taxes Property Tax Assistance

2020 ISD Summary Worksheet

070-Ellis

070-910/Palmer ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 276,906,645 0.9305 297,589,087 276,906,645
B - MULTIFAMILY 5,795,336 N/A 5,795,336 5,795,336
C1 - VACANT LOTS 5,040,010 N/A 5,040,010 5,040,010
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,380,841 2.8459 1,539,362 4,380,841
D2 - FARM & RANCH IMP 2,720,155 N/A 2,720,155 2,720,155
E - NON-AG LAND AND IMPROVEMENTS 100,484,350 0.9797 102,566,449 100,484,350
F1 - COMMERCIAL REAL 18,860,685 N/A 18,860,685 18,860,685
F2 - INDUSTRIAL REAL 2,313,440 N/A 2,313,440 2,313,440
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 16,448,012 N/A 16,448,012 16,448,012
L1 - COMMERCIAL PERSONAL 15,740,030 1.0110 15,568,773 15,740,030
L2 - INDUSTRIAL PERSONAL 149,760 N/A 149,760 149,760
M1 - MOBILE HOMES 4,585,985 N/A 4,585,985 4,585,985
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 2,277,360 N/A 2,277,360 2,277,360
S - SPECIAL INVENTORY 9,590 N/A 9,590 9,590
Subtotal 455,712,199 0 475,464,004 455,712,199
Less Total Deductions 84,610,091 0 91,811,869 84,610,091
Total Taxable Value 371,102,108 0 383,652,135 371,102,108

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
383,064,196 371,102,108 383,064,196 371,102,108


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,962,088 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
383,064,196 371,102,108 383,064,196 371,102,108

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 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 276,906,645 0.9305 297,589,087 276,906,645
B - MULTIFAMILY 5,795,336 N/A 5,795,336 5,795,336
C1 - VACANT LOTS 5,040,010 N/A 5,040,010 5,040,010
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,380,841 2.8459 1,539,362 4,380,841
D2 - FARM & RANCH IMP 2,720,155 N/A 2,720,155 2,720,155
E - NON-AG LAND AND IMPROVEMENTS 100,484,350 0.9797 102,566,449 100,484,350
F1 - COMMERCIAL REAL 18,860,685 N/A 18,860,685 18,860,685
F2 - INDUSTRIAL REAL 2,313,440 N/A 2,313,440 2,313,440
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 16,448,012 N/A 16,448,012 16,448,012
L1 - COMMERCIAL PERSONAL 15,740,030 1.0110 15,568,773 15,740,030
L2 - INDUSTRIAL PERSONAL 149,760 N/A 149,760 149,760
M1 - MOBILE HOMES 4,585,985 N/A 4,585,985 4,585,985
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 2,277,360 N/A 2,277,360 2,277,360
S - SPECIAL INVENTORY 9,590 N/A 9,590 9,590
Subtotal 455,712,199 475,464,004 455,712,199
Less Total Deductions 84,610,091 91,811,869 84,610,091
Total Taxable Value 371,102,108 383,652,135 371,102,108

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
383,064,196 371,102,108 383,064,196 371,102,108


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
11,962,088 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
383,064,196 371,102,108 383,064,196 371,102,108

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