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ceiling reduction
2019 ISD Summary Worksheet
110-Hockley
110-902/Levelland ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 488,979,892 | 0.9070 | 539,117,852 | 488,979,892 |
| B. MULTIFAMILY RESIDENCES | 11,038,170 | N/A | 11,038,170 | 11,038,170 |
| C1. VACANT LOTS | 3,836,870 | N/A | 3,836,870 | 3,836,870 |
| D1. QUALIFIED AG LAND | 42,439,484 | 1.6521 | 25,688,767 | 42,439,484 |
| D2. REAL PROP:FARM & RANCH | 1,675,971 | N/A | 1,675,971 | 1,675,971 |
| E. REAL PROP NONQUAL ACREAGE | 13,796,188 | N/A | 13,796,188 | 13,796,188 |
| F1. COMMERCIAL REAL | 96,612,918 | 0.9800 | 98,584,610 | 96,612,918 |
| F2. INDUSTRIAL REAL | 37,471,092 | N/A | 37,471,092 | 37,471,092 |
| G. OIL,GAS,MINERALS | 471,427,400 | 0.9851 | 478,557,913 | 471,427,400 |
| J. UTILITIES | 60,466,720 | N/A | 60,466,720 | 60,466,720 |
| L1. COMMERCIAL PERSONAL | 75,103,060 | 1.0431 | 71,999,866 | 75,103,060 |
| L2. INDUSTRIAL PERSONAL | 98,417,390 | N/A | 98,417,390 | 98,417,390 |
| M. MOBILE HOMES | 3,831,140 | N/A | 3,831,140 | 3,831,140 |
| O. RESIDENTIAL INVENTORY | 89,970 | N/A | 89,970 | 89,970 |
| S. SPECIAL INVENTORY | 5,939,570 | N/A | 5,939,570 | 5,939,570 |
| Subtotal | 1,411,125,835 | 0 | 1,450,512,089 | 1,411,125,835 |
| Less Total Deductions | 147,019,510 | 0 | 162,647,271 | 147,019,510 |
| Total Taxable Value | 1,264,106,325 | 0 | 1,287,864,818 | 1,264,106,325 |
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 |
|---|---|---|---|
| 1,294,640,501 | 1,264,106,325 | 1,294,640,501 | 1,264,106,325 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 30,534,176 | 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 |
|---|---|---|---|
| 1,294,640,501 | 1,264,106,325 | 1,294,640,501 | 1,264,106,325 |
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
110-902-02/Levelland ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 488,979,892 | 0.9070 | 539,117,852 | 488,979,892 |
| B. MULTIFAMILY RESIDENCES | 11,038,170 | N/A | 11,038,170 | 11,038,170 |
| C1. VACANT LOTS | 3,836,870 | N/A | 3,836,870 | 3,836,870 |
| D1. QUALIFIED AG LAND | 42,439,484 | 1.6521 | 25,688,767 | 42,439,484 |
| D2. REAL PROP:FARM & RANCH | 1,675,971 | N/A | 1,675,971 | 1,675,971 |
| E. REAL PROP NONQUAL ACREAGE | 13,796,188 | N/A | 13,796,188 | 13,796,188 |
| F1. COMMERCIAL REAL | 96,612,918 | 0.9800 | 98,584,610 | 96,612,918 |
| F2. INDUSTRIAL REAL | 37,471,092 | N/A | 37,471,092 | 37,471,092 |
| G. OIL,GAS,MINERALS | 471,427,400 | 0.9851 | 478,557,913 | 471,427,400 |
| J. UTILITIES | 60,466,720 | N/A | 60,466,720 | 60,466,720 |
| L1. COMMERCIAL PERSONAL | 75,103,060 | 1.0431 | 71,999,866 | 75,103,060 |
| L2. INDUSTRIAL PERSONAL | 98,417,390 | N/A | 98,417,390 | 98,417,390 |
| M. MOBILE HOMES | 3,831,140 | N/A | 3,831,140 | 3,831,140 |
| O. RESIDENTIAL INVENTORY | 89,970 | N/A | 89,970 | 89,970 |
| S. SPECIAL INVENTORY | 5,939,570 | N/A | 5,939,570 | 5,939,570 |
| Subtotal | 1,411,125,835 | 1,450,512,089 | 1,411,125,835 | |
| Less Total Deductions | 147,019,510 | 162,647,271 | 147,019,510 | |
| Total Taxable Value | 1,264,106,325 | 1,287,864,818 | 1,264,106,325 |
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 |
|---|---|---|---|
| 1,294,640,501 | 1,264,106,325 | 1,294,640,501 | 1,264,106,325 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 30,534,176 | 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 |
|---|---|---|---|
| 1,294,640,501 | 1,264,106,325 | 1,294,640,501 | 1,264,106,325 |
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 taxceiling 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