taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

054/Crosby

054-902/Lorenzo ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 23,006,284 N/A 23,006,284 23,006,284
B. Multi-Family Residences 289,414 N/A 289,414 289,414
C1. Vacant Lots 346,384 N/A 346,384 346,384
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 24,313,894 N/A 24,313,894 24,313,894
D2. Real Prop Farm & Ranch 1,205,295 N/A 1,205,295 1,205,295
E. Real Prop NonQual Acres 3,988,415 N/A 3,988,415 3,988,415
F1. Commercial Real 2,269,003 N/A 2,269,003 2,269,003
F2. Industrial Real 38,187,043 N/A 38,187,043 38,187,043
G. Oil, Gas, Minerals 96,593,873 N/A 96,593,873 96,593,873
J. Utilities 5,323,009 N/A 5,323,009 5,323,009
L1. Commercial Personal 2,709,769 N/A 2,709,769 2,709,769
L2. Industrial Personal 12,491,315 N/A 12,491,315 12,491,315
M. Other Personal 0 N/A 0 0
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,521,976 N/A 1,521,976 1,521,976
Subtotal 212,245,674 212,245,674 212,245,674
Less Total Deductions 35,452,273   35,452,273 35,452,273
Total Taxable Value 176,793,401 176,793,401 176,793,401 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
178,821,514 176,793,401 178,821,514 176,793,401


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,028,113 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
205,617,515 203,589,402 205,617,515 203,589,402

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

The PVS found your local value to be valid, and local value was certified

152/Lubbock

054-902/Lorenzo ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 1,096,308 N/A 1,096,308 1,096,308
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 100,193 N/A 100,193 100,193
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,510,833 N/A 5,510,833 5,510,833
D2. Real Prop Farm & Ranch 96,610 N/A 96,610 96,610
E. Real Prop NonQual Acres 3,233,739 N/A 3,233,739 3,233,739
F1. Commercial Real 699,528 N/A 699,528 699,528
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 997,960 N/A 997,960 997,960
L1. Commercial Personal 135,709 N/A 135,709 135,709
L2. Industrial Personal 1,779,230 N/A 1,779,230 1,779,230
M. Other Personal 0 N/A 0 0
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 13,650,110 13,650,110 13,650,110
Less Total Deductions 483,943   483,943 483,943
Total Taxable Value 13,166,167 13,166,167 13,166,167 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
13,326,167 13,166,167 13,326,167 13,166,167


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
160,000 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
13,326,167 13,166,167 13,326,167 13,166,167

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

The PVS found your local value to be valid, and local value was certified

054-902/Lorenzo ISD



Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 24,102,592 N/A 24,102,592 24,102,592
B. Multi-Family Residences 289,414 N/A 289,414 289,414
C1. Vacant Lots 446,577 N/A 446,577 446,577
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 29,824,727 N/A 29,824,727 29,824,727
D2. Real Prop Farm & Ranch 1,301,905 N/A 1,301,905 1,301,905
E. Real Prop NonQual Acres 7,222,154 N/A 7,222,154 7,222,154
F1. Commercial Real 2,968,531 N/A 2,968,531 2,968,531
F2. Industrial Real 38,187,043 N/A 38,187,043 38,187,043
G. Oil, Gas, Minerals 96,593,873 N/A 96,593,873 96,593,873
J. Utilities 6,320,969 N/A 6,320,969 6,320,969
L1. Commercial Personal 2,845,478 N/A 2,845,478 2,845,478
L2. Industrial Personal 14,270,545 N/A 14,270,545 14,270,545
M. Other Personal 0 N/A 0 0
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,521,976 N/A 1,521,976 1,521,976
Subtotal 225,895,784 225,895,784 225,895,784
Less Total Deductions 35,936,216   35,936,216 35,936,216
Total Taxable Value 189,959,568 189,959,568 189,959,568 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