taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

152/Lubbock

152-910/Idalou ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 116,515,840 N/A 116,515,840 116,515,840
B. Multi-Family Residences 1,486,089 N/A 1,486,089 1,486,089
C1. Vacant Lots 2,079,675 N/A 2,079,675 2,079,675
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 22,274,130 N/A 22,274,130 22,274,130
D2. Real Prop Farm & Ranch 197,917 N/A 197,917 197,917
E. Real Prop NonQual Acres 24,778,154 N/A 24,778,154 24,778,154
F1. Commercial Real 16,803,478 N/A 16,803,478 16,803,478
F2. Industrial Real 3,830,069 N/A 3,830,069 3,830,069
G. Oil, Gas, Minerals 28,883,360 N/A 28,883,360 28,883,360
J. Utilities 7,592,629 N/A 7,592,629 7,592,629
L1. Commercial Personal 47,024,589 N/A 47,024,589 47,024,589
L2. Industrial Personal 2,092,306 N/A 2,092,306 2,092,306
M. Other Personal 720,310 N/A 720,310 720,310
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 137,173 N/A 137,173 137,173
Subtotal 274,415,719 274,415,719 274,415,719
Less Total Deductions 32,128,909   32,128,909 32,128,909
Total Taxable Value 242,286,810 242,286,810 242,286,810 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
250,419,684 242,286,810 250,419,684 242,286,810 243,095,098 243,095,098


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,132,874 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
250,419,684 242,286,810 250,419,684 242,286,810 243,095,098 243,095,098

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