taxes Property Tax Assistance

2017 ISD Summary Worksheet

152/Lubbock

152-908/Roosevelt 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 157,253,004 .8829 178,109,643 157,253,004
B. Multi-Family Residences 682,134 N/A 682,134 682,134
C1. Vacant Lots 4,538,322 N/A 4,538,322 4,538,322
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,143,569 1.1760 8,625,464 10,143,569
D2. Real Prop Farm & Ranch 304,355 N/A 304,355 304,355
E. Real Prop NonQual Acres 20,115,891 .9835 20,453,372 20,115,891
F1. Commercial Real 19,414,472 .9921 19,569,068 19,414,472
F2. Industrial Real 2,366,550 N/A 2,366,550 2,366,550
G. Oil, Gas, Minerals 20,150,210 1.0473 19,240,151 20,150,210
J. Utilities 8,848,355 N/A 8,848,355 8,848,355
L1. Commercial Personal 12,379,586 .9367 13,216,170 12,379,586
L2. Industrial Personal 6,950,095 N/A 6,950,095 6,950,095
M. Other Personal 3,102,295 N/A 3,102,295 3,102,295
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 14,700 N/A 14,700 14,700
S. Special Inventory 67,343 N/A 67,343 67,343
Subtotal 266,330,881 286,088,017 266,330,881
Less Total Deductions 47,926,840   55,256,296 47,926,840
Total Taxable Value 218,404,041 230,831,721 218,404,041 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
225,893,453 218,404,041 225,893,453 218,404,041


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,489,412 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
225,893,453 218,404,041 225,893,453 218,404,041

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.