taxes Property Tax Assistance

2018 ISD Summary Worksheet

070-Ellis

070-907/Italy ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	66,998,183	0.8646	77,490,381	66,998,183
B. MULTIFAMILY RESIDENCES	2,214,430	N/A	2,214,430	2,214,430
C1. VACANT LOTS	933,542	N/A	933,542	933,542
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	6,760,125	1.4997	4,507,739	6,760,125
D2. REAL PROP:FARM & RANCH	2,239,385	N/A	2,239,385	2,239,385
E. REAL PROP NONQUAL ACREAGE	32,172,294	0.8992	35,778,797	32,172,294
F1. COMMERCIAL REAL	21,470,016	0.9136	23,500,455	21,470,016
F2. INDUSTRIAL REAL	869,980	N/A	869,980	869,980
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	5,096,504	N/A	5,096,504	5,096,504
L1. COMMERCIAL PERSONAL	10,303,631	1.0186	10,115,483	10,303,631
L2. INDUSTRIAL PERSONAL	20,858	N/A	20,858	20,858
M. MOBILE HOMES	1,290,680	N/A	1,290,680	1,290,680
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	221,910	N/A	221,910	221,910
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	150,591,538	0	164,280,144	150,591,538
Less Total Deductions	26,312,970	0	30,520,556	26,312,970
Total Taxable Value	124,278,568	0	133,759,588	124,278,568

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
129,735,041	124,278,568	129,735,041	124,278,568

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
5,456,473	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
129,735,041	124,278,568	129,735,041	124,278,568

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

070-907-02/Italy ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	66,998,183	0.8646	77,490,381	66,998,183
B. MULTIFAMILY RESIDENCES	2,214,430	N/A	2,214,430	2,214,430
C1. VACANT LOTS	933,542	N/A	933,542	933,542
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	6,760,125	1.4997	4,507,739	6,760,125
D2. REAL PROP:FARM & RANCH	2,239,385	N/A	2,239,385	2,239,385
E. REAL PROP NONQUAL ACREAGE	32,172,294	0.8992	35,778,797	32,172,294
F1. COMMERCIAL REAL	21,470,016	0.9136	23,500,455	21,470,016
F2. INDUSTRIAL REAL	869,980	N/A	869,980	869,980
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	5,096,504	N/A	5,096,504	5,096,504
L1. COMMERCIAL PERSONAL	10,303,631	1.0186	10,115,483	10,303,631
L2. INDUSTRIAL PERSONAL	20,858	N/A	20,858	20,858
M. MOBILE HOMES	1,290,680	N/A	1,290,680	1,290,680
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	221,910	N/A	221,910	221,910
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	150,591,538		164,280,144	150,591,538
Less Total Deductions	26,312,970		30,520,556	26,312,970
Total Taxable Value	124,278,568		133,759,588	124,278,568

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
129,735,041	124,278,568	129,735,041	124,278,568

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
5,456,473	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
129,735,041	124,278,568	129,735,041	124,278,568

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