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2008 ISD Summary Worksheet

109/Hill

109-903/Covington ISD

Category Local Tax Roll Value 2008 WTD Mean Ratio 2008 PTD Value Estimate 2008 Value Assigned
A. Single-Family Residences 15,717,270 .9702 16,200,031 15,717,270
B. Multi-Family Residences 226,460 N/A 226,460 226,460
C. Vacant Lots 622,070 N/A 622,070 622,070
D. Rural Real(Taxable) 37,584,781 .9720 38,665,574 37,584,781
F1. Commercial Real 1,428,200 N/A 1,428,200 1,428,200
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 18,876,290 N/A 18,876,290 18,876,290
J. Utilities 10,619,710 .7944 13,368,215 10,619,710
L1. Commercial Personal 753,100 N/A 753,100 753,100
L2. Industrial Personal 1,218,750 N/A 1,218,750 1,218,750
M. Other Personal 1,916,800 N/A 1,916,800 1,916,800
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 88,963,431 93,275,490 88,963,431
Less Total Deductions 12,889,258   13,329,687 12,889,258
Total Taxable Value 76,074,173 79,945,803 76,074,173 T2*

* This district is in year 1 of the grace period.

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 35,052,460 .9625 36,418,140
Prod Value Qualified Acres 2,532,321 1.1268 2,247,434
Taxable Value 37,584,781   38,665,574

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 (T1, T3, T4, T5 and T6) in addition to the traditional measure (T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the Division Of State Funding at the Texas Education Agency, Telephone #512-463-9238.

T1 T2 T3 T4 T5 T6
80,341,836 76,074,173 80,341,836 76,074,173 77,475,053 77,475,053


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
4,267,663 0


T1 = School district taxable value before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value 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

T5 = T2 Before the loss to the tax ceiling reduction

T6 = T5 Minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value invalid, but local value was certified because your school district is in year one of the grace period.

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