taxes Property Tax Assistance

2017 ISD Summary Worksheet

113/Houston

113-903/Lovelady ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 27,851,090 N/A 27,851,090 27,851,090
B. Multi-Family Residences 231,030 N/A 231,030 231,030
C1. Vacant Lots 1,554,070 N/A 1,554,070 1,554,070
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 23,987,100 N/A 23,987,100 23,987,100
D2. Real Prop Farm & Ranch 13,759,520 N/A 13,759,520 13,759,520
E. Real Prop NonQual Acres 75,036,470 N/A 75,036,470 75,036,470
F1. Commercial Real 3,466,300 N/A 3,466,300 3,466,300
F2. Industrial Real 588,990 N/A 588,990 588,990
G. Oil, Gas, Minerals 28,480,170 N/A 28,480,170 28,480,170
J. Utilities 90,590,530 N/A 90,590,530 90,590,530
L1. Commercial Personal 3,153,640 N/A 3,153,640 3,153,640
L2. Industrial Personal 15,797,990 N/A 15,797,990 15,797,990
M. Other Personal 7,249,960 N/A 7,249,960 7,249,960
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 5,250 N/A 5,250 5,250
Subtotal 291,752,110 291,752,110 291,752,110
Less Total Deductions 28,343,561   28,343,561 28,343,561
Total Taxable Value 263,408,549 263,408,549 263,408,549 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
269,922,019 263,408,549 269,922,019 263,408,549


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
6,513,470 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
269,922,019 263,408,549 269,922,019 263,408,549

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