taxes Property Tax Assistance

2022 ISD Summary Worksheet

070-Ellis /Ellis County

070-907/Italy ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	150,752,770	0.9415	160,119,777	150,752,770
B - MULTIFAMILY	7,503,461	N/A	7,503,461	7,503,461
C1 - VACANT LOTS	4,869,464	N/A	4,869,464	4,869,464
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,350,309	2.5068	2,134,301	5,350,309
D2 - FARM & RANCH IMP	3,407,652	N/A	3,407,652	3,407,652
E - NON-AG LAND AND IMPROVEMENTS	71,075,103	0.9765	72,785,564	71,075,103
F1 - COMMERCIAL REAL	40,405,363	0.9558	42,273,868	40,405,363
F2 - INDUSTRIAL REAL	1,688,359	N/A	1,688,359	1,688,359
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	6,596,058	N/A	6,596,058	6,596,058
L1 - COMMERCIAL PERSONAL	9,502,977	N/A	9,502,977	9,502,977
L2 - INDUSTRIAL PERSONAL	415,971	N/A	415,971	415,971
M1 - MOBILE HOMES	3,566,855	N/A	3,566,855	3,566,855
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	180,745	N/A	180,745	180,745
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	305,315,087	0	315,045,052	305,315,087
Less Total Deductions	73,633,519	0	78,067,640	73,633,519
Total Taxable Value	231,681,568	0	236,977,412	231,681,568

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
240,076,584	231,681,568	240,076,584	231,681,568	246,576,584

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
8,395,016	0	6,500,000

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
240,076,584	231,681,568	240,076,584	231,681,568	246,576,584

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 TO BE VALID, AND LOCAL VALUE WAS CERTIFIED

070-907-02/Italy ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	150,752,770	0.9415	160,119,777	150,752,770
B - MULTIFAMILY	7,503,461	N/A	7,503,461	7,503,461
C1 - VACANT LOTS	4,869,464	N/A	4,869,464	4,869,464
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	5,350,309	2.5068	2,134,301	5,350,309
D2 - FARM & RANCH IMP	3,407,652	N/A	3,407,652	3,407,652
E - NON-AG LAND AND IMPROVEMENTS	71,075,103	0.9765	72,785,564	71,075,103
F1 - COMMERCIAL REAL	40,405,363	0.9558	42,273,868	40,405,363
F2 - INDUSTRIAL REAL	1,688,359	N/A	1,688,359	1,688,359
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	6,596,058	N/A	6,596,058	6,596,058
L1 - COMMERCIAL PERSONAL	9,502,977	N/A	9,502,977	9,502,977
L2 - INDUSTRIAL PERSONAL	415,971	N/A	415,971	415,971
M1 - MOBILE HOMES	3,566,855	N/A	3,566,855	3,566,855
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	180,745	N/A	180,745	180,745
S - SPECIAL INVENTORY	0	N/A	0	0
Subtotal	305,315,087		315,045,052	305,315,087
Less Total Deductions	73,633,519		78,067,640	73,633,519
Total Taxable Value	231,681,568		236,977,412	231,681,568

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
240,076,584	231,681,568	240,076,584	231,681,568	246,576,584

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
8,395,016	0	6,500,000

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
240,076,584	231,681,568	240,076,584	231,681,568	246,576,584

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