taxes Property Tax Assistance

2021 ISD Summary Worksheet

Covington ISD (all splits)   Hill County  

109-Hill/Hill County

109-903/Covington ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 27,535,930 0.9600 28,683,260 27,535,930
B - MULTIFAMILY 216,590 N/A 216,590 216,590
C1 - VACANT LOTS 852,180 N/A 852,180 852,180
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,075,530 1.5486 1,986,001 3,075,530
D2 - FARM & RANCH IMP 5,231,480 N/A 5,231,480 5,231,480
E - NON-AG LAND AND IMPROVEMENTS 77,999,060 0.9712 80,312,047 77,999,060
F1 - COMMERCIAL REAL 3,432,780 N/A 3,432,780 3,432,780
F2 - INDUSTRIAL REAL 38,310 N/A 38,310 38,310
G - ALL MINERALS 1,504,758 N/A 1,504,758 1,504,758
J - ALL UTILITIES 16,125,610 0.8651 18,640,169 16,125,610
L1 - COMMERCIAL PERSONAL 1,176,700 N/A 1,176,700 1,176,700
L2 - INDUSTRIAL PERSONAL 674,930 N/A 674,930 674,930
M1 - MOBILE HOMES 1,886,230 N/A 1,886,230 1,886,230
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 139,750,088 0 144,635,435 139,750,088
Less Total Deductions 24,666,185 0 25,888,730 24,666,185
Total Taxable Value 115,083,903 0 118,746,705 115,083,903

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's office 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 school 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

Measure Value Description
T1 119,132,477 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 115,083,903 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 119,132,477 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 115,083,903 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 119,132,477 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 115,083,903 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 119,132,477 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 115,083,903 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 4,048,574 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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


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109-903-02/Covington ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 27,535,930 0.9600 28,683,260 27,535,930
B - MULTIFAMILY 216,590 N/A 216,590 216,590
C1 - VACANT LOTS 852,180 N/A 852,180 852,180
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,075,530 1.5486 1,986,001 3,075,530
D2 - FARM & RANCH IMP 5,231,480 N/A 5,231,480 5,231,480
E - NON-AG LAND AND IMPROVEMENTS 77,999,060 0.9712 80,312,047 77,999,060
F1 - COMMERCIAL REAL 3,432,780 N/A 3,432,780 3,432,780
F2 - INDUSTRIAL REAL 38,310 N/A 38,310 38,310
G - ALL MINERALS 1,504,758 N/A 1,504,758 1,504,758
J - ALL UTILITIES 16,125,610 0.8651 18,640,169 16,125,610
L1 - COMMERCIAL PERSONAL 1,176,700 N/A 1,176,700 1,176,700
L2 - INDUSTRIAL PERSONAL 674,930 N/A 674,930 674,930
M1 - MOBILE HOMES 1,886,230 N/A 1,886,230 1,886,230
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 139,750,088 144,635,435 139,750,088
Less Total Deductions 24,666,185 25,888,730 24,666,185
Total Taxable Value 115,083,903 118,746,705 115,083,903

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's office 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 school 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

Measure Value Description
T1 119,132,477 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 115,083,903 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 119,132,477 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 115,083,903 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 119,132,477 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 115,083,903 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 119,132,477 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 115,083,903 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 4,048,574 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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