taxes Property Tax Assistance

2016 ISD Summary Worksheet

152/Lubbock

152-910/Idalou ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 127,141,631 N/A 127,141,631 127,141,631
B. Multi-Family Residences 1,462,907 N/A 1,462,907 1,462,907
C1. Vacant Lots 2,266,503 N/A 2,266,503 2,266,503
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 17,119,506 N/A 17,119,506 17,119,506
D2. Real Prop Farm & Ranch 148,926 N/A 148,926 148,926
E. Real Prop NonQual Acres 31,273,797 N/A 31,273,797 31,273,797
F1. Commercial Real 17,416,419 N/A 17,416,419 17,416,419
F2. Industrial Real 3,846,497 N/A 3,846,497 3,846,497
G. Oil, Gas, Minerals 6,308,250 N/A 6,308,250 6,308,250
J. Utilities 8,283,753 N/A 8,283,753 8,283,753
L1. Commercial Personal 55,400,251 N/A 55,400,251 55,400,251
L2. Industrial Personal 2,513,395 N/A 2,513,395 2,513,395
M. Other Personal 692,955 N/A 692,955 692,955
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 7,870 N/A 7,870 7,870
Subtotal 273,882,660 273,882,660 273,882,660
Less Total Deductions 40,867,625   40,867,625 40,867,625
Total Taxable Value 233,015,035 233,015,035 233,015,035 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
240,952,033 233,015,035 240,952,033 233,015,035


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
7,936,998 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
240,952,033 233,015,035 240,952,033 233,015,035

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