taxes Property Tax Assistance

2023 ISD Summary Worksheet

Shallowater ISD (all splits)   Lubbock County  

152-Lubbock/Lubbock County

152-909/Shallowater ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 395,797,567 0.9684 408,712,894 395,797,567
B - MULTIFAMILY 14,372,338 N/A 14,372,338 14,372,338
C1 - VACANT LOTS 12,479,245 N/A 12,479,245 12,479,245
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 7,501,937 0.6930 10,824,798 7,501,937
D2 - FARM & RANCH IMP 346,936 N/A 346,936 346,936
E - NON-AG LAND AND IMPROVEMENTS 98,386,975 0.9068 108,499,090 98,386,975
F1 - COMMERCIAL REAL 38,535,305 1.0097 38,165,103 38,535,305
F2 - INDUSTRIAL REAL 29,320 N/A 29,320 29,320
G - ALL MINERALS 32,809,430 N/A 32,809,430 32,809,430
J - ALL UTILITIES 30,558,433 N/A 30,558,433 30,558,433
L1 - COMMERCIAL PERSONAL 27,827,761 N/A 27,827,761 27,827,761
L2 - INDUSTRIAL PERSONAL 1,366,550 N/A 1,366,550 1,366,550
M1 - MOBILE HOMES 4,070,266 N/A 4,070,266 4,070,266
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,126,489 N/A 1,126,489 1,126,489
S - SPECIAL INVENTORY 124,271 N/A 124,271 124,271
Subtotal 665,332,823 0 691,312,924 665,332,823
Less Total Deductions 169,502,254 0 173,093,432 169,502,254
Total Taxable Value 495,830,569 0 518,219,492 495,830,569

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 557,417,177 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 495,830,569 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 557,417,177 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 495,830,569 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 579,347,177 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 593,967,177 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 503,459,833 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 557,417,177 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 495,830,569 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 557,417,177 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 495,830,569 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 579,347,177 T13 plus the loss to the chapter 313 agreement
T16 593,967,177 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 503,459,833 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 61,586,608 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 21,930,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 14,620,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED


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152-909-02/Shallowater ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 395,797,567 0.9684 408,712,894 395,797,567
B - MULTIFAMILY 14,372,338 N/A 14,372,338 14,372,338
C1 - VACANT LOTS 12,479,245 N/A 12,479,245 12,479,245
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 7,501,937 0.6930 10,824,798 7,501,937
D2 - FARM & RANCH IMP 346,936 N/A 346,936 346,936
E - NON-AG LAND AND IMPROVEMENTS 98,386,975 0.9068 108,499,090 98,386,975
F1 - COMMERCIAL REAL 38,535,305 1.0097 38,165,103 38,535,305
F2 - INDUSTRIAL REAL 29,320 N/A 29,320 29,320
G - ALL MINERALS 32,809,430 N/A 32,809,430 32,809,430
J - ALL UTILITIES 30,558,433 N/A 30,558,433 30,558,433
L1 - COMMERCIAL PERSONAL 27,827,761 N/A 27,827,761 27,827,761
L2 - INDUSTRIAL PERSONAL 1,366,550 N/A 1,366,550 1,366,550
M1 - MOBILE HOMES 4,070,266 N/A 4,070,266 4,070,266
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,126,489 N/A 1,126,489 1,126,489
S - SPECIAL INVENTORY 124,271 N/A 124,271 124,271
Subtotal 665,332,823 691,312,924 665,332,823
Less Total Deductions 169,502,254 173,093,432 169,502,254
Total Taxable Value 495,830,569 518,219,492 495,830,569

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 557,417,177 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 495,830,569 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 557,417,177 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 495,830,569 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 579,347,177 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 593,967,177 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 503,459,833 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 557,417,177 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 495,830,569 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 557,417,177 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 495,830,569 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 579,347,177 T13 plus the loss to the chapter 313 agreement
T16 593,967,177 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 503,459,833 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 61,586,608 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 21,930,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 14,620,000 Loss to Second Previous Homestead Increase

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