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 83,660,821 .9367 89,314,424 83,660,821
B. Multi-Family Residences 363,877 N/A 363,877 363,877
C1. Vacant Lots 3,044,143 N/A 3,044,143 3,044,143
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 10,175,326 1.1449 8,887,871 10,175,326
D2. Real Prop Farm & Ranch 288,199 N/A 288,199 288,199
E. Real Prop NonQual Acres 36,119,507 .8052 44,857,808 36,119,507
F1. Commercial Real 13,110,833 .9537 13,747,335 13,110,833
F2. Industrial Real 26,750,033 N/A 26,750,033 26,750,033
G. Oil, Gas, Minerals 13,697,300 .9974 13,733,006 13,697,300
J. Utilities 13,206,709 .9385 14,072,146 13,206,709
L1. Commercial Personal 9,275,176 .8906 10,414,525 9,275,176
L2. Industrial Personal 67,149,073 N/A 67,149,073 67,149,073
M. Other Personal 2,992,517 N/A 2,992,517 2,992,517
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 280,019,268 295,800,711 280,019,268
Less Total Deductions 30,528,911   32,250,698 30,528,911
Total Taxable Value 249,490,357 263,550,013 249,490,357 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
254,622,810 249,490,357 254,622,810 249,490,357


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,132,453 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
254,622,810 249,490,357 254,622,810 249,490,357

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.