taxes Property Tax Assistance

2018 ISD Summary Worksheet

148/Lipscomb

148-903/Higgins ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 6,992,560 N/A 6,992,560 6,992,560
B. Multi-Family Residences 37,940 N/A 37,940 37,940
C1. Vacant Lots 175,685 N/A 175,685 175,685
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 7,350,852 1.0407 7,063,544 7,350,852
D2. Real Prop Farm & Ranch 1,166,860 N/A 1,166,860 1,166,860
E. Real Prop NonQual Acres 4,117,770 N/A 4,117,770 4,117,770
F1. Commercial Real 1,427,510 N/A 1,427,510 1,427,510
F2. Industrial Real 163,190 N/A 163,190 163,190
G. Oil, Gas, Minerals 148,061,846 .9944 148,895,662 148,061,846
J. Utilities 57,803,870 .9644 59,937,650 57,803,870
L1. Commercial Personal 692,067 N/A 692,067 692,067
L2. Industrial Personal 4,921,480 N/A 4,921,480 4,921,480
M. Other Personal 267,810 N/A 267,810 267,810
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 233,179,440 235,859,728 233,179,440
Less Total Deductions 4,286,231   4,286,231 4,286,231
Total Taxable Value 228,893,209 231,573,497 228,893,209 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
229,746,418 228,893,209 229,746,418 228,893,209


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
853,209 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
229,746,418 228,893,209 229,746,418 228,893,209

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