taxes Property Tax Assistance

2023 ISD Summary Worksheet

Springlake-Earth ISD (all splits)   Castro County   Lamb County  

035-Castro/Castro County

140-907/Springlake-Earth ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 553,030 N/A 553,030 553,030
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,407,294 1.6302 6,997,331 11,407,294
D2 - FARM & RANCH IMP 580,240 N/A 580,240 580,240
E - NON-AG LAND AND IMPROVEMENTS 2,900,310 0.7034 4,123,273 2,900,310
F1 - COMMERCIAL REAL 92,510 N/A 92,510 92,510
F2 - INDUSTRIAL REAL 12,379,300 N/A 12,379,300 12,379,300
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 3,913,250 0.9864 3,967,204 3,913,250
L1 - COMMERCIAL PERSONAL 0 N/A 0 0
L2 - INDUSTRIAL PERSONAL 686,290 N/A 686,290 686,290
M1 - MOBILE HOMES 95,900 N/A 95,900 95,900
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 32,608,124 0 29,475,078 32,608,124
Less Total Deductions 1,101,890 0 1,101,890 1,101,890
Total Taxable Value 31,506,234 0 28,373,188 31,506,234

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

Measure Value Description
T1 31,952,754 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 31,506,234 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 31,952,754 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 31,506,234 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 32,192,754 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 32,352,754 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 31,506,234 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 31,952,754 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 31,506,234 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 31,952,754 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 31,506,234 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 32,192,754 T13 plus the loss to the chapter 313 agreement
T16 32,352,754 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 31,506,234 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 446,520 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 240,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 160,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE LOCAL VALUE IS GREATER THAN PTAD VALUE


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140-Lamb/Lamb County

140-907/Springlake-Earth ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 27,565,402 N/A 27,565,402 27,565,402
B - MULTIFAMILY 27,920 N/A 27,920 27,920
C1 - VACANT LOTS 239,980 N/A 239,980 239,980
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,012,695 N/A 11,012,695 11,012,695
D2 - FARM & RANCH IMP 1,229,390 N/A 1,229,390 1,229,390
E - NON-AG LAND AND IMPROVEMENTS 13,761,431 N/A 13,761,431 13,761,431
F1 - COMMERCIAL REAL 2,429,240 N/A 2,429,240 2,429,240
F2 - INDUSTRIAL REAL 1,601,530 N/A 1,601,530 1,601,530
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 11,708,710 N/A 11,708,710 11,708,710
L1 - COMMERCIAL PERSONAL 1,756,600 N/A 1,756,600 1,756,600
L2 - INDUSTRIAL PERSONAL 4,983,920 N/A 4,983,920 4,983,920
M1 - MOBILE HOMES 685,650 N/A 685,650 685,650
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 77,002,468 0 77,002,468 77,002,468
Less Total Deductions 20,534,044 0 20,534,044 20,534,044
Total Taxable Value 56,468,424 0 56,468,424 56,468,424

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

Measure Value Description
T1 60,699,715 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 56,468,424 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 60,699,715 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 56,468,424 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 65,199,715 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 68,199,715 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 57,349,460 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 60,699,715 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 56,468,424 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 60,699,715 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 56,468,424 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 65,199,715 T13 plus the loss to the chapter 313 agreement
T16 68,199,715 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 57,349,460 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 4,231,291 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 4,500,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 3,000,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED


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140-907-02/Springlake-Earth ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 28,118,432 N/A 28,118,432 28,118,432
B - MULTIFAMILY 27,920 N/A 27,920 27,920
C1 - VACANT LOTS 239,980 N/A 239,980 239,980
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 22,419,989 1.2449 18,010,026 22,419,989
D2 - FARM & RANCH IMP 1,809,630 N/A 1,809,630 1,809,630
E - NON-AG LAND AND IMPROVEMENTS 16,661,741 0.9316 17,884,704 16,661,741
F1 - COMMERCIAL REAL 2,521,750 N/A 2,521,750 2,521,750
F2 - INDUSTRIAL REAL 13,980,830 N/A 13,980,830 13,980,830
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 15,621,960 0.9966 15,675,914 15,621,960
L1 - COMMERCIAL PERSONAL 1,756,600 N/A 1,756,600 1,756,600
L2 - INDUSTRIAL PERSONAL 5,670,210 N/A 5,670,210 5,670,210
M1 - MOBILE HOMES 781,550 N/A 781,550 781,550
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 109,610,592 106,477,546 109,610,592
Less Total Deductions 21,635,934 21,635,934 21,635,934
Total Taxable Value 87,974,658 84,841,612 87,974,658

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

Measure Value Description
T1 92,652,469 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 87,974,658 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 92,652,469 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 87,974,658 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 97,392,469 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 100,552,469 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 88,855,694 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 92,652,469 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 87,974,658 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 92,652,469 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 87,974,658 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 97,392,469 T13 plus the loss to the chapter 313 agreement
T16 100,552,469 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 88,855,694 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 4,677,811 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 4,740,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 3,160,000 Loss to Second Previous Homestead Increase

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