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2023 ISD Summary Worksheet
109-Hill/Hill County
109-903/Covington ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 39,994,360 | N/A | 39,994,360 | 39,994,360 |
| B - MULTIFAMILY | 249,940 | N/A | 249,940 | 249,940 |
| C1 - VACANT LOTS | 1,644,910 | N/A | 1,644,910 | 1,644,910 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 2,918,420 | N/A | 2,918,420 | 2,918,420 |
| D2 - FARM & RANCH IMP | 6,372,500 | N/A | 6,372,500 | 6,372,500 |
| E - NON-AG LAND AND IMPROVEMENTS | 126,762,050 | N/A | 126,762,050 | 126,762,050 |
| F1 - COMMERCIAL REAL | 4,211,110 | N/A | 4,211,110 | 4,211,110 |
| F2 - INDUSTRIAL REAL | 315,030 | N/A | 315,030 | 315,030 |
| G - ALL MINERALS | 7,415,789 | N/A | 7,415,789 | 7,415,789 |
| J - ALL UTILITIES | 20,780,090 | N/A | 20,780,090 | 20,780,090 |
| L1 - COMMERCIAL PERSONAL | 1,042,870 | N/A | 1,042,870 | 1,042,870 |
| L2 - INDUSTRIAL PERSONAL | 1,257,770 | N/A | 1,257,770 | 1,257,770 |
| M1 - MOBILE HOMES | 3,162,660 | N/A | 3,162,660 | 3,162,660 |
| 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 | 216,127,499 | 0 | 216,127,499 | 216,127,499 |
| Less Total Deductions | 70,338,612 | 0 | 70,338,612 | 70,338,612 |
| Total Taxable Value | 145,788,887 | 0 | 145,788,887 | 145,788,887 |
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
| Measure | Value | Description |
|---|---|---|
| T1 | 169,009,682 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 145,788,887 | 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 | 169,009,682 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 145,788,887 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 176,359,682 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 181,259,682 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 153,369,878 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 169,009,682 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 145,788,887 | 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 | 169,009,682 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 145,788,887 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 176,359,682 | T13 plus the loss to the chapter 313 agreement |
| T16 | 181,259,682 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 153,369,878 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 23,220,795 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 7,350,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 4,900,000 | Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED
109-903-02/Covington ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 39,994,360 | N/A | 39,994,360 | 39,994,360 |
| B - MULTIFAMILY | 249,940 | N/A | 249,940 | 249,940 |
| C1 - VACANT LOTS | 1,644,910 | N/A | 1,644,910 | 1,644,910 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 2,918,420 | N/A | 2,918,420 | 2,918,420 |
| D2 - FARM & RANCH IMP | 6,372,500 | N/A | 6,372,500 | 6,372,500 |
| E - NON-AG LAND AND IMPROVEMENTS | 126,762,050 | N/A | 126,762,050 | 126,762,050 |
| F1 - COMMERCIAL REAL | 4,211,110 | N/A | 4,211,110 | 4,211,110 |
| F2 - INDUSTRIAL REAL | 315,030 | N/A | 315,030 | 315,030 |
| G - ALL MINERALS | 7,415,789 | N/A | 7,415,789 | 7,415,789 |
| J - ALL UTILITIES | 20,780,090 | N/A | 20,780,090 | 20,780,090 |
| L1 - COMMERCIAL PERSONAL | 1,042,870 | N/A | 1,042,870 | 1,042,870 |
| L2 - INDUSTRIAL PERSONAL | 1,257,770 | N/A | 1,257,770 | 1,257,770 |
| M1 - MOBILE HOMES | 3,162,660 | N/A | 3,162,660 | 3,162,660 |
| 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 | 216,127,499 | 216,127,499 | 216,127,499 | |
| Less Total Deductions | 70,338,612 | 70,338,612 | 70,338,612 | |
| Total Taxable Value | 145,788,887 | 145,788,887 | 145,788,887 |
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
| Measure | Value | Description |
|---|---|---|
| T1 | 169,009,682 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 145,788,887 | 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 | 169,009,682 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 145,788,887 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 176,359,682 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 181,259,682 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 153,369,878 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 169,009,682 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 145,788,887 | 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 | 169,009,682 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 145,788,887 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 176,359,682 | T13 plus the loss to the chapter 313 agreement |
| T16 | 181,259,682 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 153,369,878 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 23,220,795 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 7,350,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 4,900,000 | Loss to Second Previous Homestead Increase |