taxes Property Tax Assistance

2022 ISD Summary Worksheet

109-Hill /Hill County

109-904/Hillsboro ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	340,867,460	0.9376	363,553,178	340,867,460
B - MULTIFAMILY	13,219,120	N/A	13,219,120	13,219,120
C1 - VACANT LOTS	11,210,200	N/A	11,210,200	11,210,200
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	10,264,024	1.3460	7,625,315	10,264,024
D2 - FARM & RANCH IMP	7,222,651	N/A	7,222,651	7,222,651
E - NON-AG LAND AND IMPROVEMENTS	126,181,759	0.8204	153,805,167	126,181,759
F1 - COMMERCIAL REAL	195,439,113	0.9468	206,420,694	195,439,113
F2 - INDUSTRIAL REAL	94,232,740	N/A	94,232,740	94,232,740
G - ALL MINERALS	1,888,247	N/A	1,888,247	1,888,247
J - ALL UTILITIES	90,427,810	0.8559	105,652,308	90,427,810
L1 - COMMERCIAL PERSONAL	90,183,690	0.9869	91,380,778	90,183,690
L2 - INDUSTRIAL PERSONAL	174,515,820	N/A	174,515,820	174,515,820
M1 - MOBILE HOMES	3,810,550	N/A	3,810,550	3,810,550
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,228,820	N/A	1,228,820	1,228,820
S - SPECIAL INVENTORY	2,608,540	N/A	2,608,540	2,608,540
Subtotal	1,163,300,544	0	1,238,374,128	1,163,300,544
Less Total Deductions	246,443,353	0	256,812,634	246,443,353
Total Taxable Value	916,857,191	0	981,561,494	916,857,191

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	T13
942,087,479	916,857,191	942,087,479	916,857,191	962,847,479

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
25,230,288	0	20,760,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
1,041,598,329	1,016,368,041	1,041,598,329	1,016,368,041	1,062,358,329

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

THE PVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

109-904-02/Hillsboro ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	340,867,460	0.9376	363,553,178	340,867,460
B - MULTIFAMILY	13,219,120	N/A	13,219,120	13,219,120
C1 - VACANT LOTS	11,210,200	N/A	11,210,200	11,210,200
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	10,264,024	1.3460	7,625,315	10,264,024
D2 - FARM & RANCH IMP	7,222,651	N/A	7,222,651	7,222,651
E - NON-AG LAND AND IMPROVEMENTS	126,181,759	0.8204	153,805,167	126,181,759
F1 - COMMERCIAL REAL	195,439,113	0.9468	206,420,694	195,439,113
F2 - INDUSTRIAL REAL	94,232,740	N/A	94,232,740	94,232,740
G - ALL MINERALS	1,888,247	N/A	1,888,247	1,888,247
J - ALL UTILITIES	90,427,810	0.8559	105,652,308	90,427,810
L1 - COMMERCIAL PERSONAL	90,183,690	0.9869	91,380,778	90,183,690
L2 - INDUSTRIAL PERSONAL	174,515,820	N/A	174,515,820	174,515,820
M1 - MOBILE HOMES	3,810,550	N/A	3,810,550	3,810,550
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,228,820	N/A	1,228,820	1,228,820
S - SPECIAL INVENTORY	2,608,540	N/A	2,608,540	2,608,540
Subtotal	1,163,300,544		1,238,374,128	1,163,300,544
Less Total Deductions	246,443,353		256,812,634	246,443,353
Total Taxable Value	916,857,191		981,561,494	916,857,191

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	T13
942,087,479	916,857,191	942,087,479	916,857,191	962,847,479

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
25,230,288	0	20,760,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
1,041,598,329	1,016,368,041	1,041,598,329	1,016,368,041	1,062,358,329

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement