taxes Property Tax Assistance

2021 ISD Summary Worksheet

070-Ellis /Ellis County

070-910/Palmer ISD

Category	Local Tax Roll Value	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	302,770,120	N/A	302,770,120	302,770,120
B - MULTIFAMILY	7,341,131	N/A	7,341,131	7,341,131
C1 - VACANT LOTS	6,067,543	N/A	6,067,543	6,067,543
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	4,162,844	N/A	4,162,844	4,162,844
D2 - FARM & RANCH IMP	2,944,165	N/A	2,944,165	2,944,165
E - NON-AG LAND AND IMPROVEMENTS	105,582,708	N/A	105,582,708	105,582,708
F1 - COMMERCIAL REAL	21,108,035	N/A	21,108,035	21,108,035
F2 - INDUSTRIAL REAL	2,464,660	N/A	2,464,660	2,464,660
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	17,541,930	N/A	17,541,930	17,541,930
L1 - COMMERCIAL PERSONAL	15,991,647	N/A	15,991,647	15,991,647
L2 - INDUSTRIAL PERSONAL	936,304	N/A	936,304	936,304
M1 - MOBILE HOMES	5,517,526	N/A	5,517,526	5,517,526
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,196,110	N/A	1,196,110	1,196,110
S - SPECIAL INVENTORY	5,100	N/A	5,100	5,100
Subtotal	493,629,823	0	493,629,823	493,629,823
Less Total Deductions	89,181,633	0	89,181,633	89,181,633
Total Taxable Value	404,448,190	0	404,448,190	404,448,190

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
417,109,044	404,448,190	417,109,044	404,448,190

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
12,660,854	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
417,109,044	404,448,190	417,109,044	404,448,190

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	2021 WTD Mean Ratio	2021 PTAD Value Estimate	2021 Value Assigned
A - SINGLE-FAMILY	302,770,120	N/A	302,770,120	302,770,120
B - MULTIFAMILY	7,341,131	N/A	7,341,131	7,341,131
C1 - VACANT LOTS	6,067,543	N/A	6,067,543	6,067,543
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	4,162,844	N/A	4,162,844	4,162,844
D2 - FARM & RANCH IMP	2,944,165	N/A	2,944,165	2,944,165
E - NON-AG LAND AND IMPROVEMENTS	105,582,708	N/A	105,582,708	105,582,708
F1 - COMMERCIAL REAL	21,108,035	N/A	21,108,035	21,108,035
F2 - INDUSTRIAL REAL	2,464,660	N/A	2,464,660	2,464,660
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	17,541,930	N/A	17,541,930	17,541,930
L1 - COMMERCIAL PERSONAL	15,991,647	N/A	15,991,647	15,991,647
L2 - INDUSTRIAL PERSONAL	936,304	N/A	936,304	936,304
M1 - MOBILE HOMES	5,517,526	N/A	5,517,526	5,517,526
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	1,196,110	N/A	1,196,110	1,196,110
S - SPECIAL INVENTORY	5,100	N/A	5,100	5,100
Subtotal	493,629,823		493,629,823	493,629,823
Less Total Deductions	89,181,633		89,181,633	89,181,633
Total Taxable Value	404,448,190		404,448,190	404,448,190

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
417,109,044	404,448,190	417,109,044	404,448,190

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
12,660,854	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
417,109,044	404,448,190	417,109,044	404,448,190

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