taxes Property Tax Assistance

2022 ISD Summary Worksheet

110-Hockley/Hockley County

110-902/Levelland ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	570,907,785	0.8695	656,593,197	570,907,785
B - MULTIFAMILY	12,070,240	N/A	12,070,240	12,070,240
C1 - VACANT LOTS	5,940,484	N/A	5,940,484	5,940,484
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	38,932,685	2.3856	16,319,693	38,932,685
D2 - FARM & RANCH IMP	1,894,880	N/A	1,894,880	1,894,880
E - NON-AG LAND AND IMPROVEMENTS	17,985,550	N/A	17,985,550	17,985,550
F1 - COMMERCIAL REAL	110,269,979	0.9403	117,271,061	110,269,979
F2 - INDUSTRIAL REAL	41,544,996	N/A	41,544,996	41,544,996
G - ALL MINERALS	639,794,720	0.9967	641,913,033	639,794,720
J - ALL UTILITIES	63,925,340	N/A	63,925,340	63,925,340
L1 - COMMERCIAL PERSONAL	115,684,210	1.0126	114,244,726	115,684,210
L2 - INDUSTRIAL PERSONAL	83,133,280	N/A	83,133,280	83,133,280
M1 - MOBILE HOMES	3,969,430	N/A	3,969,430	3,969,430
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	37,580	N/A	37,580	37,580
S - SPECIAL INVENTORY	6,517,590	N/A	6,517,590	6,517,590
Subtotal	1,712,608,749	0	1,783,361,080	1,712,608,749
Less Total Deductions	185,672,377	0	214,269,677	185,672,377
Total Taxable Value	1,526,936,372	0	1,569,091,403	1,526,936,372

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
1,565,929,130	1,526,936,372	1,565,929,130	1,526,936,372	1,600,439,130

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
38,992,758	0	34,510,000

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
1,565,929,130	1,526,936,372	1,565,929,130	1,526,936,372	1,600,439,130

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

110-902-02/Levelland ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	570,907,785	0.8695	656,593,197	570,907,785
B - MULTIFAMILY	12,070,240	N/A	12,070,240	12,070,240
C1 - VACANT LOTS	5,940,484	N/A	5,940,484	5,940,484
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	38,932,685	2.3856	16,319,693	38,932,685
D2 - FARM & RANCH IMP	1,894,880	N/A	1,894,880	1,894,880
E - NON-AG LAND AND IMPROVEMENTS	17,985,550	N/A	17,985,550	17,985,550
F1 - COMMERCIAL REAL	110,269,979	0.9403	117,271,061	110,269,979
F2 - INDUSTRIAL REAL	41,544,996	N/A	41,544,996	41,544,996
G - ALL MINERALS	639,794,720	0.9967	641,913,033	639,794,720
J - ALL UTILITIES	63,925,340	N/A	63,925,340	63,925,340
L1 - COMMERCIAL PERSONAL	115,684,210	1.0126	114,244,726	115,684,210
L2 - INDUSTRIAL PERSONAL	83,133,280	N/A	83,133,280	83,133,280
M1 - MOBILE HOMES	3,969,430	N/A	3,969,430	3,969,430
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	37,580	N/A	37,580	37,580
S - SPECIAL INVENTORY	6,517,590	N/A	6,517,590	6,517,590
Subtotal	1,712,608,749		1,783,361,080	1,712,608,749
Less Total Deductions	185,672,377		214,269,677	185,672,377
Total Taxable Value	1,526,936,372		1,569,091,403	1,526,936,372

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
1,565,929,130	1,526,936,372	1,565,929,130	1,526,936,372	1,600,439,130

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
38,992,758	0	34,510,000

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
1,565,929,130	1,526,936,372	1,565,929,130	1,526,936,372	1,600,439,130

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