taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

152/Lubbock

152-910/Idalou ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 123,854,945 .9576 129,338,915 123,854,945
B. Multi-Family Residences 1,459,324 N/A 1,459,324 1,459,324
C1. Vacant Lots 2,626,260 N/A 2,626,260 2,626,260
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 18,137,946 1.1809 15,359,519 18,137,946
D2. Real Prop Farm & Ranch 193,976 N/A 193,976 193,976
E. Real Prop NonQual Acres 29,561,114 .9678 30,544,652 29,561,114
F1. Commercial Real 17,305,992 .9891 17,496,706 17,305,992
F2. Industrial Real 3,879,674 N/A 3,879,674 3,879,674
G. Oil, Gas, Minerals 11,282,460 1.0121 11,147,574 11,282,460
J. Utilities 7,418,263 N/A 7,418,263 7,418,263
L1. Commercial Personal 51,213,139 .9727 52,650,498 51,213,139
L2. Industrial Personal 2,113,085 N/A 2,113,085 2,113,085
M. Other Personal 777,588 N/A 777,588 777,588
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 7,158 N/A 7,158 7,158
Subtotal 269,830,924 275,013,192 269,830,924
Less Total Deductions 42,324,009   44,124,284 42,324,009
Total Taxable Value 227,506,915 230,888,908 227,506,915 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
235,342,121 227,506,915 235,342,121 227,506,915


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,835,206 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
235,342,121 227,506,915 235,342,121 227,506,915

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