taxes Property Tax Assistance

2016 ISD Summary Worksheet

110/Hockley

110-902/Levelland ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 440,421,063 N/A 440,421,063 440,421,063
B. Multi-Family Residences 10,307,370 N/A 10,307,370 10,307,370
C1. Vacant Lots 3,580,173 N/A 3,580,173 3,580,173
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 50,685,409 N/A 50,685,409 50,685,409
D2. Real Prop Farm & Ranch 1,506,867 N/A 1,506,867 1,506,867
E. Real Prop NonQual Acres 10,351,500 N/A 10,351,500 10,351,500
F1. Commercial Real 84,921,934 N/A 84,921,934 84,921,934
F2. Industrial Real 40,505,560 N/A 40,505,560 40,505,560
G. Oil, Gas, Minerals 307,626,180 N/A 307,626,180 307,626,180
J. Utilities 61,176,690 N/A 61,176,690 61,176,690
L1. Commercial Personal 64,097,420 N/A 64,097,420 64,097,420
L2. Industrial Personal 101,150,570 N/A 101,150,570 101,150,570
M. Other Personal 4,426,570 N/A 4,426,570 4,426,570
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 97,050 N/A 97,050 97,050
S. Special Inventory 4,935,750 N/A 4,935,750 4,935,750
Subtotal 1,185,790,106 1,185,790,106 1,185,790,106
Less Total Deductions 142,552,659   142,552,659 142,552,659
Total Taxable Value 1,043,237,447 1,043,237,447 1,043,237,447 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
1,073,143,926 1,043,237,447 1,073,143,926 1,043,237,447


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
29,906,479 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
1,073,143,926 1,043,237,447 1,073,143,926 1,043,237,447

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