taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

152/Lubbock

152-902/New Deal ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 75,124,111 .9363 80,235,086 75,124,111
B. Multi-Family Residences 428,012 N/A 428,012 428,012
C1. Vacant Lots 3,003,026 N/A 3,003,026 3,003,026
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 13,399,256 1.1773 11,381,053 13,399,256
D2. Real Prop Farm & Ranch 231,886 N/A 231,886 231,886
E. Real Prop NonQual Acres 31,493,197 .8571 36,743,900 31,493,197
F1. Commercial Real 6,340,415 N/A 6,340,415 6,340,415
F2. Industrial Real 15,877,327 N/A 15,877,327 15,877,327
G. Oil, Gas, Minerals 28,568,350 1.1119 25,693,273 28,568,350
J. Utilities 12,482,118 1.0003 12,478,374 12,482,118
L1. Commercial Personal 9,821,726 N/A 9,821,726 9,821,726
L2. Industrial Personal 45,500,238 N/A 45,500,238 45,500,238
M. Other Personal 2,998,056 N/A 2,998,056 2,998,056
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 363,188 N/A 363,188 363,188
Subtotal 245,630,906 251,095,560 245,630,906
Less Total Deductions 47,170,696   48,742,007 47,170,696
Total Taxable Value 198,460,210 202,353,553 198,460,210 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
203,563,113 198,460,210 203,563,113 198,460,210


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,102,903 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
203,563,113 198,460,210 203,563,113 198,460,210

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