taxes Property Tax Assistance

2017 ISD Summary Worksheet

054/Crosby

054-902/Lorenzo ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 20,831,855 N/A 20,831,855 20,831,855
B. Multi-Family Residences 268,175 N/A 268,175 268,175
C1. Vacant Lots 348,718 N/A 348,718 348,718
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 21,078,874 N/A 21,078,874 21,078,874
D2. Real Prop Farm & Ranch 1,205,295 N/A 1,205,295 1,205,295
E. Real Prop NonQual Acres 6,885,142 N/A 6,885,142 6,885,142
F1. Commercial Real 2,274,265 N/A 2,274,265 2,274,265
F2. Industrial Real 33,153,899 N/A 33,153,899 33,153,899
G. Oil, Gas, Minerals 63,724,025 N/A 63,724,025 63,724,025
J. Utilities 5,556,126 N/A 5,556,126 5,556,126
L1. Commercial Personal 2,384,626 N/A 2,384,626 2,384,626
L2. Industrial Personal 12,275,887 N/A 12,275,887 12,275,887
M. Other Personal 0 N/A 0 0
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,930,603 N/A 1,930,603 1,930,603
Subtotal 171,917,490 171,917,490 171,917,490
Less Total Deductions 30,647,591   30,647,591 30,647,591
Total Taxable Value 141,269,899 141,269,899 141,269,899 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
143,352,923 141,269,899 143,352,923 141,269,899


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,083,024 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
165,480,041 163,397,017 165,480,041 163,397,017

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

152/Lubbock

054-902/Lorenzo ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 1,352,207 .9747 1,387,306 1,352,207
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 120,533 N/A 120,533 120,533
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,386,346 1.2265 3,576,297 4,386,346
D2. Real Prop Farm & Ranch 7,400 N/A 7,400 7,400
E. Real Prop NonQual Acres 3,613,863 1.0242 3,528,474 3,613,863
F1. Commercial Real 559,661 1.0528 531,593 559,661
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 935,990 .7997 1,170,426 935,990
L1. Commercial Personal 29,908 N/A 29,908 29,908
L2. Industrial Personal 195,670 N/A 195,670 195,670
M. Other Personal 0 N/A 0 0
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 11,201,578 10,547,607 11,201,578
Less Total Deductions 800,799   827,154 800,799
Total Taxable Value 10,400,779 9,720,453 10,400,779 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
10,560,779 10,400,779 10,560,779 10,400,779


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
160,000 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
10,560,779 10,400,779 10,560,779 10,400,779

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 invalid, but local value was certified because local value is greater than PTAD value.

054-902/Lorenzo ISD



Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 22,184,062 .9984 22,219,161 22,184,062
B. Multi-Family Residences 268,175 N/A 268,175 268,175
C1. Vacant Lots 469,251 N/A 469,251 469,251
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 25,465,220 1.0329 24,655,171 25,465,220
D2. Real Prop Farm & Ranch 1,212,695 N/A 1,212,695 1,212,695
E. Real Prop NonQual Acres 10,499,005 1.0082 10,413,616 10,499,005
F1. Commercial Real 2,833,926 1.0100 2,805,858 2,833,926
F2. Industrial Real 33,153,899 N/A 33,153,899 33,153,899
G. Oil, Gas, Minerals 63,724,025 N/A 63,724,025 63,724,025
J. Utilities 6,492,116 .9651 6,726,552 6,492,116
L1. Commercial Personal 2,414,534 N/A 2,414,534 2,414,534
L2. Industrial Personal 12,471,557 N/A 12,471,557 12,471,557
M. Other Personal 0 N/A 0 0
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 1,930,603 N/A 1,930,603 1,930,603
Subtotal 183,119,068 182,465,097 183,119,068
Less Total Deductions 31,448,390   31,474,745 31,448,390
Total Taxable Value 151,670,678 150,990,352 151,670,678 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

Comptroller Of Public Accounts - Property Tax Division

2017 ISD Summary Worksheet

054-902/Lorenzo ISD

Final Values Worksheet

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
153,913,702 151,670,678 153,913,702 151,670,678


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
2,243,024 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
176,040,820 173,797,796 176,040,820 173,797,796

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