taxes Property Tax Assistance

2020 ISD Summary Worksheet

109-Hill /Hill County

109-903/Covington ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	23,987,980	0.9429	25,440,641	23,987,980
B - MULTIFAMILY	213,840	N/A	213,840	213,840
C1 - VACANT LOTS	582,830	N/A	582,830	582,830
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,082,480	1.4625	2,107,657	3,082,480
D2 - FARM & RANCH IMP	4,551,050	N/A	4,551,050	4,551,050
E - NON-AG LAND AND IMPROVEMENTS	64,111,520	0.8272	77,504,255	64,111,520
F1 - COMMERCIAL REAL	3,149,100	N/A	3,149,100	3,149,100
F2 - INDUSTRIAL REAL	36,640	N/A	36,640	36,640
G - ALL MINERALS	1,849,984	N/A	1,849,984	1,849,984
J - ALL UTILITIES	15,084,040	0.8346	18,073,376	15,084,040
L1 - COMMERCIAL PERSONAL	1,096,860	N/A	1,096,860	1,096,860
L2 - INDUSTRIAL PERSONAL	918,290	N/A	918,290	918,290
M1 - MOBILE HOMES	1,778,700	N/A	1,778,700	1,778,700
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	120,443,314	0	137,303,223	120,443,314
Less Total Deductions	21,595,864	0	23,122,554	21,595,864
Total Taxable Value	98,847,450	0	114,180,669	98,847,450

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
102,898,322	98,847,450	102,898,322	98,847,450

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
4,050,872	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
102,898,322	98,847,450	102,898,322	98,847,450

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

109-903-02/Covington ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	23,987,980	0.9429	25,440,641	23,987,980
B - MULTIFAMILY	213,840	N/A	213,840	213,840
C1 - VACANT LOTS	582,830	N/A	582,830	582,830
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,082,480	1.4625	2,107,657	3,082,480
D2 - FARM & RANCH IMP	4,551,050	N/A	4,551,050	4,551,050
E - NON-AG LAND AND IMPROVEMENTS	64,111,520	0.8272	77,504,255	64,111,520
F1 - COMMERCIAL REAL	3,149,100	N/A	3,149,100	3,149,100
F2 - INDUSTRIAL REAL	36,640	N/A	36,640	36,640
G - ALL MINERALS	1,849,984	N/A	1,849,984	1,849,984
J - ALL UTILITIES	15,084,040	0.8346	18,073,376	15,084,040
L1 - COMMERCIAL PERSONAL	1,096,860	N/A	1,096,860	1,096,860
L2 - INDUSTRIAL PERSONAL	918,290	N/A	918,290	918,290
M1 - MOBILE HOMES	1,778,700	N/A	1,778,700	1,778,700
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	120,443,314		137,303,223	120,443,314
Less Total Deductions	21,595,864		23,122,554	21,595,864
Total Taxable Value	98,847,450		114,180,669	98,847,450

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
102,898,322	98,847,450	102,898,322	98,847,450

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
4,050,872	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
102,898,322	98,847,450	102,898,322	98,847,450

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