taxes Property Tax Assistance

2022 ISD Summary Worksheet

152-Lubbock/Lubbock County

152-901/Lubbock ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 8,745,848,389 N/A 8,745,848,389 8,745,848,389
B - MULTIFAMILY 1,678,234,206 N/A 1,678,234,206 1,678,234,206
C1 - VACANT LOTS 88,579,438 N/A 88,579,438 88,579,438
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,300,034 N/A 2,300,038 2,300,034
D2 - FARM & RANCH IMP 221,029 N/A 221,029 221,029
E - NON-AG LAND AND IMPROVEMENTS 9,922,685 N/A 9,922,685 9,922,685
F1 - COMMERCIAL REAL 2,975,860,504 N/A 2,975,860,504 2,975,860,504
F2 - INDUSTRIAL REAL 123,054,413 N/A 123,054,413 123,054,413
G - ALL MINERALS 20,058,030 N/A 20,058,030 20,058,030
J - ALL UTILITIES 277,554,959 N/A 277,554,959 277,554,959
L1 - COMMERCIAL PERSONAL 1,408,133,463 N/A 1,408,133,463 1,408,133,463
L2 - INDUSTRIAL PERSONAL 304,941,330 N/A 304,941,330 304,941,330
M1 - MOBILE HOMES 4,143,338 N/A 4,143,338 4,143,338
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 2,498,208 N/A 2,498,208 2,498,208
S - SPECIAL INVENTORY 70,643,847 N/A 70,643,847 70,643,847
Subtotal 15,711,993,873 0 15,711,993,877 15,711,993,873
Less Total Deductions 2,330,615,845 0 2,330,615,845 2,330,615,845
Total Taxable Value 13,381,378,028 0 13,381,378,032 13,381,378,028

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
13,787,593,543 13,381,378,028 13,787,593,543 13,381,378,028 14,078,743,543


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
406,215,515 0 291,150,000


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
13,787,593,543 13,381,378,028 13,787,593,543 13,381,378,028 14,078,743,543

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 TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

152-901-02/Lubbock ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 8,745,848,389 N/A 8,745,848,389 8,745,848,389
B - MULTIFAMILY 1,678,234,206 N/A 1,678,234,206 1,678,234,206
C1 - VACANT LOTS 88,579,438 N/A 88,579,438 88,579,438
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,300,034 1.0000 2,300,038 2,300,034
D2 - FARM & RANCH IMP 221,029 N/A 221,029 221,029
E - NON-AG LAND AND IMPROVEMENTS 9,922,685 N/A 9,922,685 9,922,685
F1 - COMMERCIAL REAL 2,975,860,504 N/A 2,975,860,504 2,975,860,504
F2 - INDUSTRIAL REAL 123,054,413 N/A 123,054,413 123,054,413
G - ALL MINERALS 20,058,030 N/A 20,058,030 20,058,030
J - ALL UTILITIES 277,554,959 N/A 277,554,959 277,554,959
L1 - COMMERCIAL PERSONAL 1,408,133,463 N/A 1,408,133,463 1,408,133,463
L2 - INDUSTRIAL PERSONAL 304,941,330 N/A 304,941,330 304,941,330
M1 - MOBILE HOMES 4,143,338 N/A 4,143,338 4,143,338
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 2,498,208 N/A 2,498,208 2,498,208
S - SPECIAL INVENTORY 70,643,847 N/A 70,643,847 70,643,847
Subtotal 15,711,993,873 15,711,993,877 15,711,993,873
Less Total Deductions 2,330,615,845 2,330,615,845 2,330,615,845
Total Taxable Value 13,381,378,028 13,381,378,032 13,381,378,028

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
13,787,593,543 13,381,378,028 13,787,593,543 13,381,378,028 14,078,743,543


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
406,215,515 0 291,150,000


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
13,787,593,543 13,381,378,028 13,787,593,543 13,381,378,028 14,078,743,543

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