taxes Property Tax Assistance

2025 ISD Summary Worksheet

Covington ISD (all splits)   Hill County  

109-Hill/Hill County

109-903/Covington ISD

Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 46,256,270 N/A 46,256,270 46,256,270
B - MULTIFAMILY 476,800 N/A 476,800 476,800
C1 - VACANT LOTS 2,452,290 N/A 2,452,290 2,452,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,891,630 N/A 2,891,630 2,891,630
D2 - FARM & RANCH IMP 9,323,030 N/A 9,323,030 9,323,030
E - NON-AG LAND AND IMPROVEMENTS 148,448,690 N/A 148,448,690 148,448,690
F1 - COMMERCIAL REAL 6,132,365 N/A 6,132,365 6,132,365
F2 - INDUSTRIAL REAL 3,494,390 N/A 3,494,390 3,494,390
G - ALL MINERALS 509,380 N/A 509,380 509,380
J - ALL UTILITIES 21,978,960 N/A 21,978,960 21,978,960
L1 - COMMERCIAL PERSONAL 1,298,810 N/A 1,298,810 1,298,810
L2 - INDUSTRIAL PERSONAL 675,940 N/A 675,940 675,940
M1 - MOBILE HOMES 3,636,420 N/A 3,636,420 3,636,420
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 247,574,975 0 247,574,975 247,574,975
Less Total Deductions 97,236,310 0 97,236,310 97,236,310
Total Taxable Value 150,338,665 0 150,338,665 150,338,665

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 166,165,094 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 150,338,665 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 166,165,094 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 150,338,665 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 194,507,429 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 202,279,695 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 158,841,009 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
T19 207,544,380 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 157,071,072 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 166,165,094 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 150,338,665 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 166,165,094 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 150,338,665 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 194,507,429 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 202,279,695 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 158,841,009 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
T20 207,544,380 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 157,071,072 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 15,826,429 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 28,342,335 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 7,772,266 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 5,264,685 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 6,732,407 Loss to the increase in the Over-65/Disabled Homestead

THE SDPVS 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 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 46,256,270 N/A 46,256,270 46,256,270
B - MULTIFAMILY 476,800 N/A 476,800 476,800
C1 - VACANT LOTS 2,452,290 N/A 2,452,290 2,452,290
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 2,891,630 N/A 2,891,630 2,891,630
D2 - FARM & RANCH IMP 9,323,030 N/A 9,323,030 9,323,030
E - NON-AG LAND AND IMPROVEMENTS 148,448,690 N/A 148,448,690 148,448,690
F1 - COMMERCIAL REAL 6,132,365 N/A 6,132,365 6,132,365
F2 - INDUSTRIAL REAL 3,494,390 N/A 3,494,390 3,494,390
G - ALL MINERALS 509,380 N/A 509,380 509,380
J - ALL UTILITIES 21,978,960 N/A 21,978,960 21,978,960
L1 - COMMERCIAL PERSONAL 1,298,810 N/A 1,298,810 1,298,810
L2 - INDUSTRIAL PERSONAL 675,940 N/A 675,940 675,940
M1 - MOBILE HOMES 3,636,420 N/A 3,636,420 3,636,420
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 247,574,975 247,574,975 247,574,975
Less Total Deductions 97,236,310 97,236,310 97,236,310
Total Taxable Value 150,338,665 150,338,665 150,338,665

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 166,165,094 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 150,338,665 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 166,165,094 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 150,338,665 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 194,507,429 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 202,279,695 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 158,841,009 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
T19 207,544,380 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 157,071,072 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 166,165,094 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 150,338,665 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 166,165,094 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 150,338,665 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 194,507,429 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 202,279,695 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 158,841,009 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
T20 207,544,380 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 157,071,072 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 15,826,429 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 28,342,335 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 7,772,266 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 5,264,685 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 6,732,407 Loss to the increase in the Over-65/Disabled Homestead

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