taxes Property Tax Assistance

2018 ISD Summary Worksheet

152/Lubbock

152-908/Roosevelt ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 172,914,671 .9698 178,299,310 172,914,671
B. Multi-Family Residences 742,182 N/A 742,182 742,182
C1. Vacant Lots 4,220,737 N/A 4,220,737 4,220,737
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,731,703 1.2912 13,732,381 17,731,703
D2. Real Prop Farm & Ranch 371,470 N/A 371,470 371,470
E. Real Prop NonQual Acres 25,233,916 .9689 26,043,881 25,233,916
F1. Commercial Real 19,080,322 .9355 20,395,855 19,080,322
F2. Industrial Real 3,071,581 N/A 3,071,581 3,071,581
G. Oil, Gas, Minerals 22,143,930 1.0565 20,959,707 22,143,930
J. Utilities 9,511,414 N/A 9,511,414 9,511,414
L1. Commercial Personal 9,368,819 N/A 9,368,819 9,368,819
L2. Industrial Personal 6,185,570 N/A 6,185,570 6,185,570
M. Other Personal 3,150,098 N/A 3,150,098 3,150,098
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 76,831 N/A 76,831 76,831
Subtotal 293,803,244 296,129,836 293,803,244
Less Total Deductions 53,993,480   55,974,769 53,993,480
Total Taxable Value 239,809,764 240,155,067 239,809,764 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
247,265,953 239,809,764 247,265,953 239,809,764


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,456,189 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
247,265,953 239,809,764 247,265,953 239,809,764

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