taxes Property Tax Assistance

2016 ISD Summary Worksheet

152/Lubbock

152-906/Lubbock-Cooper ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 2,165,490,748 N/A 2,165,490,748 2,165,490,748
B. Multi-Family Residences 62,576,622 N/A 62,576,622 62,576,622
C1. Vacant Lots 71,471,708 N/A 71,471,708 71,471,708
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 9,951,471 N/A 9,951,471 9,951,471
D2. Real Prop Farm & Ranch 355,930 N/A 355,930 355,930
E. Real Prop NonQual Acres 63,016,760 N/A 63,016,760 63,016,760
F1. Commercial Real 297,297,641 N/A 297,297,641 297,297,641
F2. Industrial Real 4,966,788 N/A 4,966,788 4,966,788
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 29,658,618 N/A 29,658,618 29,658,618
L1. Commercial Personal 107,661,843 N/A 107,661,843 107,661,843
L2. Industrial Personal 10,239,923 N/A 10,239,923 10,239,923
M. Other Personal 5,467,652 N/A 5,467,652 5,467,652
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 19,416,084 N/A 19,416,084 19,416,084
S. Special Inventory 135,945 N/A 135,945 135,945
Subtotal 2,847,707,733 2,847,707,733 2,847,707,733
Less Total Deductions 295,792,612   295,792,612 295,792,612
Total Taxable Value 2,551,915,121 2,551,915,121 2,551,915,121 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
2,616,539,020 2,551,915,121 2,616,539,020 2,551,915,121


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
64,623,899 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
2,616,539,020 2,551,915,121 2,616,539,020 2,551,915,121

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