taxes Property Tax Assistance

2016 ISD Summary Worksheet

152/Lubbock

152-901/Lubbock ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 5,892,231,099 N/A 5,892,231,099 5,892,231,099
B. Multi-Family Residences 1,195,611,380 N/A 1,195,611,380 1,195,611,380
C1. Vacant Lots 86,878,859 N/A 86,878,859 86,878,859
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,119,128 N/A 2,119,128 2,119,128
D2. Real Prop Farm & Ranch 54,138 N/A 54,138 54,138
E. Real Prop NonQual Acres 8,161,912 N/A 8,161,912 8,161,912
F1. Commercial Real 2,533,396,558 N/A 2,533,396,558 2,533,396,558
F2. Industrial Real 135,064,642 N/A 135,064,642 135,064,642
G. Oil, Gas, Minerals 12,379,860 N/A 12,379,860 12,379,860
J. Utilities 176,615,982 N/A 176,615,982 176,615,982
L1. Commercial Personal 1,159,894,873 N/A 1,159,894,873 1,159,894,873
L2. Industrial Personal 301,386,377 N/A 301,386,377 301,386,377
M. Other Personal 3,675,537 N/A 3,675,537 3,675,537
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 9,264,295 N/A 9,264,295 9,264,295
S. Special Inventory 63,136,832 N/A 63,136,832 63,136,832
Subtotal 11,579,871,472 11,579,871,472 11,579,871,472
Less Total Deductions 1,418,612,640   1,418,612,640 1,418,612,640
Total Taxable Value 10,161,258,832 10,161,258,832 10,161,258,832 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
10,459,995,937 10,161,258,832 10,459,995,937 10,161,258,832


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
298,737,105 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
10,459,995,937 10,161,258,832 10,459,995,937 10,161,258,832

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