taxes Property Tax Assistance

2016 ISD Summary Worksheet

109/Hill

109-903/Covington ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 18,765,450 .9438 19,882,867 18,765,450
B. Multi-Family Residences 249,710 N/A 249,710 249,710
C1. Vacant Lots 569,550 N/A 569,550 569,550
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,797,860 .8367 3,343,949 2,797,860
D2. Real Prop Farm & Ranch 3,038,020 N/A 3,038,020 3,038,020
E. Real Prop NonQual Acres 44,546,180 .9856 45,197,017 44,546,180
F1. Commercial Real 1,998,871 N/A 1,998,871 1,998,871
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 5,263,397 .9874 5,330,562 5,263,397
J. Utilities 13,946,260 .8619 16,180,833 13,946,260
L1. Commercial Personal 782,730 N/A 782,730 782,730
L2. Industrial Personal 1,079,950 N/A 1,079,950 1,079,950
M. Other Personal 1,138,140 N/A 1,138,140 1,138,140
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 16,700 N/A 16,700 16,700
Subtotal 94,192,818 98,808,899 94,192,818
Less Total Deductions 17,452,835   18,557,166 17,452,835
Total Taxable Value 76,739,983 80,251,733 76,739,983 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
80,296,688 76,739,983 80,296,688 76,739,983


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
3,556,705 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
80,296,688 76,739,983 80,296,688 76,739,983

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