057,379,461

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