taxes Property Tax Assistance

2022 ISD Summary Worksheet

109-Hill/Hill County

109-903/Covington ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 36,344,040 0.9446 38,475,588 36,344,040
B - MULTIFAMILY 244,590 N/A 244,590 244,590
C1 - VACANT LOTS 1,139,160 N/A 1,139,160 1,139,160
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,919,900 1.3984 2,088,070 2,919,900
D2 - FARM & RANCH IMP 6,103,720 N/A 6,103,720 6,103,720
E - NON-AG LAND AND IMPROVEMENTS 104,178,880 0.9030 115,369,745 104,178,880
F1 - COMMERCIAL REAL 4,039,770 N/A 4,039,770 4,039,770
F2 - INDUSTRIAL REAL 222,880 N/A 222,880 222,880
G - ALL MINERALS 3,479,297 N/A 3,479,297 3,479,297
J - ALL UTILITIES 17,690,990 0.8142 21,728,064 17,690,990
L1 - COMMERCIAL PERSONAL 1,036,890 N/A 1,036,890 1,036,890
L2 - INDUSTRIAL PERSONAL 657,390 N/A 657,390 657,390
M1 - MOBILE HOMES 2,918,270 N/A 2,918,270 2,918,270
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 180,975,777 0 197,503,434 180,975,777
Less Total Deductions 43,437,511 0 46,094,748 43,437,511
Total Taxable Value 137,538,266 0 151,408,686 137,538,266

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
143,518,328 137,538,266 143,518,328 137,538,266 148,298,328


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
5,980,062 0 4,780,000


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
143,518,328 137,538,266 143,518,328 137,538,266 148,298,328

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

109-903-02/Covington ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 36,344,040 0.9446 38,475,588 36,344,040
B - MULTIFAMILY 244,590 N/A 244,590 244,590
C1 - VACANT LOTS 1,139,160 N/A 1,139,160 1,139,160
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,919,900 1.3984 2,088,070 2,919,900
D2 - FARM & RANCH IMP 6,103,720 N/A 6,103,720 6,103,720
E - NON-AG LAND AND IMPROVEMENTS 104,178,880 0.9030 115,369,745 104,178,880
F1 - COMMERCIAL REAL 4,039,770 N/A 4,039,770 4,039,770
F2 - INDUSTRIAL REAL 222,880 N/A 222,880 222,880
G - ALL MINERALS 3,479,297 N/A 3,479,297 3,479,297
J - ALL UTILITIES 17,690,990 0.8142 21,728,064 17,690,990
L1 - COMMERCIAL PERSONAL 1,036,890 N/A 1,036,890 1,036,890
L2 - INDUSTRIAL PERSONAL 657,390 N/A 657,390 657,390
M1 - MOBILE HOMES 2,918,270 N/A 2,918,270 2,918,270
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 180,975,777 197,503,434 180,975,777
Less Total Deductions 43,437,511 46,094,748 43,437,511
Total Taxable Value 137,538,266 151,408,686 137,538,266

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
143,518,328 137,538,266 143,518,328 137,538,266 148,298,328


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
5,980,062 0 4,780,000


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
143,518,328 137,538,266 143,518,328 137,538,266 148,298,328

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