taxes Property Tax Assistance

2022 ISD Summary Worksheet

035-Castro /Castro County

140-907/Springlake-Earth ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 540,690 N/A 540,690 540,690
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 0 N/A 0 0
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 10,761,094 2.7306 3,940,935 10,761,094
D2 - FARM & RANCH IMP 579,790 0.9876 587,070 579,790
E - NON-AG LAND AND IMPROVEMENTS 2,833,590 0.8408 3,370,112 2,833,590
F1 - COMMERCIAL REAL 92,510 N/A 92,510 92,510
F2 - INDUSTRIAL REAL 12,246,530 N/A 12,246,530 12,246,530
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 3,832,900 N/A 3,832,900 3,832,900
L1 - COMMERCIAL PERSONAL 0 N/A 0 0
L2 - INDUSTRIAL PERSONAL 580,360 N/A 580,360 580,360
M1 - MOBILE HOMES 95,900 N/A 95,900 95,900
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 31,563,364 0 25,287,007 31,563,364
Less Total Deductions 612,491 0 612,491 612,491
Total Taxable Value 30,950,873 0 24,674,516 30,950,873

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 T13
31,104,523 30,950,873 31,104,523 30,950,873 31,234,523


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
153,650 0 130,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = 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 = 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
31,104,523 30,950,873 31,104,523 30,950,873 31,234,523

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = 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 = 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

T14 = T13 plus the loss to the chapter 313 agreement

THE PVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE LOCAL VALUE IS GREATER THAN PTAD VALUE

140-Lamb /Lamb County

140-907/Springlake-Earth ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 23,175,898 0.7975 29,060,687 23,175,898
B - MULTIFAMILY 25,460 N/A 25,460 25,460
C1 - VACANT LOTS 241,730 N/A 241,730 241,730
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,897,114 1.6541 7,192,617 11,897,114
D2 - FARM & RANCH IMP 1,124,580 N/A 1,124,580 1,124,580
E - NON-AG LAND AND IMPROVEMENTS 12,374,671 0.9416 13,142,174 12,374,671
F1 - COMMERCIAL REAL 2,429,240 N/A 2,429,240 2,429,240
F2 - INDUSTRIAL REAL 1,599,000 N/A 1,599,000 1,599,000
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 11,100,020 N/A 11,100,020 11,100,020
L1 - COMMERCIAL PERSONAL 1,676,970 N/A 1,676,970 1,676,970
L2 - INDUSTRIAL PERSONAL 4,242,480 N/A 4,242,480 4,242,480
M1 - MOBILE HOMES 314,280 N/A 314,280 314,280
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 70,201,443 0 72,149,238 70,201,443
Less Total Deductions 12,694,253 0 14,939,977 12,694,253
Total Taxable Value 57,507,190 0 57,209,261 57,507,190

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 T13
59,398,522 57,507,190 59,398,522 57,507,190 62,388,522


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
1,891,332 0 2,990,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = 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 = 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
59,398,522 57,507,190 59,398,522 57,507,190 62,388,522

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = 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 = 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

T14 = T13 plus the loss to the chapter 313 agreement

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

140-907-02/Springlake-Earth ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 23,716,588 0.8012 29,601,377 23,716,588
B - MULTIFAMILY 25,460 N/A 25,460 25,460
C1 - VACANT LOTS 241,730 N/A 241,730 241,730
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 22,658,208 2.0351 11,133,552 22,658,208
D2 - FARM & RANCH IMP 1,704,370 0.9957 1,711,650 1,704,370
E - NON-AG LAND AND IMPROVEMENTS 15,208,261 0.9210 16,512,286 15,208,261
F1 - COMMERCIAL REAL 2,521,750 N/A 2,521,750 2,521,750
F2 - INDUSTRIAL REAL 13,845,530 N/A 13,845,530 13,845,530
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 14,932,920 N/A 14,932,920 14,932,920
L1 - COMMERCIAL PERSONAL 1,676,970 N/A 1,676,970 1,676,970
L2 - INDUSTRIAL PERSONAL 4,822,840 N/A 4,822,840 4,822,840
M1 - MOBILE HOMES 410,180 N/A 410,180 410,180
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 0 N/A 0 0
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 101,764,807 97,436,245 101,764,807
Less Total Deductions 13,306,744 15,552,468 13,306,744
Total Taxable Value 88,458,063 81,883,777 88,458,063

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 T13
90,503,045 88,458,063 90,503,045 88,458,063 93,623,045


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
2,044,982 0 3,120,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = 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 = 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
90,503,045 88,458,063 90,503,045 88,458,063 93,623,045

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = 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 = 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

T14 = T13 plus the loss to the chapter 313 agreement