taxes Property Tax Assistance

2021 ISD Summary Worksheet

152-Lubbock /Lubbock County

152-910/Idalou ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	180,505,403	0.9678	186,511,059	180,505,403
B - MULTIFAMILY	1,650,313	N/A	1,650,313	1,650,313
C1 - VACANT LOTS	1,840,903	N/A	1,840,903	1,840,903
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	19,653,553	1.0384	18,926,587	19,653,553
D2 - FARM & RANCH IMP	493,972	N/A	493,972	493,972
E - NON-AG LAND AND IMPROVEMENTS	58,183,486	0.7943	73,251,273	58,183,486
F1 - COMMERCIAL REAL	26,723,439	0.9995	26,736,807	26,723,439
F2 - INDUSTRIAL REAL	466,759	N/A	466,759	466,759
G - ALL MINERALS	5,442,660	N/A	5,442,660	5,442,660
J - ALL UTILITIES	11,504,043	N/A	11,504,043	11,504,043
L1 - COMMERCIAL PERSONAL	64,752,536	1.0102	64,098,729	64,752,536
L2 - INDUSTRIAL PERSONAL	1,772,339	N/A	1,772,339	1,772,339
M1 - MOBILE HOMES	716,353	N/A	716,353	716,353
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	23,249	N/A	23,249	23,249
Subtotal	373,729,008	0	393,435,046	373,729,008
Less Total Deductions	55,706,654	0	57,648,212	55,706,654
Total Taxable Value	318,022,354	0	335,786,834	318,022,354

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
325,713,150	318,022,354	325,713,150	318,022,354

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
7,690,796	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
325,713,150	318,022,354	325,713,150	318,022,354

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

152-910-02/Idalou ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	180,505,403	0.9678	186,511,059	180,505,403
B - MULTIFAMILY	1,650,313	N/A	1,650,313	1,650,313
C1 - VACANT LOTS	1,840,903	N/A	1,840,903	1,840,903
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	19,653,553	1.0384	18,926,587	19,653,553
D2 - FARM & RANCH IMP	493,972	N/A	493,972	493,972
E - NON-AG LAND AND IMPROVEMENTS	58,183,486	0.7943	73,251,273	58,183,486
F1 - COMMERCIAL REAL	26,723,439	0.9995	26,736,807	26,723,439
F2 - INDUSTRIAL REAL	466,759	N/A	466,759	466,759
G - ALL MINERALS	5,442,660	N/A	5,442,660	5,442,660
J - ALL UTILITIES	11,504,043	N/A	11,504,043	11,504,043
L1 - COMMERCIAL PERSONAL	64,752,536	1.0102	64,098,729	64,752,536
L2 - INDUSTRIAL PERSONAL	1,772,339	N/A	1,772,339	1,772,339
M1 - MOBILE HOMES	716,353	N/A	716,353	716,353
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	23,249	N/A	23,249	23,249
Subtotal	373,729,008		393,435,046	373,729,008
Less Total Deductions	55,706,654		57,648,212	55,706,654
Total Taxable Value	318,022,354		335,786,834	318,022,354

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
325,713,150	318,022,354	325,713,150	318,022,354

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
7,690,796	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
325,713,150	318,022,354	325,713,150	318,022,354

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