taxes Property Tax Assistance

2018 ISD Summary Worksheet

070-Ellis

070-910/Palmer ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	220,016,113	0.9416	233,661,972	220,016,113
B. MULTIFAMILY RESIDENCES	3,068,530	N/A	3,068,530	3,068,530
C1. VACANT LOTS	3,265,076	N/A	3,265,076	3,265,076
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	4,801,018	1.6913	2,838,717	4,801,018
D2. REAL PROP:FARM & RANCH	2,500,926	N/A	2,500,926	2,500,926
E. REAL PROP NONQUAL ACREAGE	72,106,972	0.9621	74,947,482	72,106,972
F1. COMMERCIAL REAL	14,087,641	N/A	14,087,641	14,087,641
F2. INDUSTRIAL REAL	2,106,960	N/A	2,106,960	2,106,960
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	13,598,314	N/A	13,598,314	13,598,314
L1. COMMERCIAL PERSONAL	8,333,639	N/A	8,333,639	8,333,639
L2. INDUSTRIAL PERSONAL	150,497	N/A	150,497	150,497
M. MOBILE HOMES	3,772,720	N/A	3,772,720	3,772,720
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	842,950	N/A	842,950	842,950
S. SPECIAL INVENTORY	18,600	N/A	18,600	18,600
Subtotal	348,669,956	0	363,194,024	348,669,956
Less Total Deductions	64,577,020	0	69,243,497	64,577,020
Total Taxable Value	284,092,936	0	293,950,527	284,092,936

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
295,652,518	284,092,936	295,652,518	284,092,936

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
11,559,582	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
295,652,518	284,092,936	295,652,518	284,092,936

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 TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

070-910-02/Palmer ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	220,016,113	0.9416	233,661,972	220,016,113
B. MULTIFAMILY RESIDENCES	3,068,530	N/A	3,068,530	3,068,530
C1. VACANT LOTS	3,265,076	N/A	3,265,076	3,265,076
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	4,801,018	1.6913	2,838,717	4,801,018
D2. REAL PROP:FARM & RANCH	2,500,926	N/A	2,500,926	2,500,926
E. REAL PROP NONQUAL ACREAGE	72,106,972	0.9621	74,947,482	72,106,972
F1. COMMERCIAL REAL	14,087,641	N/A	14,087,641	14,087,641
F2. INDUSTRIAL REAL	2,106,960	N/A	2,106,960	2,106,960
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	13,598,314	N/A	13,598,314	13,598,314
L1. COMMERCIAL PERSONAL	8,333,639	N/A	8,333,639	8,333,639
L2. INDUSTRIAL PERSONAL	150,497	N/A	150,497	150,497
M. MOBILE HOMES	3,772,720	N/A	3,772,720	3,772,720
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	842,950	N/A	842,950	842,950
S. SPECIAL INVENTORY	18,600	N/A	18,600	18,600
Subtotal	348,669,956		363,194,024	348,669,956
Less Total Deductions	64,577,020		69,243,497	64,577,020
Total Taxable Value	284,092,936		293,950,527	284,092,936

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
295,652,518	284,092,936	295,652,518	284,092,936

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
11,559,582	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
295,652,518	284,092,936	295,652,518	284,092,936

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