taxes Property Tax Assistance

2022 ISD Summary Worksheet

109-Hill/Hill County

109-901/Abbott ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 37,564,900 0.9818 38,261,255 37,564,900
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 929,510 N/A 929,510 929,510
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 8,350,639 1.3049 6,399,256 8,350,639
D2 - FARM & RANCH IMP 4,472,200 N/A 4,472,200 4,472,200
E - NON-AG LAND AND IMPROVEMENTS 64,204,410 0.9163 70,069,202 64,204,410
F1 - COMMERCIAL REAL 7,837,220 N/A 7,837,220 7,837,220
F2 - INDUSTRIAL REAL 24,044,990 N/A 24,044,990 24,044,990
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 11,301,500 0.9068 12,463,057 11,301,500
L1 - COMMERCIAL PERSONAL 11,394,070 N/A 11,394,070 11,394,070
L2 - INDUSTRIAL PERSONAL 37,862,830 N/A 37,862,830 37,862,830
M1 - MOBILE HOMES 643,670 N/A 643,670 643,670
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 208,605,939 0 214,377,260 208,605,939
Less Total Deductions 28,540,785 0 29,022,942 28,540,785
Total Taxable Value 180,065,154 0 185,354,318 180,065,154

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 T13
184,629,122 180,065,154 184,629,122 180,065,154 188,339,122


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
4,563,968 0 3,710,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
186,953,122 182,389,154 186,953,122 182,389,154 190,663,122

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

109-901-02/Abbott ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 37,564,900 0.9818 38,261,255 37,564,900
B - MULTIFAMILY 0 N/A 0 0
C1 - VACANT LOTS 929,510 N/A 929,510 929,510
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 8,350,639 1.3049 6,399,256 8,350,639
D2 - FARM & RANCH IMP 4,472,200 N/A 4,472,200 4,472,200
E - NON-AG LAND AND IMPROVEMENTS 64,204,410 0.9163 70,069,202 64,204,410
F1 - COMMERCIAL REAL 7,837,220 N/A 7,837,220 7,837,220
F2 - INDUSTRIAL REAL 24,044,990 N/A 24,044,990 24,044,990
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 11,301,500 0.9068 12,463,057 11,301,500
L1 - COMMERCIAL PERSONAL 11,394,070 N/A 11,394,070 11,394,070
L2 - INDUSTRIAL PERSONAL 37,862,830 N/A 37,862,830 37,862,830
M1 - MOBILE HOMES 643,670 N/A 643,670 643,670
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 208,605,939 214,377,260 208,605,939
Less Total Deductions 28,540,785 29,022,942 28,540,785
Total Taxable Value 180,065,154 185,354,318 180,065,154

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 T13
184,629,122 180,065,154 184,629,122 180,065,154 188,339,122


Loss to the
Increase in the
State-Mandated Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
Loss to the
Previous Increase in the
State-Mandated Homestead
Exemption
4,563,968 0 3,710,000


T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7 T8 T9 T10 T14
186,953,122 182,389,154 186,953,122 182,389,154 190,663,122

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement