taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

152/Lubbock

152-909/Shallowater ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 179,458,300 N/A 179,458,300 179,458,300
B. Multi-Family Residences 1,786,575 N/A 1,786,575 1,786,575
C1. Vacant Lots 3,995,309 N/A 3,995,309 3,995,309
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,408,894 N/A 10,408,894 10,408,894
D2. Real Prop Farm & Ranch 40,933 N/A 40,933 40,933
E. Real Prop NonQual Acres 17,537,182 N/A 17,537,182 17,537,182
F1. Commercial Real 15,058,815 N/A 15,058,815 15,058,815
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 77,195,850 N/A 77,195,850 77,195,850
J. Utilities 13,217,382 N/A 13,217,382 13,217,382
L1. Commercial Personal 10,765,487 N/A 10,765,487 10,765,487
L2. Industrial Personal 1,664,704 N/A 1,664,704 1,664,704
M. Other Personal 3,069,672 N/A 3,069,672 3,069,672
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,073,800 N/A 1,073,800 1,073,800
S. Special Inventory 10,100 N/A 10,100 10,100
Subtotal 335,283,003 335,283,003 335,283,003
Less Total Deductions 35,506,711   35,506,711 35,506,711
Total Taxable Value 299,776,292 299,776,292 299,776,292 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
311,460,977 299,776,292 311,460,977 299,776,292 300,387,665 300,387,665


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,684,685 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
311,460,977 299,776,292 311,460,977 299,776,292 300,387,665 300,387,665

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