taxes Property Tax Assistance

2019 ISD Summary Worksheet

070-Ellis

070-910/Palmer ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	256,621,459	N/A	256,621,459	256,621,459
B. MULTIFAMILY RESIDENCES	5,371,762	N/A	5,371,762	5,371,762
C1. VACANT LOTS	4,315,550	N/A	4,315,550	4,315,550
D1. QUALIFIED AG LAND	4,439,682	N/A	4,439,682	4,439,682
D2. REAL PROP:FARM & RANCH	2,540,164	N/A	2,540,164	2,540,164
E. REAL PROP NONQUAL ACREAGE	88,334,646	N/A	88,334,646	88,334,646
F1. COMMERCIAL REAL	17,959,321	N/A	17,959,321	17,959,321
F2. INDUSTRIAL REAL	2,312,100	N/A	2,312,100	2,312,100
J. UTILITIES	15,435,778	N/A	15,435,778	15,435,778
L1. COMMERCIAL PERSONAL	22,849,896	N/A	22,849,896	22,849,896
L2. INDUSTRIAL PERSONAL	149,630	N/A	149,630	149,630
M. MOBILE HOMES	4,094,820	N/A	4,094,820	4,094,820
O. RESIDENTIAL INVENTORY	656,060	N/A	656,060	656,060
Subtotal	425,080,868	0	425,080,868	425,080,868
Less Total Deductions	75,788,818	0	75,788,818	75,788,818
Total Taxable Value	349,292,050	0	349,292,050	349,292,050

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
360,971,211	349,292,050	360,971,211	349,292,050

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
11,679,161	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
360,971,211	349,292,050	360,971,211	349,292,050

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	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	256,621,459	N/A	256,621,459	256,621,459
B. MULTIFAMILY RESIDENCES	5,371,762	N/A	5,371,762	5,371,762
C1. VACANT LOTS	4,315,550	N/A	4,315,550	4,315,550
D1. QUALIFIED AG LAND	4,439,682	N/A	4,439,682	4,439,682
D2. REAL PROP:FARM & RANCH	2,540,164	N/A	2,540,164	2,540,164
E. REAL PROP NONQUAL ACREAGE	88,334,646	N/A	88,334,646	88,334,646
F1. COMMERCIAL REAL	17,959,321	N/A	17,959,321	17,959,321
F2. INDUSTRIAL REAL	2,312,100	N/A	2,312,100	2,312,100
J. UTILITIES	15,435,778	N/A	15,435,778	15,435,778
L1. COMMERCIAL PERSONAL	22,849,896	N/A	22,849,896	22,849,896
L2. INDUSTRIAL PERSONAL	149,630	N/A	149,630	149,630
M. MOBILE HOMES	4,094,820	N/A	4,094,820	4,094,820
O. RESIDENTIAL INVENTORY	656,060	N/A	656,060	656,060
Subtotal	425,080,868		425,080,868	425,080,868
Less Total Deductions	75,788,818		75,788,818	75,788,818
Total Taxable Value	349,292,050		349,292,050	349,292,050

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
360,971,211	349,292,050	360,971,211	349,292,050

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
11,679,161	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
360,971,211	349,292,050	360,971,211	349,292,050

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