taxes Property Tax Assistance

2019 ISD Summary Worksheet

070-Ellis

070-907/Italy ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	85,211,479	0.9397	90,679,450	85,211,479
B. MULTIFAMILY RESIDENCES	3,560,890	N/A	3,560,890	3,560,890
C1. VACANT LOTS	1,104,760	N/A	1,104,760	1,104,760
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	5,990,566	1.9747	3,031,509	5,990,566
D2. REAL PROP:FARM & RANCH	2,365,398	N/A	2,365,398	2,365,398
E. REAL PROP NONQUAL ACREAGE	43,236,075	0.9423	45,883,556	43,236,075
F1. COMMERCIAL REAL	25,023,071	0.9787	25,567,662	25,023,071
F2. INDUSTRIAL REAL	1,268,850	N/A	1,268,850	1,268,850
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	5,213,713	N/A	5,213,713	5,213,713
L1. COMMERCIAL PERSONAL	11,856,439	1.0674	11,107,775	11,856,439
L2. INDUSTRIAL PERSONAL	19,720	N/A	19,720	19,720
M. MOBILE HOMES	1,482,620	N/A	1,482,620	1,482,620
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	225,300	N/A	225,300	225,300
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	186,558,881	0	191,511,203	186,558,881
Less Total Deductions	38,254,077	0	40,800,022	38,254,077
Total Taxable Value	148,304,804	0	150,711,181	148,304,804

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
153,833,010	148,304,804	153,833,010	148,304,804

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
5,528,206	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
153,833,010	148,304,804	153,833,010	148,304,804

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

070-907-02/Italy ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	85,211,479	0.9397	90,679,450	85,211,479
B. MULTIFAMILY RESIDENCES	3,560,890	N/A	3,560,890	3,560,890
C1. VACANT LOTS	1,104,760	N/A	1,104,760	1,104,760
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	5,990,566	1.9761	3,031,509	5,990,566
D2. REAL PROP:FARM & RANCH	2,365,398	N/A	2,365,398	2,365,398
E. REAL PROP NONQUAL ACREAGE	43,236,075	0.9423	45,883,556	43,236,075
F1. COMMERCIAL REAL	25,023,071	0.9787	25,567,662	25,023,071
F2. INDUSTRIAL REAL	1,268,850	N/A	1,268,850	1,268,850
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	5,213,713	N/A	5,213,713	5,213,713
L1. COMMERCIAL PERSONAL	11,856,439	1.0674	11,107,775	11,856,439
L2. INDUSTRIAL PERSONAL	19,720	N/A	19,720	19,720
M. MOBILE HOMES	1,482,620	N/A	1,482,620	1,482,620
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	225,300	N/A	225,300	225,300
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	186,558,881		191,511,203	186,558,881
Less Total Deductions	38,254,077		40,800,022	38,254,077
Total Taxable Value	148,304,804		150,711,181	148,304,804

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
153,833,010	148,304,804	153,833,010	148,304,804

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
5,528,206	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
153,833,010	148,304,804	153,833,010	148,304,804

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