taxes Property Tax Assistance

2023 ISD Summary Worksheet

Palmer ISD (all splits)   Ellis County  

070-Ellis/Ellis County

070-910/Palmer ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 490,715,521 1.0258 478,373,485 490,715,521
B - MULTIFAMILY 10,872,685 N/A 10,872,685 10,872,685
C1 - VACANT LOTS 15,984,764 N/A 15,984,764 15,984,764
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,431,727 2.2066 2,008,417 4,431,727
D2 - FARM & RANCH IMP 5,662,561 N/A 5,662,561 5,662,561
E - NON-AG LAND AND IMPROVEMENTS 240,562,782 0.9904 242,894,570 240,562,782
F1 - COMMERCIAL REAL 35,191,251 N/A 35,191,251 35,191,251
F2 - INDUSTRIAL REAL 3,646,865 N/A 3,646,865 3,646,865
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 24,091,653 N/A 24,091,653 24,091,653
L1 - COMMERCIAL PERSONAL 18,144,864 N/A 18,144,864 18,144,864
L2 - INDUSTRIAL PERSONAL 1,301,533 N/A 1,301,533 1,301,533
M1 - MOBILE HOMES 13,014,984 N/A 13,014,984 13,014,984
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 103,500 N/A 103,500 103,500
S - SPECIAL INVENTORY 68,628 N/A 68,628 68,628
Subtotal 863,793,318 0 851,359,760 863,793,318
Less Total Deductions 347,974,812 0 340,957,441 347,974,812
Total Taxable Value 515,818,506 0 510,402,319 515,818,506

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

Measure Value Description
T1 597,119,886 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 515,818,506 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 597,119,886 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 515,818,506 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 620,804,886 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 636,594,886 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 544,630,763 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 597,119,886 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 515,818,506 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 597,119,886 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 515,818,506 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 620,804,886 T13 plus the loss to the chapter 313 agreement
T16 636,594,886 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 544,630,763 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 81,301,380 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 23,685,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 15,790,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED


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070-910-02/Palmer ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 490,715,521 1.0258 478,373,485 490,715,521
B - MULTIFAMILY 10,872,685 N/A 10,872,685 10,872,685
C1 - VACANT LOTS 15,984,764 N/A 15,984,764 15,984,764
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,431,727 2.2066 2,008,417 4,431,727
D2 - FARM & RANCH IMP 5,662,561 N/A 5,662,561 5,662,561
E - NON-AG LAND AND IMPROVEMENTS 240,562,782 0.9904 242,894,570 240,562,782
F1 - COMMERCIAL REAL 35,191,251 N/A 35,191,251 35,191,251
F2 - INDUSTRIAL REAL 3,646,865 N/A 3,646,865 3,646,865
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 24,091,653 N/A 24,091,653 24,091,653
L1 - COMMERCIAL PERSONAL 18,144,864 N/A 18,144,864 18,144,864
L2 - INDUSTRIAL PERSONAL 1,301,533 N/A 1,301,533 1,301,533
M1 - MOBILE HOMES 13,014,984 N/A 13,014,984 13,014,984
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 103,500 N/A 103,500 103,500
S - SPECIAL INVENTORY 68,628 N/A 68,628 68,628
Subtotal 863,793,318 851,359,760 863,793,318
Less Total Deductions 347,974,812 340,957,441 347,974,812
Total Taxable Value 515,818,506 510,402,319 515,818,506

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

Measure Value Description
T1 597,119,886 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 515,818,506 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 597,119,886 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 515,818,506 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 620,804,886 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 636,594,886 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 544,630,763 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 597,119,886 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 515,818,506 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 597,119,886 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 515,818,506 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 620,804,886 T13 plus the loss to the chapter 313 agreement
T16 636,594,886 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 544,630,763 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 81,301,380 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 23,685,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 15,790,000 Loss to Second Previous Homestead Increase

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