taxes Property Tax Assistance

2022 ISD Summary Worksheet

Covington ISD (all splits)   Hill County  

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'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 143,518,328 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 137,538,266 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 143,518,328 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 137,538,266 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 148,298,328 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 143,518,328 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 137,538,266 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 143,518,328 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 137,538,266 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 148,298,328 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 5,980,062 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
LOSS_PREV_INCR_HMSTD 4,780,000 Loss to the second most recent increase in the state-mandated 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 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'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 143,518,328 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 137,538,266 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 143,518,328 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 137,538,266 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 148,298,328 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 143,518,328 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 137,538,266 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 143,518,328 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 137,538,266 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 148,298,328 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 5,980,062 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
LOSS_PREV_INCR_HMSTD 4,780,000 Loss to the second most recent increase in the state-mandated homestead exemption

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