taxes Property Tax Assistance

2022 ISD Summary Worksheet

201-Rusk/Rusk County

201-904/Leveretts Chapel ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	24,213,480	0.9084	26,655,086	24,213,480
B - MULTIFAMILY	149,130	N/A	149,130	149,130
C1 - VACANT LOTS	2,242,050	N/A	2,242,050	2,242,050
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	635,690	1.0790	589,135	635,690
D2 - FARM & RANCH IMP	222,470	N/A	222,470	222,470
E - NON-AG LAND AND IMPROVEMENTS	6,937,630	0.9286	7,471,064	6,937,630
F1 - COMMERCIAL REAL	0	N/A	0	0
F2 - INDUSTRIAL REAL	1,187,130	N/A	1,187,130	1,187,130
G - ALL MINERALS	8,485,940	1.0093	8,407,748	8,485,940
J - ALL UTILITIES	4,923,660	0.9473	5,197,572	4,923,660
L1 - COMMERCIAL PERSONAL	1,151,290	N/A	1,151,290	1,151,290
L2 - INDUSTRIAL PERSONAL	934,830	N/A	934,830	934,830
M1 - MOBILE HOMES	2,325,430	N/A	2,325,430	2,325,430
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	53,408,730	0	56,532,935	53,408,730
Less Total Deductions	10,601,370	0	11,408,064	10,601,370
Total Taxable Value	42,807,360	0	45,124,871	42,807,360

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
44,074,260	42,807,360	42,694,710	41,427,810	45,964,260

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
1,266,900	1,379,550	1,890,000

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
44,074,260	42,807,360	42,694,710	41,427,810	45,964,260

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

201-904-02/Leveretts Chapel ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	24,213,480	0.9084	26,655,086	24,213,480
B - MULTIFAMILY	149,130	N/A	149,130	149,130
C1 - VACANT LOTS	2,242,050	N/A	2,242,050	2,242,050
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	635,690	1.0790	589,135	635,690
D2 - FARM & RANCH IMP	222,470	N/A	222,470	222,470
E - NON-AG LAND AND IMPROVEMENTS	6,937,630	0.9286	7,471,064	6,937,630
F1 - COMMERCIAL REAL	0	N/A	0	0
F2 - INDUSTRIAL REAL	1,187,130	N/A	1,187,130	1,187,130
G - ALL MINERALS	8,485,940	1.0093	8,407,748	8,485,940
J - ALL UTILITIES	4,923,660	0.9473	5,197,572	4,923,660
L1 - COMMERCIAL PERSONAL	1,151,290	N/A	1,151,290	1,151,290
L2 - INDUSTRIAL PERSONAL	934,830	N/A	934,830	934,830
M1 - MOBILE HOMES	2,325,430	N/A	2,325,430	2,325,430
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	53,408,730		56,532,935	53,408,730
Less Total Deductions	10,601,370		11,408,064	10,601,370
Total Taxable Value	42,807,360		45,124,871	42,807,360

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
44,074,260	42,807,360	42,694,710	41,427,810	45,964,260

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
1,266,900	1,379,550	1,890,000

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
44,074,260	42,807,360	42,694,710	41,427,810	45,964,260

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