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ceiling reduction
2020 ISD Summary Worksheet
110-Hockley /Hockley County
110-902/Levelland ISD
| Category | Local Tax Roll Value | 2020 WTD Mean Ratio | 2020 PTAD Value Estimate | 2020 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 493,094,701 | N/A | 493,094,701 | 493,094,701 |
| B - MULTIFAMILY | 11,307,520 | N/A | 11,307,520 | 11,307,520 |
| C1 - VACANT LOTS | 3,888,530 | N/A | 3,888,530 | 3,888,530 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 40,483,544 | N/A | 40,483,544 | 40,483,544 |
| D2 - FARM & RANCH IMP | 1,650,319 | N/A | 1,650,319 | 1,650,319 |
| E - NON-AG LAND AND IMPROVEMENTS | 15,982,823 | N/A | 15,982,823 | 15,982,823 |
| F1 - COMMERCIAL REAL | 103,115,353 | N/A | 103,115,353 | 103,115,353 |
| F2 - INDUSTRIAL REAL | 44,419,140 | N/A | 44,419,140 | 44,419,140 |
| G - ALL MINERALS | 454,353,230 | N/A | 454,353,230 | 454,353,230 |
| J - ALL UTILITIES | 62,940,320 | N/A | 62,940,320 | 62,940,320 |
| L1 - COMMERCIAL PERSONAL | 85,033,700 | N/A | 85,033,700 | 85,033,700 |
| L2 - INDUSTRIAL PERSONAL | 87,552,680 | N/A | 87,552,680 | 87,552,680 |
| M1 - MOBILE HOMES | 3,894,440 | N/A | 3,894,440 | 3,894,440 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 52,480 | N/A | 52,480 | 52,480 |
| S - SPECIAL INVENTORY | 6,929,170 | N/A | 6,929,170 | 6,929,170 |
| Subtotal | 1,414,697,950 | 0 | 1,414,697,950 | 1,414,697,950 |
| Less Total Deductions | 142,414,170 | 0 | 142,414,170 | 142,414,170 |
| Total Taxable Value | 1,272,283,780 | 0 | 1,272,283,780 | 1,272,283,780 |
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 |
|---|---|---|---|
| 1,302,098,716 | 1,272,283,780 | 1,302,098,716 | 1,272,283,780 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 29,814,936 | 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 |
|---|---|---|---|
| 1,302,098,716 | 1,272,283,780 | 1,302,098,716 | 1,272,283,780 |
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 | 2020 WTD Mean Ratio | 2020 PTAD Value Estimate | 2020 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 493,094,701 | N/A | 493,094,701 | 493,094,701 |
| B - MULTIFAMILY | 11,307,520 | N/A | 11,307,520 | 11,307,520 |
| C1 - VACANT LOTS | 3,888,530 | N/A | 3,888,530 | 3,888,530 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 40,483,544 | N/A | 40,483,544 | 40,483,544 |
| D2 - FARM & RANCH IMP | 1,650,319 | N/A | 1,650,319 | 1,650,319 |
| E - NON-AG LAND AND IMPROVEMENTS | 15,982,823 | N/A | 15,982,823 | 15,982,823 |
| F1 - COMMERCIAL REAL | 103,115,353 | N/A | 103,115,353 | 103,115,353 |
| F2 - INDUSTRIAL REAL | 44,419,140 | N/A | 44,419,140 | 44,419,140 |
| G - ALL MINERALS | 454,353,230 | N/A | 454,353,230 | 454,353,230 |
| J - ALL UTILITIES | 62,940,320 | N/A | 62,940,320 | 62,940,320 |
| L1 - COMMERCIAL PERSONAL | 85,033,700 | N/A | 85,033,700 | 85,033,700 |
| L2 - INDUSTRIAL PERSONAL | 87,552,680 | N/A | 87,552,680 | 87,552,680 |
| M1 - MOBILE HOMES | 3,894,440 | N/A | 3,894,440 | 3,894,440 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 52,480 | N/A | 52,480 | 52,480 |
| S - SPECIAL INVENTORY | 6,929,170 | N/A | 6,929,170 | 6,929,170 |
| Subtotal | 1,414,697,950 | 1,414,697,950 | 1,414,697,950 | |
| Less Total Deductions | 142,414,170 | 142,414,170 | 142,414,170 | |
| Total Taxable Value | 1,272,283,780 | 1,272,283,780 | 1,272,283,780 |
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 |
|---|---|---|---|
| 1,302,098,716 | 1,272,283,780 | 1,302,098,716 | 1,272,283,780 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 29,814,936 | 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 |
|---|---|---|---|
| 1,302,098,716 | 1,272,283,780 | 1,302,098,716 | 1,272,283,780 |
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