taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

152/Lubbock

152-909/Shallowater ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 190,824,634 .9620 198,362,405 190,824,634
B. Multi-Family Residences 1,948,078 N/A 1,948,078 1,948,078
C1. Vacant Lots 3,739,827 N/A 3,739,827 3,739,827
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 8,363,083 1.1756 7,114,123 8,363,083
D2. Real Prop Farm & Ranch 228,941 N/A 228,941 228,941
E. Real Prop NonQual Acres 21,958,401 .9109 24,106,270 21,958,401
F1. Commercial Real 23,058,163 N/A 23,058,163 23,058,163
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 37,809,470 1.0420 36,285,480 37,809,470
J. Utilities 14,491,322 N/A 14,491,322 14,491,322
L1. Commercial Personal 8,624,144 N/A 8,624,144 8,624,144
L2. Industrial Personal 1,821,627 N/A 1,821,627 1,821,627
M. Other Personal 2,962,895 N/A 2,962,895 2,962,895
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,363,455 N/A 1,363,455 1,363,455
S. Special Inventory 3,173 N/A 3,173 3,173
Subtotal 317,197,213 324,109,903 317,197,213
Less Total Deductions 46,544,489   48,144,018 46,544,489
Total Taxable Value 270,652,724 275,965,885 270,652,724 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
280,226,428 270,652,724 280,226,428 270,652,724


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,573,704 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
280,226,428 270,652,724 280,226,428 270,652,724

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