taxes Property Tax Assistance

2017 ISD Summary Worksheet

140/Lamb

140-904/Littlefield ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 106,315,939 .9411 112,969,864 106,315,939
B. Multi-Family Residences 3,058,630 N/A 3,058,630 3,058,630
C1. Vacant Lots 1,126,280 N/A 1,126,280 1,126,280
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,959,228 1.2162 14,766,119 17,959,228
D2. Real Prop Farm & Ranch 1,481,110 N/A 1,481,110 1,481,110
E. Real Prop NonQual Acres 15,919,919 .8706 18,286,146 15,919,919
F1. Commercial Real 23,125,050 .9763 23,686,418 23,125,050
F2. Industrial Real 6,344,490 N/A 6,344,490 6,344,490
G. Oil, Gas, Minerals 2,671,060 N/A 2,671,060 2,671,060
J. Utilities 27,496,731 .8025 34,263,839 27,496,731
L1. Commercial Personal 14,314,410 .9923 14,425,486 14,314,410
L2. Industrial Personal 9,533,270 N/A 9,533,270 9,533,270
M. Other Personal 927,870 N/A 927,870 927,870
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 25,520 N/A 25,520 25,520
S. Special Inventory 2,003,460 N/A 2,003,460 2,003,460
Subtotal 232,302,967 245,569,562 232,302,967
Less Total Deductions 41,184,988   43,107,837 41,184,988
Total Taxable Value 191,117,979 202,461,725 191,117,979 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
199,770,919 191,117,979 199,770,919 191,117,979


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
8,652,940 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
199,770,919 191,117,979 199,770,919 191,117,979

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