taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

110/Hockley

110-902/Levelland ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 424,751,812 .9130 465,226,519 424,751,812
B. Multi-Family Residences 10,455,243 N/A 10,455,243 10,455,243
C1. Vacant Lots 3,628,490 N/A 3,628,490 3,628,490
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 49,921,639 1.6697 29,898,599 49,921,639
D2. Real Prop Farm & Ranch 1,455,467 N/A 1,455,467 1,455,467
E. Real Prop NonQual Acres 10,368,629 N/A 10,368,629 10,368,629
F1. Commercial Real 83,136,912 N/A 83,136,912 83,136,912
F2. Industrial Real 36,327,330 N/A 36,327,330 36,327,330
G. Oil, Gas, Minerals 702,740,530 1.0250 685,600,517 702,740,530
J. Utilities 55,848,800 N/A 55,848,800 55,848,800
L1. Commercial Personal 70,286,700 N/A 70,286,700 70,286,700
L2. Industrial Personal 146,552,720 N/A 146,552,720 146,552,720
M. Other Personal 4,231,550 N/A 4,231,550 4,231,550
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 97,050 N/A 97,050 97,050
S. Special Inventory 3,335,040 N/A 3,335,040 3,335,040
Subtotal 1,603,137,912 1,606,449,566 1,603,137,912
Less Total Deductions 132,650,057   144,881,800 132,650,057
Total Taxable Value 1,470,487,855 1,461,567,766 1,470,487,855 T2

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
1,500,081,574 1,470,487,855 1,500,081,574 1,470,487,855


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
29,593,719 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
1,500,081,574 1,470,487,855 1,500,081,574 1,470,487,855

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 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

The PVS found your local value to be valid, and local value was certified