taxes Property Tax Assistance

2022 ISD Summary Worksheet

Leveretts Chapel ISD (all splits)   Rusk County  

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'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 44,074,260 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 42,807,360 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 42,694,710 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 41,427,810 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 45,964,260 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 44,074,260 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 42,807,360 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 42,694,710 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 41,427,810 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 45,964,260 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 1,266,900 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 1,379,550 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 1,890,000 Loss to the second most recent increase in the state-mandated homestead exemption

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


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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'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 44,074,260 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 42,807,360 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 42,694,710 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 41,427,810 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 45,964,260 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 44,074,260 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 42,807,360 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 42,694,710 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 41,427,810 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 45,964,260 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 1,266,900 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 1,379,550 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 1,890,000 Loss to the second most recent increase in the state-mandated homestead exemption

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