taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

152/Lubbock

152-908/Roosevelt ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 131,648,093 N/A 131,648,093 131,648,093
B. Multi-Family Residences 442,131 N/A 442,131 442,131
C1. Vacant Lots 4,759,127 N/A 4,759,127 4,759,127
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 15,574,178 N/A 15,574,178 15,574,178
D2. Real Prop Farm & Ranch 160,780 N/A 160,780 160,780
E. Real Prop NonQual Acres 16,060,348 N/A 16,060,348 16,060,348
F1. Commercial Real 12,536,977 N/A 12,536,977 12,536,977
F2. Industrial Real 2,348,528 N/A 2,348,528 2,348,528
G. Oil, Gas, Minerals 104,345,300 N/A 104,345,300 104,345,300
J. Utilities 7,176,816 N/A 7,176,816 7,176,816
L1. Commercial Personal 10,359,584 N/A 10,359,584 10,359,584
L2. Industrial Personal 11,470,725 N/A 11,470,725 11,470,725
M. Other Personal 3,010,989 N/A 3,010,989 3,010,989
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 121,800 N/A 121,800 121,800
S. Special Inventory 168,987 N/A 168,987 168,987
Subtotal 320,184,363 320,184,363 320,184,363
Less Total Deductions 32,903,066   32,903,066 32,903,066
Total Taxable Value 287,281,297 287,281,297 287,281,297 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
297,136,239 287,281,297 297,136,239 287,281,297 288,467,480 288,467,480


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,854,942 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
297,136,239 287,281,297 297,136,239 287,281,297 288,467,480 288,467,480

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