taxes Property Tax Assistance

2017 ISD Summary Worksheet

152/Lubbock

152-901/Lubbock ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 6,160,961,411 .9736 6,328,021,170 6,160,961,411
B. Multi-Family Residences 1,316,585,096 .9732 1,352,841,241 1,316,585,096
C1. Vacant Lots 80,570,962 N/A 80,570,962 80,570,962
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 1,759,206 1.1933 1,474,243 1,759,206
D2. Real Prop Farm & Ranch 80,102 N/A 80,102 80,102
E. Real Prop NonQual Acres 9,843,147 N/A 9,843,147 9,843,147
F1. Commercial Real 2,602,188,030 .8984 2,896,469,312 2,602,188,030
F2. Industrial Real 135,185,351 N/A 135,185,351 135,185,351
G. Oil, Gas, Minerals 16,519,080 N/A 16,519,080 16,519,080
J. Utilities 187,748,379 N/A 187,748,379 187,748,379
L1. Commercial Personal 1,152,939,326 .9881 1,166,824,538 1,152,939,326
L2. Industrial Personal 271,814,172 N/A 271,814,172 271,814,172
M. Other Personal 3,111,217 N/A 3,111,217 3,111,217
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 5,667,176 N/A 5,667,176 5,667,176
S. Special Inventory 63,224,733 N/A 63,224,733 63,224,733
Subtotal 12,008,197,388 12,519,394,823 12,008,197,388
Less Total Deductions 1,439,993,755   1,489,291,691 1,439,993,755
Total Taxable Value 10,568,203,633 11,030,103,132 10,568,203,633 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
10,861,835,032 10,568,203,633 10,861,835,032 10,568,203,633


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
293,631,399 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
10,861,835,032 10,568,203,633 10,861,835,032 10,568,203,633

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