taxes Property Tax Assistance

2018 ISD Summary Worksheet

152/Lubbock

152-901/Lubbock ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 6,576,887,152 N/A 6,576,887,152 6,576,887,152
B. Multi-Family Residences 1,348,819,457 N/A 1,348,819,457 1,348,819,457
C1. Vacant Lots 91,090,006 N/A 91,090,006 91,090,006
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 3,078,453 N/A 3,078,453 3,078,453
D2. Real Prop Farm & Ranch 117,157 N/A 117,157 117,157
E. Real Prop NonQual Acres 7,329,973 N/A 7,329,973 7,329,973
F1. Commercial Real 2,659,770,004 N/A 2,659,770,004 2,659,770,004
F2. Industrial Real 129,434,154 N/A 129,434,154 129,434,154
G. Oil, Gas, Minerals 20,965,550 N/A 20,965,550 20,965,550
J. Utilities 188,663,558 N/A 188,663,558 188,663,558
L1. Commercial Personal 1,164,104,729 N/A 1,164,104,729 1,164,104,729
L2. Industrial Personal 262,464,635 N/A 262,464,635 262,464,635
M. Other Personal 3,523,232 N/A 3,523,232 3,523,232
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,553,642 N/A 1,553,642 1,553,642
S. Special Inventory 58,643,796 N/A 58,643,796 58,643,796
Subtotal 12,516,445,498 12,516,445,498 12,516,445,498
Less Total Deductions 1,601,901,090   1,601,901,090 1,601,901,090
Total Taxable Value 10,914,544,408 10,914,544,408 10,914,544,408 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
11,203,853,243 10,914,544,408 11,203,853,243 10,914,544,408


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
289,308,835 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
11,203,853,243 10,914,544,408 11,203,853,243 10,914,544,408

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