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ceiling reduction
2019 ISD Summary Worksheet
109-Hill
109-903/Covington ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 22,943,190 | N/A | 22,943,190 | 22,943,190 |
| B. MULTIFAMILY RESIDENCES | 213,140 | N/A | 213,140 | 213,140 |
| C1. VACANT LOTS | 585,120 | N/A | 585,120 | 585,120 |
| D1. QUALIFIED AG LAND | 3,036,850 | N/A | 3,036,850 | 3,036,850 |
| D2. REAL PROP:FARM & RANCH | 4,632,190 | N/A | 4,632,190 | 4,632,190 |
| E. REAL PROP NONQUAL ACREAGE | 60,878,750 | N/A | 60,878,750 | 60,878,750 |
| F1. COMMERCIAL REAL | 2,402,960 | N/A | 2,402,960 | 2,402,960 |
| G. OIL,GAS,MINERALS | 5,440,710 | N/A | 5,440,710 | 5,440,710 |
| J. UTILITIES | 15,928,990 | N/A | 15,928,990 | 15,928,990 |
| L1. COMMERCIAL PERSONAL | 801,110 | N/A | 801,110 | 801,110 |
| L2. INDUSTRIAL PERSONAL | 1,431,440 | N/A | 1,431,440 | 1,431,440 |
| M. MOBILE HOMES | 1,844,360 | N/A | 1,844,360 | 1,844,360 |
| Subtotal | 120,138,810 | 0 | 120,138,810 | 120,138,810 |
| Less Total Deductions | 23,311,100 | 0 | 23,311,100 | 23,311,100 |
| Total Taxable Value | 96,827,710 | 0 | 96,827,710 | 96,827,710 |
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 |
|---|---|---|---|
| 100,881,731 | 96,827,710 | 100,881,731 | 96,827,710 |
| Loss To the Additional $10,000 Homestead Exemption |
50% of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 4,054,021 | 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 |
|---|---|---|---|
| 100,881,731 | 96,827,710 | 100,881,731 | 96,827,710 |
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
109-903-02/Covington ISD
| Category | Local Tax Roll Value | 2019 WTD Mean Ratio | 2019 PTAD Value Estimate | 2019 Value Assigned |
|---|---|---|---|---|
| A. SINGLE-FAMILY RESIDENCES | 22,943,190 | N/A | 22,943,190 | 22,943,190 |
| B. MULTIFAMILY RESIDENCES | 213,140 | N/A | 213,140 | 213,140 |
| C1. VACANT LOTS | 585,120 | N/A | 585,120 | 585,120 |
| D1. QUALIFIED AG LAND | 3,036,850 | N/A | 3,036,850 | 3,036,850 |
| D2. REAL PROP:FARM & RANCH | 4,632,190 | N/A | 4,632,190 | 4,632,190 |
| E. REAL PROP NONQUAL ACREAGE | 60,878,750 | N/A | 60,878,750 | 60,878,750 |
| F1. COMMERCIAL REAL | 2,402,960 | N/A | 2,402,960 | 2,402,960 |
| G. OIL,GAS,MINERALS | 5,440,710 | N/A | 5,440,710 | 5,440,710 |
| J. UTILITIES | 15,928,990 | N/A | 15,928,990 | 15,928,990 |
| L1. COMMERCIAL PERSONAL | 801,110 | N/A | 801,110 | 801,110 |
| L2. INDUSTRIAL PERSONAL | 1,431,440 | N/A | 1,431,440 | 1,431,440 |
| M. MOBILE HOMES | 1,844,360 | N/A | 1,844,360 | 1,844,360 |
| Subtotal | 120,138,810 | 120,138,810 | 120,138,810 | |
| Less Total Deductions | 23,311,100 | 23,311,100 | 23,311,100 | |
| Total Taxable Value | 96,827,710 | 96,827,710 | 96,827,710 |
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 |
|---|---|---|---|
| 100,881,731 | 96,827,710 | 100,881,731 | 96,827,710 |
| Loss To the Additional $10,000 Homestead Exemption |
50 % of the loss to the Local Optional Percentage Homestead Exemption |
|---|---|
| 4,054,021 | 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 |
|---|---|---|---|
| 100,881,731 | 96,827,710 | 100,881,731 | 96,827,710 |
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 taxceiling 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