taxes Property Tax Assistance

2020 ISD Summary Worksheet

070-Ellis

070-907/Italy ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	105,742,080	0.9885	106,972,261	105,742,080
B - MULTIFAMILY	4,670,260	N/A	4,670,260	4,670,260
C1 - VACANT LOTS	2,071,680	N/A	2,071,680	2,071,680
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	6,078,425	2.5974	2,340,183	6,078,425
D2 - FARM & RANCH IMP	3,302,184	N/A	3,302,184	3,302,184
E - NON-AG LAND AND IMPROVEMENTS	49,335,944	0.9568	51,563,487	49,335,944
F1 - COMMERCIAL REAL	28,374,233	1.0230	27,736,298	28,374,233
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	10,615,851	1.0403	10,204,605	10,615,851
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	218,160,466	0	216,830,767	218,160,466
Less Total Deductions	45,726,891	0	46,278,133	45,726,891
Total Taxable Value	172,433,575	0	170,552,634	172,433,575

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
177,969,306	172,433,575	177,969,306	172,433,575

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
5,535,731	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
177,969,306	172,433,575	177,969,306	172,433,575

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	105,742,080	0.9885	106,972,261	105,742,080
B - MULTIFAMILY	4,670,260	N/A	4,670,260	4,670,260
C1 - VACANT LOTS	2,071,680	N/A	2,071,680	2,071,680
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	6,078,425	2.5974	2,340,183	6,078,425
D2 - FARM & RANCH IMP	3,302,184	N/A	3,302,184	3,302,184
E - NON-AG LAND AND IMPROVEMENTS	49,335,944	0.9568	51,563,487	49,335,944
F1 - COMMERCIAL REAL	28,374,233	1.0230	27,736,298	28,374,233
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	10,615,851	1.0403	10,204,605	10,615,851
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	218,160,466		216,830,767	218,160,466
Less Total Deductions	45,726,891		46,278,133	45,726,891
Total Taxable Value	172,433,575		170,552,634	172,433,575

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
177,969,306	172,433,575	177,969,306	172,433,575

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
5,535,731	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
177,969,306	172,433,575	177,969,306	172,433,575

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