taxes Property Tax Assistance

2022 ISD Summary Worksheet

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 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	T13
513,335,562	494,072,837	513,335,562	494,072,837	528,175,562

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
19,262,725	0	14,840,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
513,335,562	494,072,837	513,335,562	494,072,837	528,175,562

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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

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 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	T13
513,335,562	494,072,837	513,335,562	494,072,837	528,175,562

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
19,262,725	0	14,840,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
513,335,562	494,072,837	513,335,562	494,072,837	528,175,562

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement