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2023 ISD Summary Worksheet
Levelland ISD (all splits) Hockley County
110-Hockley/Hockley County
110-902/Levelland ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 644,063,583 | 0.8432 | 763,832,523 | 763,832,523 |
| B - MULTIFAMILY | 13,758,489 | N/A | 13,758,489 | 13,758,489 |
| C1 - VACANT LOTS | 7,239,432 | N/A | 7,239,432 | 7,239,432 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 37,667,459 | 1.8539 | 20,318,327 | 20,318,327 |
| D2 - FARM & RANCH IMP | 1,965,670 | N/A | 1,965,670 | 1,965,670 |
| E - NON-AG LAND AND IMPROVEMENTS | 23,091,630 | N/A | 23,091,630 | 23,091,630 |
| F1 - COMMERCIAL REAL | 115,847,485 | 0.9590 | 120,800,297 | 120,800,297 |
| F2 - INDUSTRIAL REAL | 38,323,280 | N/A | 38,323,280 | 38,323,280 |
| G - ALL MINERALS | 668,430,760 | 0.9885 | 676,207,142 | 676,207,142 |
| J - ALL UTILITIES | 68,195,870 | N/A | 68,195,870 | 68,195,870 |
| L1 - COMMERCIAL PERSONAL | 107,091,160 | 1.0234 | 104,642,525 | 104,642,525 |
| L2 - INDUSTRIAL PERSONAL | 119,803,050 | N/A | 119,803,050 | 119,803,050 |
| M1 - MOBILE HOMES | 7,908,170 | N/A | 7,908,170 | 7,908,170 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 27,740 | N/A | 27,740 | 27,740 |
| S - SPECIAL INVENTORY | 8,195,720 | N/A | 8,195,720 | 8,195,720 |
| Subtotal | 1,861,609,498 | 0 | 1,974,309,865 | 1,974,309,865 |
| Less Total Deductions | 348,898,645 | 0 | 389,386,574 | 389,386,574 |
| Total Taxable Value | 1,512,710,853 | 0 | 1,584,923,291 | 1,584,923,291 |
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
| Measure | Value | Description |
|---|---|---|
| T1 | 1,716,567,664 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 1,584,923,291 | 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 | 1,716,567,664 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 1,584,923,291 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 1,768,122,664 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 1,802,492,664 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 1,611,721,689 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 1,716,567,664 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 1,584,923,291 | 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 | 1,716,567,664 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 1,584,923,291 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 1,768,122,664 | T13 plus the loss to the chapter 313 agreement |
| T16 | 1,802,492,664 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 1,611,721,689 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 131,644,373 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 51,555,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 34,370,000 | Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE
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110-902-02/Levelland ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 644,063,583 | 0.8432 | 763,832,523 | 763,832,523 |
| B - MULTIFAMILY | 13,758,489 | N/A | 13,758,489 | 13,758,489 |
| C1 - VACANT LOTS | 7,239,432 | N/A | 7,239,432 | 7,239,432 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 37,667,459 | 1.8539 | 20,318,327 | 20,318,327 |
| D2 - FARM & RANCH IMP | 1,965,670 | N/A | 1,965,670 | 1,965,670 |
| E - NON-AG LAND AND IMPROVEMENTS | 23,091,630 | N/A | 23,091,630 | 23,091,630 |
| F1 - COMMERCIAL REAL | 115,847,485 | 0.9590 | 120,800,297 | 120,800,297 |
| F2 - INDUSTRIAL REAL | 38,323,280 | N/A | 38,323,280 | 38,323,280 |
| G - ALL MINERALS | 668,430,760 | 0.9885 | 676,207,142 | 676,207,142 |
| J - ALL UTILITIES | 68,195,870 | N/A | 68,195,870 | 68,195,870 |
| L1 - COMMERCIAL PERSONAL | 107,091,160 | 1.0234 | 104,642,525 | 104,642,525 |
| L2 - INDUSTRIAL PERSONAL | 119,803,050 | N/A | 119,803,050 | 119,803,050 |
| M1 - MOBILE HOMES | 7,908,170 | N/A | 7,908,170 | 7,908,170 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 27,740 | N/A | 27,740 | 27,740 |
| S - SPECIAL INVENTORY | 8,195,720 | N/A | 8,195,720 | 8,195,720 |
| Subtotal | 1,861,609,498 | 1,974,309,865 | 1,974,309,865 | |
| Less Total Deductions | 348,898,645 | 389,386,574 | 389,386,574 | |
| Total Taxable Value | 1,512,710,853 | 1,584,923,291 | 1,584,923,291 |
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
| Measure | Value | Description |
|---|---|---|
| T1 | 1,716,567,664 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 1,584,923,291 | 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 | 1,716,567,664 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 1,584,923,291 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 1,768,122,664 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 1,802,492,664 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 1,611,721,689 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 1,716,567,664 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 1,584,923,291 | 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 | 1,716,567,664 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 1,584,923,291 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 1,768,122,664 | T13 plus the loss to the chapter 313 agreement |
| T16 | 1,802,492,664 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 1,611,721,689 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 131,644,373 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 51,555,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 34,370,000 | Loss to Second Previous Homestead Increase |
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