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 2,167,911,975 N/A 2,167,911,975 2,167,911,975
B. Multi-Family Residences 62,576,622 N/A 62,576,622 62,576,622
C1. Vacant Lots 71,598,618 N/A 71,598,618 71,598,618
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 9,875,668 N/A 9,875,668 9,875,668
D2. Real Prop Farm & Ranch 352,186 N/A 352,186 352,186
E. Real Prop NonQual Acres 63,648,121 N/A 63,648,121 63,648,121
F1. Commercial Real 297,811,065 N/A 297,811,065 297,811,065
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 31,111,438 N/A 31,111,438 31,111,438
L1. Commercial Personal 111,248,006 N/A 111,248,006 111,248,006
L2. Industrial Personal 11,361,703 N/A 11,361,703 11,361,703
M. Other Personal 5,313,700 N/A 5,313,700 5,313,700
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 18,918,992 N/A 18,918,992 18,918,992
S. Special Inventory 48,362 N/A 48,362 48,362
Subtotal 2,856,743,244 2,856,743,244 2,856,743,244
Less Total Deductions 291,391,000   291,391,000 291,391,000
Total Taxable Value 2,565,352,244 2,565,352,244 2,565,352,244 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
2,627,389,812 2,565,352,244 2,627,389,812 2,565,352,244


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
62,037,568 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
2,627,389,812 2,565,352,244 2,627,389,812 2,565,352,244

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