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. MULTIFAMILY 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. QUALIFIED AG LAND	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 ACREAGE	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	0.9944	148,895,662	148,061,846
J. UTILITIES	57,803,870	0.9644	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. MOBILE HOMES	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	0	235,859,728	233,179,440
Less Total Deductions	4,286,231	0	4,286,231	4,286,231
Total Taxable Value	228,893,209	0	231,573,497	228,893,209

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

148-903-02/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. MULTIFAMILY 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. QUALIFIED AG LAND	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 ACREAGE	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	0.9944	148,895,662	148,061,846
J. UTILITIES	57,803,870	0.9644	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. MOBILE HOMES	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

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