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