taxes Property Tax Assistance

2020 ISD Summary Worksheet

070-Ellis /Ellis County

070-907/Italy ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	105,854,918	0.9885	107,086,412	105,854,918
B - MULTIFAMILY	4,670,260	N/A	4,670,260	4,670,260
C1 - VACANT LOTS	2,062,270	N/A	2,062,270	2,062,270
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	6,090,745	2.5892	2,352,402	6,090,745
D2 - FARM & RANCH IMP	3,294,884	N/A	3,294,884	3,294,884
E - NON-AG LAND AND IMPROVEMENTS	49,285,944	0.9568	51,511,229	49,285,944
F1 - COMMERCIAL REAL	28,110,813	1.0230	27,478,801	28,110,813
F2 - INDUSTRIAL REAL	850,600	N/A	850,600	850,600
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	5,132,659	N/A	5,132,659	5,132,659
L1 - COMMERCIAL PERSONAL	10,595,851	1.0403	10,185,380	10,595,851
L2 - INDUSTRIAL PERSONAL	19,830	N/A	19,830	19,830
M1 - MOBILE HOMES	1,465,130	N/A	1,465,130	1,465,130
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	501,590	N/A	501,590	501,590
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	217,935,494	0	216,611,447	217,935,494
Less Total Deductions	46,454,481	0	47,009,915	46,454,481
Total Taxable Value	171,481,013	0	169,601,532	171,481,013

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
177,146,744	171,481,013	177,146,744	171,481,013

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
5,665,731	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
177,146,744	171,481,013	177,146,744	171,481,013

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	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	105,854,918	0.9885	107,086,412	105,854,918
B - MULTIFAMILY	4,670,260	N/A	4,670,260	4,670,260
C1 - VACANT LOTS	2,062,270	N/A	2,062,270	2,062,270
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	6,090,745	2.5892	2,352,402	6,090,745
D2 - FARM & RANCH IMP	3,294,884	N/A	3,294,884	3,294,884
E - NON-AG LAND AND IMPROVEMENTS	49,285,944	0.9568	51,511,229	49,285,944
F1 - COMMERCIAL REAL	28,110,813	1.0230	27,478,801	28,110,813
F2 - INDUSTRIAL REAL	850,600	N/A	850,600	850,600
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	5,132,659	N/A	5,132,659	5,132,659
L1 - COMMERCIAL PERSONAL	10,595,851	1.0403	10,185,380	10,595,851
L2 - INDUSTRIAL PERSONAL	19,830	N/A	19,830	19,830
M1 - MOBILE HOMES	1,465,130	N/A	1,465,130	1,465,130
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	501,590	N/A	501,590	501,590
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	217,935,494		216,611,447	217,935,494
Less Total Deductions	46,454,481		47,009,915	46,454,481
Total Taxable Value	171,481,013		169,601,532	171,481,013

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
177,146,744	171,481,013	177,146,744	171,481,013

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
5,665,731	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
177,146,744	171,481,013	177,146,744	171,481,013

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