taxes Property Tax Assistance

2018 ISD Summary Worksheet

109-Hill

109-903/Covington ISD

Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES 20,337,670 0.9986 20,366,183 20,337,670
B. MULTIFAMILY RESIDENCES 203,350 N/A 203,350 203,350
C1. VACANT LOTS 553,000 N/A 553,000 553,000
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 2,961,510 1.0862 2,726,462 2,961,510
D2. REAL PROP:FARM & RANCH 3,548,260 N/A 3,548,260 3,548,260
E. REAL PROP NONQUAL ACREAGE 55,858,140 0.9408 59,373,023 55,858,140
F1. COMMERCIAL REAL 2,239,770 N/A 2,239,770 2,239,770
F2. INDUSTRIAL REAL 0 N/A 0 0
G. OIL,GAS,MINERALS 7,939,421 1.0149 7,822,860 7,939,421
J. UTILITIES 15,443,140 0.8495 18,179,094 15,443,140
L1. COMMERCIAL PERSONAL 721,250 N/A 721,250 721,250
L2. INDUSTRIAL PERSONAL 1,046,990 N/A 1,046,990 1,046,990
M. MOBILE HOMES 1,775,790 N/A 1,775,790 1,775,790
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 0 N/A 0 0
S. SPECIAL INVENTORY 10,020 N/A 10,020 10,020
Subtotal 112,638,311 0 118,566,052 112,638,311
Less Total Deductions 20,886,456 0 20,918,771 20,886,456
Total Taxable Value 91,751,855 0 97,647,281 91,751,855

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
95,501,916 91,751,855 95,501,916 91,751,855


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,750,061 0


T1 = School district taxable value for M & O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M & O purposes 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

Value Taxable For I & S Purposes

T7 T8 T9 T10
95,501,916 91,751,855 95,501,916 91,751,855

T7 = School district taxable value for I & S purposes before the loss to the additional $10, 000 homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the additional $10, 000 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

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

109-903-02/Covington ISD



Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES 20,337,670 0.9986 20,366,183 20,337,670
B. MULTIFAMILY RESIDENCES 203,350 N/A 203,350 203,350
C1. VACANT LOTS 553,000 N/A 553,000 553,000
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 2,961,510 1.0862 2,726,462 2,961,510
D2. REAL PROP:FARM & RANCH 3,548,260 N/A 3,548,260 3,548,260
E. REAL PROP NONQUAL ACREAGE 55,858,140 0.9408 59,373,023 55,858,140
F1. COMMERCIAL REAL 2,239,770 N/A 2,239,770 2,239,770
F2. INDUSTRIAL REAL 0 N/A 0 0
G. OIL,GAS,MINERALS 7,939,421 1.0149 7,822,860 7,939,421
J. UTILITIES 15,443,140 0.8495 18,179,094 15,443,140
L1. COMMERCIAL PERSONAL 721,250 N/A 721,250 721,250
L2. INDUSTRIAL PERSONAL 1,046,990 N/A 1,046,990 1,046,990
M. MOBILE HOMES 1,775,790 N/A 1,775,790 1,775,790
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 0 N/A 0 0
S. SPECIAL INVENTORY 10,020 N/A 10,020 10,020
Subtotal 112,638,311 118,566,052 112,638,311
Less Total Deductions 20,886,456 20,918,771 20,886,456
Total Taxable Value 91,751,855 97,647,281 91,751,855

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
95,501,916 91,751,855 95,501,916 91,751,855


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
3,750,061 0


T1 = School district taxable value for M & O purposes before the loss to the additional $10, 000 homestead exemption

T2 = School district taxable value for M & O purposes 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

Value Taxable For I & S Purposes

T7 T8 T9 T10
95,501,916 91,751,855 95,501,916 91,751,855

T7 = School district taxable value for I & S purposes before the loss to the additional $10, 000 homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the additional $10, 000 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