taxes Property Tax Assistance

2022 ISD Summary Worksheet

113-Houston/Houston County

113-903/Lovelady ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	49,883,220	0.9708	51,383,622	49,883,220
B - MULTIFAMILY	274,470	N/A	274,470	274,470
C1 - VACANT LOTS	3,202,960	N/A	3,202,960	3,202,960
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	24,719,769	0.9707	25,465,043	24,719,769
D2 - FARM & RANCH IMP	15,842,520	N/A	15,842,520	15,842,520
E - NON-AG LAND AND IMPROVEMENTS	125,088,890	0.8126	153,936,611	125,088,890
F1 - COMMERCIAL REAL	4,838,970	N/A	4,838,970	4,838,970
F2 - INDUSTRIAL REAL	587,840	N/A	587,840	587,840
G - ALL MINERALS	27,811,040	1.0104	27,524,782	27,811,040
J - ALL UTILITIES	139,131,520	0.9354	148,740,133	139,131,520
L1 - COMMERCIAL PERSONAL	2,460,080	N/A	2,460,080	2,460,080
L2 - INDUSTRIAL PERSONAL	6,375,080	N/A	6,375,080	6,375,080
M1 - MOBILE HOMES	10,918,620	N/A	10,918,620	10,918,620
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	411,134,979	0	451,550,731	411,134,979
Less Total Deductions	49,117,794	0	50,395,570	49,117,794
Total Taxable Value	362,017,185	0	401,155,161	362,017,185

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	T13
371,274,845	362,017,185	371,274,845	362,017,185	379,174,845

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
9,257,660	0	7,900,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
371,274,845	362,017,185	371,274,845	362,017,185	379,174,845

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

113-903-02/Lovelady ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	49,883,220	0.9708	51,383,622	49,883,220
B - MULTIFAMILY	274,470	N/A	274,470	274,470
C1 - VACANT LOTS	3,202,960	N/A	3,202,960	3,202,960
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	24,719,769	0.9707	25,465,043	24,719,769
D2 - FARM & RANCH IMP	15,842,520	N/A	15,842,520	15,842,520
E - NON-AG LAND AND IMPROVEMENTS	125,088,890	0.8126	153,936,611	125,088,890
F1 - COMMERCIAL REAL	4,838,970	N/A	4,838,970	4,838,970
F2 - INDUSTRIAL REAL	587,840	N/A	587,840	587,840
G - ALL MINERALS	27,811,040	1.0104	27,524,782	27,811,040
J - ALL UTILITIES	139,131,520	0.9354	148,740,133	139,131,520
L1 - COMMERCIAL PERSONAL	2,460,080	N/A	2,460,080	2,460,080
L2 - INDUSTRIAL PERSONAL	6,375,080	N/A	6,375,080	6,375,080
M1 - MOBILE HOMES	10,918,620	N/A	10,918,620	10,918,620
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	0	N/A	0	0
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	411,134,979		451,550,731	411,134,979
Less Total Deductions	49,117,794		50,395,570	49,117,794
Total Taxable Value	362,017,185		401,155,161	362,017,185

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	T13
371,274,845	362,017,185	371,274,845	362,017,185	379,174,845

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
9,257,660	0	7,900,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
371,274,845	362,017,185	371,274,845	362,017,185	379,174,845

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement