taxes Property Tax Assistance

2016 ISD Summary Worksheet

152/Lubbock

152-909/Shallowater ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 201,859,755 N/A 201,859,755 201,859,755
B. Multi-Family Residences 2,235,393 N/A 2,235,393 2,235,393
C1. Vacant Lots 4,326,806 N/A 4,326,806 4,326,806
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 7,265,413 N/A 7,265,413 7,265,413
D2. Real Prop Farm & Ranch 171,264 N/A 171,264 171,264
E. Real Prop NonQual Acres 24,197,887 N/A 24,197,887 24,197,887
F1. Commercial Real 23,858,041 N/A 23,858,041 23,858,041
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 15,744,980 N/A 15,744,980 15,744,980
J. Utilities 14,855,812 N/A 14,855,812 14,855,812
L1. Commercial Personal 8,212,302 N/A 8,212,302 8,212,302
L2. Industrial Personal 2,074,647 N/A 2,074,647 2,074,647
M. Other Personal 2,745,146 N/A 2,745,146 2,745,146
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 851,200 N/A 851,200 851,200
S. Special Inventory 198,647 N/A 198,647 198,647
Subtotal 308,597,293 308,597,293 308,597,293
Less Total Deductions 47,075,247   47,075,247 47,075,247
Total Taxable Value 261,522,046 261,522,046 261,522,046 T2

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
270,894,204 261,522,046 270,894,204 261,522,046


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
9,372,158 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
270,894,204 261,522,046 270,894,204 261,522,046

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 to be valid, and local value was certified