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 85,218,979 0.9397 90,687,431 85,218,979
B. MULTIFAMILY RESIDENCES 3,560,890 N/A 3,560,890 3,560,890
C1. VACANT LOTS 1,097,260 N/A 1,097,260 1,097,260
D1. QUALIFIED AG LAND 5,978,606 1.9734 3,029,654 5,978,606
D2. REAL PROP:FARM & RANCH 2,365,398 N/A 2,365,398 2,365,398
E. REAL PROP NONQUAL ACREAGE 43,515,136 0.9423 46,179,705 43,515,136
F1. COMMERCIAL REAL 24,959,117 0.9787 25,502,316 24,959,117
F2. INDUSTRIAL REAL 1,268,850 N/A 1,268,850 1,268,850
J. UTILITIES 5,213,713 N/A 5,213,713 5,213,713
L1. COMMERCIAL PERSONAL 11,817,166 1.0674 11,070,982 11,817,166
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
O. RESIDENTIAL INVENTORY 225,300 N/A 225,300 225,300
Subtotal 186,722,755 0 191,703,839 186,722,755
Less Total Deductions 37,700,790 0 40,228,324 37,700,790
Total Taxable Value 149,021,965 0 151,475,515 149,021,965

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
154,496,561 149,021,965 154,496,561 149,021,965


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,474,596 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
154,496,561 149,021,965 154,496,561 149,021,965

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 85,218,979 0.9397 90,687,431 85,218,979
B. MULTIFAMILY RESIDENCES 3,560,890 N/A 3,560,890 3,560,890
C1. VACANT LOTS 1,097,260 N/A 1,097,260 1,097,260
D1. QUALIFIED AG LAND 5,978,606 1.9734 3,029,654 5,978,606
D2. REAL PROP:FARM & RANCH 2,365,398 N/A 2,365,398 2,365,398
E. REAL PROP NONQUAL ACREAGE 43,515,136 0.9423 46,179,705 43,515,136
F1. COMMERCIAL REAL 24,959,117 0.9787 25,502,316 24,959,117
F2. INDUSTRIAL REAL 1,268,850 N/A 1,268,850 1,268,850
J. UTILITIES 5,213,713 N/A 5,213,713 5,213,713
L1. COMMERCIAL PERSONAL 11,817,166 1.0674 11,070,982 11,817,166
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
O. RESIDENTIAL INVENTORY 225,300 N/A 225,300 225,300
Subtotal 186,722,755 191,703,839 186,722,755
Less Total Deductions 37,700,790 40,228,324 37,700,790
Total Taxable Value 149,021,965 151,475,515 149,021,965

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
154,496,561 149,021,965 154,496,561 149,021,965


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
5,474,596 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
154,496,561 149,021,965 154,496,561 149,021,965

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