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2008 ISD Summary Worksheet

140/Lamb

140-904/Littlefield ISD

Category Local Tax Roll Value 2008 WTD Mean Ratio 2008 PTD Value Estimate 2008 Value Assigned
A. Single-Family Residences 91,943,930 .9843 93,410,474 91,943,930
B. Multi-Family Residences 2,493,350 N/A 2,493,350 2,493,350
C. Vacant Lots 1,020,760 N/A 1,020,760 1,020,760
D. Rural Real(Taxable) 34,492,456 1.0696 32,248,572 34,492,456
F1. Commercial Real 21,645,740 .9487 22,816,212 21,645,740
F2. Industrial Real 14,927,380 N/A 14,927,380 14,927,380
G. Oil, Gas, Minerals 24,185,700 1.0437 23,173,038 24,185,700
J. Utilities 18,889,621 1.0422 18,124,756 18,889,621
L1. Commercial Personal 18,713,320 .9838 19,021,468 18,713,320
L2. Industrial Personal 12,220,590 N/A 12,220,590 12,220,590
M. Other Personal 537,560 N/A 537,560 537,560
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 57,020 N/A 57,020 57,020
S. Special Inventory 1,844,050 N/A 1,844,050 1,844,050
Subtotal 242,971,477 241,895,230 242,971,477
Less Total Deductions 33,986,419   34,445,062 33,986,419
Total Taxable Value 208,985,058 207,450,168 208,985,058 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 9,185,250 1.0134 9,063,795
Prod Value Qualified Acres 25,307,206 1.0915 23,184,777
Taxable Value 34,492,456   32,248,572

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 (T1, T3, T4, T5 and T6) 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 T2 T3 T4 T5 T6
222,763,480 208,985,058 222,763,480 208,985,058 212,211,020 212,211,020


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
13,778,422 0


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 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

T5 = T2 Before the loss to the tax ceiling reduction

T6 = T5 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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