taxes Property Tax Assistance

2017 ISD Summary Worksheet

152/Lubbock

152-902/New Deal ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 83,649,010 .9428 88,724,024 83,649,010
B. Multi-Family Residences 363,877 N/A 363,877 363,877
C1. Vacant Lots 2,841,587 N/A 2,841,587 2,841,587
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,295,781 1.1444 8,996,989 10,295,781
D2. Real Prop Farm & Ranch 308,449 N/A 308,449 308,449
E. Real Prop NonQual Acres 35,300,002 .8052 43,840,042 35,300,002
F1. Commercial Real 13,093,255 1.0462 12,515,059 13,093,255
F2. Industrial Real 26,750,033 N/A 26,750,033 26,750,033
G. Oil, Gas, Minerals 13,694,850 .9974 13,730,549 13,694,850
J. Utilities 13,206,709 1.0179 12,974,466 13,206,709
L1. Commercial Personal 9,771,212 .8906 10,971,493 9,771,212
L2. Industrial Personal 47,751,226 N/A 47,751,226 47,751,226
M. Other Personal 2,966,676 N/A 2,966,676 2,966,676
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 185,754 N/A 185,754 185,754
Subtotal 260,178,421 272,920,224 260,178,421
Less Total Deductions 31,751,904   33,467,873 31,751,904
Total Taxable Value 228,426,517 239,452,351 228,426,517 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
233,648,768 228,426,517 233,648,768 228,426,517


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,222,251 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
233,648,768 228,426,517 233,648,768 228,426,517

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 your school district is in year one of the grace period.