taxes Property Tax Assistance

2021 ISD Summary Worksheet

Palmer ISD (all splits)   Ellis County  

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's office 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 school 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

Measure Value Description
T1 417,109,044 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 404,448,190 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 417,109,044 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 404,448,190 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 417,109,044 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 404,448,190 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 417,109,044 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 404,448,190 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 12,660,854 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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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's office 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 school 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

Measure Value Description
T1 417,109,044 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 404,448,190 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 417,109,044 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 404,448,190 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 417,109,044 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 404,448,190 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 417,109,044 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 404,448,190 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 12,660,854 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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