taxes Property Tax Assistance

2019 ISD Summary Worksheet

140-Lamb

140-904/Littlefield ISD

Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 113,253,619 0.8981 126,103,573 126,103,573
B. MULTIFAMILY RESIDENCES 3,131,740 N/A 3,131,740 3,131,740
C1. VACANT LOTS 1,137,730 N/A 1,137,730 1,137,730
D1. QUALIFIED AG LAND 30,537,444 1.2799 23,860,131 23,860,131
D2. REAL PROP:FARM & RANCH 1,470,550 N/A 1,470,550 1,470,550
E. REAL PROP NONQUAL ACREAGE 17,640,525 0.6536 26,989,787 26,989,787
F1. COMMERCIAL REAL 23,404,226 0.9361 25,001,844 25,001,844
F2. INDUSTRIAL REAL 182,060,920 N/A 182,060,920 182,060,920
G. OIL,GAS,MINERALS 3,378,500 N/A 3,378,500 3,378,500
J. UTILITIES 31,161,341 0.9800 31,797,287 31,797,287
L1. COMMERCIAL PERSONAL 14,740,090 0.9909 14,875,457 14,875,457
L2. INDUSTRIAL PERSONAL 5,878,690 N/A 5,878,690 5,878,690
M. MOBILE HOMES 1,144,280 N/A 1,144,280 1,144,280
O. RESIDENTIAL INVENTORY 22,320 N/A 22,320 22,320
S. SPECIAL INVENTORY 2,354,060 N/A 2,354,060 2,354,060
Subtotal 431,316,035 0 449,206,869 449,206,869
Less Total Deductions 217,635,535 0 221,509,760 221,509,760
Total Taxable Value 213,680,500 0 227,697,109 227,697,109

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
236,753,381 227,697,109 236,753,381 227,697,109


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,056,272 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
393,919,501 384,863,229 393,919,501 384,863,229

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 TAXABLE VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR LOCAL VALUE DID NOT EXCEED THE STATE VALUE AND: 1) WAS INVALID IN ONE OR MORE OF THE PREVIOUS TWO YEARS OR 2) IS LESS THAN 90% OF THE LOWER END OF THE MARGIN OF ERROR RANGE OR 3) THE APPRAISAL DISTRICT THAT APPRAISES PROPERTY FOR THE SCHOOL DISTRICT WAS NOT IN COMPLIANCE WITH THE SCORING REQUIREMENT OF THE COMPTROLLER'S MOST RECENT REVIEW OF THE APPRAISAL DISTRICT CONDUCTED UNDER SECTION 5.102, TAX CODE (MAP REVIEW)

140-904-02/Littlefield ISD



Category Local Tax Roll Value 2019 WTD Mean Ratio 2019 PTAD Value Estimate 2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES 113,253,619 0.8981 126,103,573 126,103,573
B. MULTIFAMILY RESIDENCES 3,131,740 N/A 3,131,740 3,131,740
C1. VACANT LOTS 1,137,730 N/A 1,137,730 1,137,730
D1. QUALIFIED AG LAND 30,537,444 1.2799 23,860,131 23,860,131
D2. REAL PROP:FARM & RANCH 1,470,550 N/A 1,470,550 1,470,550
E. REAL PROP NONQUAL ACREAGE 17,640,525 0.6536 26,989,787 26,989,787
F1. COMMERCIAL REAL 23,404,226 0.9361 25,001,844 25,001,844
F2. INDUSTRIAL REAL 182,060,920 N/A 182,060,920 182,060,920
G. OIL,GAS,MINERALS 3,378,500 N/A 3,378,500 3,378,500
J. UTILITIES 31,161,341 0.9800 31,797,287 31,797,287
L1. COMMERCIAL PERSONAL 14,740,090 0.9909 14,875,457 14,875,457
L2. INDUSTRIAL PERSONAL 5,878,690 N/A 5,878,690 5,878,690
M. MOBILE HOMES 1,144,280 N/A 1,144,280 1,144,280
O. RESIDENTIAL INVENTORY 22,320 N/A 22,320 22,320
S. SPECIAL INVENTORY 2,354,060 N/A 2,354,060 2,354,060
Subtotal 431,316,035 449,206,869 449,206,869
Less Total Deductions 217,635,535 221,509,760 221,509,760
Total Taxable Value 213,680,500 227,697,109 227,697,109

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
236,753,381 227,697,109 236,753,381 227,697,109


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
9,056,272 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
393,919,501 384,863,229 393,919,501 384,863,229

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