taxes Property Tax Assistance

2023 ISD Summary Worksheet

Covington ISD (all splits)   Hill County  

109-Hill/Hill County

109-903/Covington ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 39,994,360 N/A 39,994,360 39,994,360
B - MULTIFAMILY 249,940 N/A 249,940 249,940
C1 - VACANT LOTS 1,644,910 N/A 1,644,910 1,644,910
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,918,420 N/A 2,918,420 2,918,420
D2 - FARM & RANCH IMP 6,372,500 N/A 6,372,500 6,372,500
E - NON-AG LAND AND IMPROVEMENTS 126,762,050 N/A 126,762,050 126,762,050
F1 - COMMERCIAL REAL 4,211,110 N/A 4,211,110 4,211,110
F2 - INDUSTRIAL REAL 315,030 N/A 315,030 315,030
G - ALL MINERALS 7,415,789 N/A 7,415,789 7,415,789
J - ALL UTILITIES 20,780,090 N/A 20,780,090 20,780,090
L1 - COMMERCIAL PERSONAL 1,042,870 N/A 1,042,870 1,042,870
L2 - INDUSTRIAL PERSONAL 1,257,770 N/A 1,257,770 1,257,770
M1 - MOBILE HOMES 3,162,660 N/A 3,162,660 3,162,660
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 216,127,499 0 216,127,499 216,127,499
Less Total Deductions 70,338,612 0 70,338,612 70,338,612
Total Taxable Value 145,788,887 0 145,788,887 145,788,887

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

Measure Value Description
T1 169,009,682 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 145,788,887 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 169,009,682 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 145,788,887 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 176,359,682 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 181,259,682 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 153,369,878 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 169,009,682 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 145,788,887 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 169,009,682 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 145,788,887 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 176,359,682 T13 plus the loss to the chapter 313 agreement
T16 181,259,682 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 153,369,878 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 23,220,795 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 7,350,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 4,900,000 Loss to Second Previous Homestead Increase

THE PVS 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 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 39,994,360 N/A 39,994,360 39,994,360
B - MULTIFAMILY 249,940 N/A 249,940 249,940
C1 - VACANT LOTS 1,644,910 N/A 1,644,910 1,644,910
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,918,420 N/A 2,918,420 2,918,420
D2 - FARM & RANCH IMP 6,372,500 N/A 6,372,500 6,372,500
E - NON-AG LAND AND IMPROVEMENTS 126,762,050 N/A 126,762,050 126,762,050
F1 - COMMERCIAL REAL 4,211,110 N/A 4,211,110 4,211,110
F2 - INDUSTRIAL REAL 315,030 N/A 315,030 315,030
G - ALL MINERALS 7,415,789 N/A 7,415,789 7,415,789
J - ALL UTILITIES 20,780,090 N/A 20,780,090 20,780,090
L1 - COMMERCIAL PERSONAL 1,042,870 N/A 1,042,870 1,042,870
L2 - INDUSTRIAL PERSONAL 1,257,770 N/A 1,257,770 1,257,770
M1 - MOBILE HOMES 3,162,660 N/A 3,162,660 3,162,660
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 216,127,499 216,127,499 216,127,499
Less Total Deductions 70,338,612 70,338,612 70,338,612
Total Taxable Value 145,788,887 145,788,887 145,788,887

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

Measure Value Description
T1 169,009,682 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 145,788,887 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 169,009,682 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 145,788,887 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 176,359,682 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 181,259,682 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 153,369,878 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 169,009,682 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 145,788,887 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 169,009,682 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 145,788,887 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 176,359,682 T13 plus the loss to the chapter 313 agreement
T16 181,259,682 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 153,369,878 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 23,220,795 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 7,350,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 4,900,000 Loss to Second Previous Homestead Increase

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