taxes Property Tax Assistance

2017 ISD Summary Worksheet

152/Lubbock

152-909/Shallowater ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 219,152,003 .9633 227,501,301 219,152,003
B. Multi-Family Residences 2,491,120 N/A 2,491,120 2,491,120
C1. Vacant Lots 3,819,062 N/A 3,819,062 3,819,062
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 5,903,358 1.1154 5,292,648 5,903,358
D2. Real Prop Farm & Ranch 246,782 N/A 246,782 246,782
E. Real Prop NonQual Acres 28,515,689 .8061 35,374,878 28,515,689
F1. Commercial Real 26,595,736 .9832 27,050,179 26,595,736
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 21,622,490 1.0070 21,472,185 21,622,490
J. Utilities 15,645,143 N/A 15,645,143 15,645,143
L1. Commercial Personal 7,743,166 N/A 7,743,166 7,743,166
L2. Industrial Personal 1,728,650 N/A 1,728,650 1,728,650
M. Other Personal 3,005,372 N/A 3,005,372 3,005,372
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,014,271 N/A 1,014,271 1,014,271
S. Special Inventory 80,513 N/A 80,513 80,513
Subtotal 337,563,355 352,465,270 337,563,355
Less Total Deductions 47,376,895   49,034,647 47,376,895
Total Taxable Value 290,186,460 303,430,623 290,186,460 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
299,854,011 290,186,460 299,854,011 290,186,460


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,667,551 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
299,854,011 290,186,460 299,854,011 290,186,460

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