taxes Property Tax Assistance

2022 ISD Summary Worksheet

070-Ellis /Ellis County

070-911/Red Oak ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 3,350,470,038 0.9241 3,625,657,438 3,350,470,038
B - MULTIFAMILY 141,206,396 N/A 141,206,396 141,206,396
C1 - VACANT LOTS 70,578,298 N/A 70,578,298 70,578,298
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,275,923 2.4138 528,585 1,275,923
D2 - FARM & RANCH IMP 1,929,005 N/A 1,929,005 1,929,005
E - NON-AG LAND AND IMPROVEMENTS 122,833,461 N/A 122,833,461 122,833,461
F1 - COMMERCIAL REAL 281,078,170 1.0220 275,027,564 281,078,170
F2 - INDUSTRIAL REAL 86,558,281 N/A 86,558,281 86,558,281
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 36,343,488 N/A 36,343,488 36,343,488
L1 - COMMERCIAL PERSONAL 46,409,876 N/A 46,409,876 46,409,876
L2 - INDUSTRIAL PERSONAL 154,817,931 N/A 154,817,931 154,817,931
M1 - MOBILE HOMES 14,817,783 N/A 14,817,783 14,817,783
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 53,500,741 N/A 53,500,741 53,500,741
S - SPECIAL INVENTORY 209,423 N/A 209,423 209,423
Subtotal 4,362,028,814 0 4,630,418,270 4,362,028,814
Less Total Deductions 1,043,787,178 0 1,122,394,973 1,043,787,178
Total Taxable Value 3,318,241,636 0 3,508,023,297 3,318,241,636

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
3,427,795,985 3,318,241,636 3,427,795,985 3,318,241,636 3,505,005,985


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
109,554,349 0 77,210,000


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
3,427,795,985 3,318,241,636 3,427,795,985 3,318,241,636 3,505,005,985

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

070-911-02/Red Oak ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 3,350,470,038 0.9241 3,625,657,438 3,350,470,038
B - MULTIFAMILY 141,206,396 N/A 141,206,396 141,206,396
C1 - VACANT LOTS 70,578,298 N/A 70,578,298 70,578,298
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 1,275,923 2.4138 528,585 1,275,923
D2 - FARM & RANCH IMP 1,929,005 N/A 1,929,005 1,929,005
E - NON-AG LAND AND IMPROVEMENTS 122,833,461 N/A 122,833,461 122,833,461
F1 - COMMERCIAL REAL 281,078,170 1.0220 275,027,564 281,078,170
F2 - INDUSTRIAL REAL 86,558,281 N/A 86,558,281 86,558,281
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 36,343,488 N/A 36,343,488 36,343,488
L1 - COMMERCIAL PERSONAL 46,409,876 N/A 46,409,876 46,409,876
L2 - INDUSTRIAL PERSONAL 154,817,931 N/A 154,817,931 154,817,931
M1 - MOBILE HOMES 14,817,783 N/A 14,817,783 14,817,783
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 53,500,741 N/A 53,500,741 53,500,741
S - SPECIAL INVENTORY 209,423 N/A 209,423 209,423
Subtotal 4,362,028,814 4,630,418,270 4,362,028,814
Less Total Deductions 1,043,787,178 1,122,394,973 1,043,787,178
Total Taxable Value 3,318,241,636 3,508,023,297 3,318,241,636

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
3,427,795,985 3,318,241,636 3,427,795,985 3,318,241,636 3,505,005,985


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
109,554,349 0 77,210,000


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
3,427,795,985 3,318,241,636 3,427,795,985 3,318,241,636 3,505,005,985

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