taxes Property Tax Assistance

2022 ISD Summary Worksheet

Palmer ISD (all splits)   Ellis County  

070-Ellis/Ellis County

070-910/Palmer ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 422,080,148 0.8929 472,707,076 422,080,148
B - MULTIFAMILY 8,341,487 N/A 8,341,487 8,341,487
C1 - VACANT LOTS 12,212,879 N/A 12,212,879 12,212,879
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,107,155 2.8150 1,459,036 4,107,155
D2 - FARM & RANCH IMP 3,587,326 N/A 3,587,326 3,587,326
E - NON-AG LAND AND IMPROVEMENTS 128,366,408 0.7177 178,858,030 128,366,408
F1 - COMMERCIAL REAL 30,086,917 N/A 30,086,917 30,086,917
F2 - INDUSTRIAL REAL 3,518,986 N/A 3,518,986 3,518,986
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 21,173,190 N/A 21,173,190 21,173,190
L1 - COMMERCIAL PERSONAL 14,745,402 N/A 14,745,402 14,745,402
L2 - INDUSTRIAL PERSONAL 1,009,645 N/A 1,009,645 1,009,645
M1 - MOBILE HOMES 9,674,382 N/A 9,674,382 9,674,382
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 2,450,106 N/A 2,450,106 2,450,106
S - SPECIAL INVENTORY 27,800 N/A 27,800 27,800
Subtotal 661,381,831 0 759,852,262 661,381,831
Less Total Deductions 167,308,994 0 187,152,075 167,308,994
Total Taxable Value 494,072,837 0 572,700,187 494,072,837

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 513,335,562 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 494,072,837 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 513,335,562 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 494,072,837 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 528,175,562 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 513,335,562 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 494,072,837 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 513,335,562 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 494,072,837 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 528,175,562 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,262,725 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
LOSS_PREV_INCR_HMSTD 14,840,000 Loss to the second most recent increase in the state-mandated homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD.


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070-910-02/Palmer ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 422,080,148 0.8929 472,707,076 422,080,148
B - MULTIFAMILY 8,341,487 N/A 8,341,487 8,341,487
C1 - VACANT LOTS 12,212,879 N/A 12,212,879 12,212,879
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,107,155 2.8150 1,459,036 4,107,155
D2 - FARM & RANCH IMP 3,587,326 N/A 3,587,326 3,587,326
E - NON-AG LAND AND IMPROVEMENTS 128,366,408 0.7177 178,858,030 128,366,408
F1 - COMMERCIAL REAL 30,086,917 N/A 30,086,917 30,086,917
F2 - INDUSTRIAL REAL 3,518,986 N/A 3,518,986 3,518,986
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 21,173,190 N/A 21,173,190 21,173,190
L1 - COMMERCIAL PERSONAL 14,745,402 N/A 14,745,402 14,745,402
L2 - INDUSTRIAL PERSONAL 1,009,645 N/A 1,009,645 1,009,645
M1 - MOBILE HOMES 9,674,382 N/A 9,674,382 9,674,382
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 2,450,106 N/A 2,450,106 2,450,106
S - SPECIAL INVENTORY 27,800 N/A 27,800 27,800
Subtotal 661,381,831 759,852,262 661,381,831
Less Total Deductions 167,308,994 187,152,075 167,308,994
Total Taxable Value 494,072,837 572,700,187 494,072,837

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 513,335,562 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 494,072,837 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 513,335,562 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 494,072,837 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 528,175,562 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 513,335,562 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 494,072,837 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 513,335,562 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 494,072,837 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 528,175,562 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 19,262,725 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
LOSS_PREV_INCR_HMSTD 14,840,000 Loss to the second most recent increase in the state-mandated homestead exemption

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