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2007 ISD Summary Worksheet

152/Lubbock
152-902/New Deal ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 55,201,750 .8659 63,750,722 55,201,750
B. Multi-Family Residences 324,600 N/A 324,600 324,600
C. Vacant Lots 3,744,126 N/A 3,744,126 3,744,126
D. Rural Real(Taxable) 41,026,151 1.1582 35,422,043 41,026,151
F1. Commercial Real 2,775,347 N/A 2,775,347 2,775,347
F2. Industrial Real 15,443,907 N/A 15,443,907 15,443,907
G. Oil, Gas, Minerals 22,190,640 1.0159 21,843,331 22,190,640
J. Utilities 8,237,800 .9653 8,533,927 8,237,800
L1. Commercial Personal 6,544,303 N/A 6,544,303 6,544,303
L2. Industrial Personal 49,589,909 N/A 49,589,909 49,589,909
M. Other Personal 314,687 N/A 314,687 314,687
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 71,042 N/A 71,042 71,042
Subtotal 205,464,262 208,357,944 205,464,262
Less Total Deductions 45,343,571   47,561,651 45,343,571
Total Taxable Value 160,120,691 160,796,293 160,120,691 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 16,812,588 .8792 19,122,598
Prod Value Qualified Acres 24,213,563 1.4855 16,299,445
Taxable Value 41,026,151   35,422,043

The taxable values shown here will not match the values reported by your appraisal district

NOTE: See the ISD Deduction Report for a breakdown of deduction values

SB4, Passed by the 1999 legislature, (Section 403.302(J) and (K), Government Code), requires the Comptroller to certify alternative measures of school district wealth (T1, T3, and T4) in addition to the traditional measure (T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the Division of State Funding at the Texas Education Agency, Telephone #512-463-9238.

T1 Loss To The Additional $10,000 Homestead Exemption T2 50% Of The Loss To The Local Optional Percentage Homestead Exemption T3 T4
167,301,822 7,181,131 160,120,691 0 167,301,822 160,120,691

T1 = School district taxable value before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value after the loss to the additional $10,000 homestead exemption

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

The PVS found your local value to be valid, and local value was certified

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