taxes Property Tax Assistance

2022 ISD Summary Worksheet

148-Lipscomb /Lipscomb County

148-902/Follett ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 8,839,020 0.7357 12,014,435 8,839,020
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 73,320 N/A 73,320 73,320
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,548,523 1.3380 8,631,081 11,548,523
D2 - FARM & RANCH IMP 2,884,390 N/A 2,884,390 2,884,390
E - NON-AG LAND AND IMPROVEMENTS 4,232,960 N/A 4,232,960 4,232,960
F1 - COMMERCIAL REAL 1,279,460 N/A 1,279,460 1,279,460
F2 - INDUSTRIAL REAL 304,110 N/A 304,110 304,110
G - ALL MINERALS 74,578,824 1.0100 73,840,420 74,578,824
J - ALL UTILITIES 13,636,030 N/A 13,636,030 13,636,030
L1 - COMMERCIAL PERSONAL 908,410 N/A 908,410 908,410
L2 - INDUSTRIAL PERSONAL 555,993 N/A 555,993 555,993
M1 - MOBILE HOMES 171,600 N/A 171,600 171,600
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 119,012,640 0 118,532,209 119,012,640
Less Total Deductions 5,583,009 0 6,932,593 5,583,009
Total Taxable Value 113,429,631 0 111,599,616 113,429,631

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
114,769,261 113,429,631 114,769,261 113,429,631 116,229,261


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
1,339,630 0 1,460,000


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
114,769,261 113,429,631 114,769,261 113,429,631 116,229,261

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

148-902-02/Follett ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 8,839,020 0.7357 12,014,435 8,839,020
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 73,320 N/A 73,320 73,320
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 11,548,523 1.3380 8,631,081 11,548,523
D2 - FARM & RANCH IMP 2,884,390 N/A 2,884,390 2,884,390
E - NON-AG LAND AND IMPROVEMENTS 4,232,960 N/A 4,232,960 4,232,960
F1 - COMMERCIAL REAL 1,279,460 N/A 1,279,460 1,279,460
F2 - INDUSTRIAL REAL 304,110 N/A 304,110 304,110
G - ALL MINERALS 74,578,824 1.0100 73,840,420 74,578,824
J - ALL UTILITIES 13,636,030 N/A 13,636,030 13,636,030
L1 - COMMERCIAL PERSONAL 908,410 N/A 908,410 908,410
L2 - INDUSTRIAL PERSONAL 555,993 N/A 555,993 555,993
M1 - MOBILE HOMES 171,600 N/A 171,600 171,600
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 119,012,640 118,532,209 119,012,640
Less Total Deductions 5,583,009 6,932,593 5,583,009
Total Taxable Value 113,429,631 111,599,616 113,429,631

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
114,769,261 113,429,631 114,769,261 113,429,631 116,229,261


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
1,339,630 0 1,460,000


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
114,769,261 113,429,631 114,769,261 113,429,631 116,229,261

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