taxes Property Tax Assistance

2017 ISD Summary Worksheet

110/Hockley

110-902/Levelland ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 458,553,461 .8934 513,267,809 458,553,461
B. Multi-Family Residences 10,668,680 N/A 10,668,680 10,668,680
C1. Vacant Lots 3,590,484 N/A 3,590,484 3,590,484
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 43,283,097 1.9122 22,635,820 43,283,097
D2. Real Prop Farm & Ranch 1,671,050 N/A 1,671,050 1,671,050
E. Real Prop NonQual Acres 11,694,564 N/A 11,694,564 11,694,564
F1. Commercial Real 89,249,056 .9882 90,314,770 89,249,056
F2. Industrial Real 40,671,580 N/A 40,671,580 40,671,580
G. Oil, Gas, Minerals 369,638,700 1.0200 362,390,882 369,638,700
J. Utilities 54,843,050 .7690 71,317,360 54,843,050
L1. Commercial Personal 60,776,290 1.0266 59,201,529 60,776,290
L2. Industrial Personal 93,265,140 N/A 93,265,140 93,265,140
M. Other Personal 4,604,140 N/A 4,604,140 4,604,140
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 97,050 N/A 97,050 97,050
S. Special Inventory 4,906,700 N/A 4,906,700 4,906,700
Subtotal 1,247,513,042 1,290,297,558 1,247,513,042
Less Total Deductions 144,987,189   161,992,690 144,987,189
Total Taxable Value 1,102,525,853 1,128,304,868 1,102,525,853 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
1,132,514,365 1,102,525,853 1,132,514,365 1,102,525,853


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
29,988,512 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
1,132,514,365 1,102,525,853 1,132,514,365 1,102,525,853

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