taxes Property Tax Assistance

2020 ISD Summary Worksheet

109-Hill

109-903/Covington ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 23,995,280 0.9429 25,448,383 23,995,280
B - MULTIFAMILY 213,840 N/A 213,840 213,840
C1 - VACANT LOTS 599,570 N/A 599,570 599,570
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,080,880 1.4627 2,106,320 3,080,880
D2 - FARM & RANCH IMP 4,551,050 N/A 4,551,050 4,551,050
E - NON-AG LAND AND IMPROVEMENTS 64,132,150 0.8272 77,529,195 64,132,150
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 1,800,440 N/A 1,800,440 1,800,440
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 120,508,124 0 137,373,048 120,508,124
Less Total Deductions 21,486,281 0 23,012,971 21,486,281
Total Taxable Value 99,021,843 0 114,360,077 99,021,843

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
103,032,145 99,021,843 103,032,145 99,021,843


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
4,010,302 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
103,032,145 99,021,843 103,032,145 99,021,843

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 23,995,280 0.9429 25,448,383 23,995,280
B - MULTIFAMILY 213,840 N/A 213,840 213,840
C1 - VACANT LOTS 599,570 N/A 599,570 599,570
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,080,880 1.4627 2,106,320 3,080,880
D2 - FARM & RANCH IMP 4,551,050 N/A 4,551,050 4,551,050
E - NON-AG LAND AND IMPROVEMENTS 64,132,150 0.8272 77,529,195 64,132,150
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 1,800,440 N/A 1,800,440 1,800,440
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 120,508,124 137,373,048 120,508,124
Less Total Deductions 21,486,281 23,012,971 21,486,281
Total Taxable Value 99,021,843 114,360,077 99,021,843

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
103,032,145 99,021,843 103,032,145 99,021,843


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
4,010,302 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
103,032,145 99,021,843 103,032,145 99,021,843

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