taxes Property Tax Assistance

2024 ISD Summary Worksheet

Levelland ISD (all splits)   Hockley County  

110-Hockley/Hockley County

110-902/Levelland ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 709,865,692 1.0274 690,934,098 709,865,692
B - MULTIFAMILY 13,695,893 N/A 13,695,893 13,695,893
C1 - VACANT LOTS 9,825,607 N/A 9,825,607 9,825,607
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 32,274,297 1.5660 20,609,807 32,274,297
D2 - FARM & RANCH IMP 2,209,600 N/A 2,209,600 2,209,600
E - NON-AG LAND AND IMPROVEMENTS 30,978,416 N/A 30,978,416 30,978,416
F1 - COMMERCIAL REAL 118,335,361 0.9304 127,187,619 118,335,361
F2 - INDUSTRIAL REAL 50,748,690 N/A 50,748,690 50,748,690
G - ALL MINERALS 636,518,084 1.0041 633,919,016 636,518,084
J - ALL UTILITIES 72,073,120 N/A 72,073,120 72,073,120
L1 - COMMERCIAL PERSONAL 115,877,560 1.0305 112,447,899 115,877,560
L2 - INDUSTRIAL PERSONAL 124,193,000 N/A 124,193,000 124,193,000
M1 - MOBILE HOMES 8,321,090 N/A 8,321,090 8,321,090
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 28,560 N/A 28,560 28,560
S - SPECIAL INVENTORY 8,494,820 N/A 8,494,820 8,494,820
Subtotal 1,933,439,790 0 1,905,667,235 1,933,439,790
Less Total Deductions 400,254,323 0 393,840,152 400,254,323
Total Taxable Value 1,533,185,467 0 1,511,827,083 1,533,185,467

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 1,677,518,835 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,533,185,467 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 1,677,518,835 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,533,185,467 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,730,453,835 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 1,765,743,835 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 1,588,969,598 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 1,677,518,835 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,533,185,467 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 1,677,518,835 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,533,185,467 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,730,453,835 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 1,765,743,835 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 1,588,969,598 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 144,333,368 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 52,935,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 35,290,000 Loss to the third most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED.


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110-902-02/Levelland ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 709,865,692 1.0274 690,934,098 709,865,692
B - MULTIFAMILY 13,695,893 N/A 13,695,893 13,695,893
C1 - VACANT LOTS 9,825,607 N/A 9,825,607 9,825,607
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 32,274,297 1.5660 20,609,807 32,274,297
D2 - FARM & RANCH IMP 2,209,600 N/A 2,209,600 2,209,600
E - NON-AG LAND AND IMPROVEMENTS 30,978,416 N/A 30,978,416 30,978,416
F1 - COMMERCIAL REAL 118,335,361 0.9304 127,187,619 118,335,361
F2 - INDUSTRIAL REAL 50,748,690 N/A 50,748,690 50,748,690
G - ALL MINERALS 636,518,084 1.0041 633,919,016 636,518,084
J - ALL UTILITIES 72,073,120 N/A 72,073,120 72,073,120
L1 - COMMERCIAL PERSONAL 115,877,560 1.0305 112,447,899 115,877,560
L2 - INDUSTRIAL PERSONAL 124,193,000 N/A 124,193,000 124,193,000
M1 - MOBILE HOMES 8,321,090 N/A 8,321,090 8,321,090
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 28,560 N/A 28,560 28,560
S - SPECIAL INVENTORY 8,494,820 N/A 8,494,820 8,494,820
Subtotal 1,933,439,790 1,905,667,235 1,933,439,790
Less Total Deductions 400,254,323 393,840,152 400,254,323
Total Taxable Value 1,533,185,467 1,511,827,083 1,533,185,467

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 1,677,518,835 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 1,533,185,467 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 1,677,518,835 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 1,533,185,467 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 1,730,453,835 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 1,765,743,835 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 1,588,969,598 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 1,677,518,835 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 1,533,185,467 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 1,677,518,835 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 1,533,185,467 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 1,730,453,835 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 1,765,743,835 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 1,588,969,598 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 144,333,368 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 52,935,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 35,290,000 Loss to the third most recent increase in the state-mandated homestead exemption

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