taxes Property Tax Assistance

2016 ISD Summary Worksheet

113/Houston

113-903/Lovelady ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 27,774,660 .9578 28,998,392 27,774,660
B. Multi-Family Residences 231,030 N/A 231,030 231,030
C1. Vacant Lots 1,492,180 N/A 1,492,180 1,492,180
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 22,998,720 .9681 23,756,773 22,998,720
D2. Real Prop Farm & Ranch 15,054,670 N/A 15,054,670 15,054,670
E. Real Prop NonQual Acres 72,046,970 .9644 74,706,522 72,046,970
F1. Commercial Real 3,150,480 N/A 3,150,480 3,150,480
F2. Industrial Real 631,270 N/A 631,270 631,270
G. Oil, Gas, Minerals 34,234,130 1.0176 33,642,030 34,234,130
J. Utilities 71,305,100 .9070 78,616,428 71,305,100
L1. Commercial Personal 3,447,590 N/A 3,447,590 3,447,590
L2. Industrial Personal 37,380,040 N/A 37,380,040 37,380,040
M. Other Personal 7,017,920 N/A 7,017,920 7,017,920
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 3,670 N/A 3,670 3,670
Subtotal 296,768,430 308,128,995 296,768,430
Less Total Deductions 27,655,478   28,829,203 27,655,478
Total Taxable Value 269,112,952 279,299,792 269,112,952 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
275,565,152 269,112,952 275,565,152 269,112,952


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,452,200 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
275,565,152 269,112,952 275,565,152 269,112,952

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