taxes Property Tax Assistance

2022 ISD Summary Worksheet

109-Hill /Hill County

109-903/Covington ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	36,344,040	0.9446	38,475,588	36,344,040
B - MULTIFAMILY	244,590	N/A	244,590	244,590
C1 - VACANT LOTS	1,139,160	N/A	1,139,160	1,139,160
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,919,900	1.3984	2,088,070	2,919,900
D2 - FARM & RANCH IMP	6,103,720	N/A	6,103,720	6,103,720
E - NON-AG LAND AND IMPROVEMENTS	104,178,880	0.9030	115,369,745	104,178,880
F1 - COMMERCIAL REAL	4,039,770	N/A	4,039,770	4,039,770
F2 - INDUSTRIAL REAL	222,880	N/A	222,880	222,880
G - ALL MINERALS	3,479,297	N/A	3,479,297	3,479,297
J - ALL UTILITIES	17,690,990	0.8142	21,728,064	17,690,990
L1 - COMMERCIAL PERSONAL	1,036,890	N/A	1,036,890	1,036,890
L2 - INDUSTRIAL PERSONAL	657,390	N/A	657,390	657,390
M1 - MOBILE HOMES	2,918,270	N/A	2,918,270	2,918,270
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	180,975,777	0	197,503,434	180,975,777
Less Total Deductions	43,437,511	0	46,094,748	43,437,511
Total Taxable Value	137,538,266	0	151,408,686	137,538,266

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
143,518,328	137,538,266	143,518,328	137,538,266	148,298,328

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
5,980,062	0	4,780,000

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
143,518,328	137,538,266	143,518,328	137,538,266	148,298,328

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

109-903-02/Covington ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	36,344,040	0.9446	38,475,588	36,344,040
B - MULTIFAMILY	244,590	N/A	244,590	244,590
C1 - VACANT LOTS	1,139,160	N/A	1,139,160	1,139,160
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	2,919,900	1.3984	2,088,070	2,919,900
D2 - FARM & RANCH IMP	6,103,720	N/A	6,103,720	6,103,720
E - NON-AG LAND AND IMPROVEMENTS	104,178,880	0.9030	115,369,745	104,178,880
F1 - COMMERCIAL REAL	4,039,770	N/A	4,039,770	4,039,770
F2 - INDUSTRIAL REAL	222,880	N/A	222,880	222,880
G - ALL MINERALS	3,479,297	N/A	3,479,297	3,479,297
J - ALL UTILITIES	17,690,990	0.8142	21,728,064	17,690,990
L1 - COMMERCIAL PERSONAL	1,036,890	N/A	1,036,890	1,036,890
L2 - INDUSTRIAL PERSONAL	657,390	N/A	657,390	657,390
M1 - MOBILE HOMES	2,918,270	N/A	2,918,270	2,918,270
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	180,975,777		197,503,434	180,975,777
Less Total Deductions	43,437,511		46,094,748	43,437,511
Total Taxable Value	137,538,266		151,408,686	137,538,266

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
143,518,328	137,538,266	143,518,328	137,538,266	148,298,328

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
5,980,062	0	4,780,000

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
143,518,328	137,538,266	143,518,328	137,538,266	148,298,328

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