taxes Property Tax Assistance

2017 ISD Summary Worksheet

152/Lubbock

152-906/Lubbock-Cooper ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 2,373,850,987 .9704 2,446,260,292 2,373,850,987
B. Multi-Family Residences 74,951,275 N/A 74,951,275 74,951,275
C1. Vacant Lots 90,910,975 N/A 90,910,975 90,910,975
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 8,403,295 1.1419 7,359,114 8,403,295
D2. Real Prop Farm & Ranch 1,046,689 N/A 1,046,689 1,046,689
E. Real Prop NonQual Acres 71,875,440 N/A 71,875,440 71,875,440
F1. Commercial Real 366,816,184 .9820 373,539,902 366,816,184
F2. Industrial Real 5,149,317 N/A 5,149,317 5,149,317
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 37,999,851 N/A 37,999,851 37,999,851
L1. Commercial Personal 133,994,074 N/A 133,994,074 133,994,074
L2. Industrial Personal 8,032,862 N/A 8,032,862 8,032,862
M. Other Personal 5,879,158 N/A 5,879,158 5,879,158
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 16,468,949 N/A 16,468,949 16,468,949
S. Special Inventory 166,934 N/A 166,934 166,934
Subtotal 3,195,545,990 3,273,634,832 3,195,545,990
Less Total Deductions 319,131,198   334,105,438 319,131,198
Total Taxable Value 2,876,414,792 2,939,529,394 2,876,414,792 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
2,942,221,780 2,876,414,792 2,942,221,780 2,876,414,792


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
65,806,988 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
2,942,221,780 2,876,414,792 2,942,221,780 2,876,414,792

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