taxes Property Tax Assistance

2021 ISD Summary Worksheet

110-Hockley /Hockley County

110-902/Levelland ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 511,368,108 0.8301 616,031,934 511,368,108
B - MULTIFAMILY 11,627,610 N/A 11,627,610 11,627,610
C1 - VACANT LOTS 3,940,810 N/A 3,940,810 3,940,810
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 39,869,887 1.7995 22,156,006 39,869,887
D2 - FARM & RANCH IMP 1,651,989 N/A 1,651,989 1,651,989
E - NON-AG LAND AND IMPROVEMENTS 15,428,852 N/A 15,428,852 15,428,852
F1 - COMMERCIAL REAL 106,321,366 0.9952 106,834,170 106,321,366
F2 - INDUSTRIAL REAL 42,265,200 N/A 42,265,200 42,265,200
G - ALL MINERALS 336,141,280 0.9999 336,174,897 336,141,280
J - ALL UTILITIES 58,598,660 N/A 58,598,660 58,598,660
L1 - COMMERCIAL PERSONAL 80,688,990 1.0248 78,736,329 80,688,990
L2 - INDUSTRIAL PERSONAL 85,200,390 N/A 85,200,390 85,200,390
M1 - MOBILE HOMES 4,011,780 N/A 4,011,780 4,011,780
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 47,690 N/A 47,690 47,690
S - SPECIAL INVENTORY 6,906,520 N/A 6,906,520 6,906,520
Subtotal 1,304,069,132 0 1,389,612,837 1,304,069,132
Less Total Deductions 143,891,377 0 177,032,041 143,891,377
Total Taxable Value 1,160,177,755 0 1,212,580,796 1,160,177,755

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
1,190,190,261 1,160,177,755 1,190,190,261 1,160,177,755


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
30,012,506 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
1,190,190,261 1,160,177,755 1,190,190,261 1,160,177,755

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

110-902-02/Levelland ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 511,368,108 0.8301 616,031,934 511,368,108
B - MULTIFAMILY 11,627,610 N/A 11,627,610 11,627,610
C1 - VACANT LOTS 3,940,810 N/A 3,940,810 3,940,810
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 39,869,887 1.7995 22,156,006 39,869,887
D2 - FARM & RANCH IMP 1,651,989 N/A 1,651,989 1,651,989
E - NON-AG LAND AND IMPROVEMENTS 15,428,852 N/A 15,428,852 15,428,852
F1 - COMMERCIAL REAL 106,321,366 0.9952 106,834,170 106,321,366
F2 - INDUSTRIAL REAL 42,265,200 N/A 42,265,200 42,265,200
G - ALL MINERALS 336,141,280 0.9999 336,174,897 336,141,280
J - ALL UTILITIES 58,598,660 N/A 58,598,660 58,598,660
L1 - COMMERCIAL PERSONAL 80,688,990 1.0248 78,736,329 80,688,990
L2 - INDUSTRIAL PERSONAL 85,200,390 N/A 85,200,390 85,200,390
M1 - MOBILE HOMES 4,011,780 N/A 4,011,780 4,011,780
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 47,690 N/A 47,690 47,690
S - SPECIAL INVENTORY 6,906,520 N/A 6,906,520 6,906,520
Subtotal 1,304,069,132 1,389,612,837 1,304,069,132
Less Total Deductions 143,891,377 177,032,041 143,891,377
Total Taxable Value 1,160,177,755 1,212,580,796 1,160,177,755

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
1,190,190,261 1,160,177,755 1,190,190,261 1,160,177,755


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
30,012,506 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
1,190,190,261 1,160,177,755 1,190,190,261 1,160,177,755

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