taxes Property Tax Assistance

2023 ISD Summary Worksheet

201-Rusk/Rusk County

201-904/Leveretts Chapel ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 29,594,540 1.0065 29,403,418 29,594,540
B - MULTIFAMILY 172,910 N/A 172,910 172,910
C1 - VACANT LOTS 3,407,540 N/A 3,407,540 3,407,540
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 540,212 1.0990 491,534 540,212
D2 - FARM & RANCH IMP 406,490 N/A 406,490 406,490
E - NON-AG LAND AND IMPROVEMENTS 8,414,100 1.0167 8,275,893 8,414,100
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 1,002,360 N/A 1,002,360 1,002,360
G - ALL MINERALS 8,487,350 1.0085 8,415,816 8,487,350
J - ALL UTILITIES 5,206,370 0.9698 5,368,499 5,206,370
L1 - COMMERCIAL PERSONAL 1,044,010 N/A 1,044,010 1,044,010
L2 - INDUSTRIAL PERSONAL 1,255,400 N/A 1,255,400 1,255,400
M1 - MOBILE HOMES 4,673,580 N/A 4,673,580 4,673,580
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 64,204,862 0 63,917,450 64,204,862
Less Total Deductions 18,808,625 0 18,747,772 18,808,625
Total Taxable Value 45,396,237 0 45,169,678 45,396,237

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 49,788,947 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 45,396,237 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 48,657,197 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 44,264,487 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 52,683,947 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 54,613,947 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 46,615,775 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 49,788,947 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 45,396,237 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 48,657,197 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 44,264,487 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 52,683,947 T13 plus the loss to the chapter 313 agreement
T16 54,613,947 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 46,615,775 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 4,392,710 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 1,131,750 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 2,895,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 1,930,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED

201-904-02/Leveretts Chapel ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 29,594,540 1.0065 29,403,418 29,594,540
B - MULTIFAMILY 172,910 N/A 172,910 172,910
C1 - VACANT LOTS 3,407,540 N/A 3,407,540 3,407,540
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 540,212 1.0990 491,534 540,212
D2 - FARM & RANCH IMP 406,490 N/A 406,490 406,490
E - NON-AG LAND AND IMPROVEMENTS 8,414,100 1.0167 8,275,893 8,414,100
F1 - COMMERCIAL REAL 0 N/A 0 0
F2 - INDUSTRIAL REAL 1,002,360 N/A 1,002,360 1,002,360
G - ALL MINERALS 8,487,350 1.0085 8,415,816 8,487,350
J - ALL UTILITIES 5,206,370 0.9698 5,368,499 5,206,370
L1 - COMMERCIAL PERSONAL 1,044,010 N/A 1,044,010 1,044,010
L2 - INDUSTRIAL PERSONAL 1,255,400 N/A 1,255,400 1,255,400
M1 - MOBILE HOMES 4,673,580 N/A 4,673,580 4,673,580
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 64,204,862 63,917,450 64,204,862
Less Total Deductions 18,808,625 18,747,772 18,808,625
Total Taxable Value 45,396,237 45,169,678 45,396,237

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 49,788,947 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 45,396,237 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 48,657,197 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 44,264,487 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 52,683,947 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 54,613,947 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 46,615,775 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 49,788,947 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 45,396,237 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 48,657,197 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 44,264,487 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 52,683,947 T13 plus the loss to the chapter 313 agreement
T16 54,613,947 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 46,615,775 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 4,392,710 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 1,131,750 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 2,895,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 1,930,000 Loss to Second Previous Homestead Increase