taxes Property Tax Assistance

2023 ISD Summary Worksheet

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 491,875,296 1.0258 479,504,090 491,875,296
B - MULTIFAMILY 10,942,833 N/A 10,942,833 10,942,833
C1 - VACANT LOTS 16,200,850 N/A 16,200,850 16,200,850
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,290,574 2.2496 1,907,232 4,290,574
D2 - FARM & RANCH IMP 5,706,044 N/A 5,706,044 5,706,044
E - NON-AG LAND AND IMPROVEMENTS 242,873,914 0.9904 245,228,104 242,873,914
F1 - COMMERCIAL REAL 36,535,457 N/A 36,535,457 36,535,457
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 18,140,893 N/A 18,140,893 18,140,893
L2 - INDUSTRIAL PERSONAL 1,301,533 N/A 1,301,533 1,301,533
M1 - MOBILE HOMES 13,340,293 N/A 13,340,293 13,340,293
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 869,118,333 0 856,717,975 869,118,333
Less Total Deductions 310,436,308 0 304,049,656 310,436,308
Total Taxable Value 558,682,025 0 552,668,319 558,682,025

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 637,244,113 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 558,682,025 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 637,244,113 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 558,682,025 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 660,644,113 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 676,244,113 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 566,326,301 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 637,244,113 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 558,682,025 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 637,244,113 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 558,682,025 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 660,644,113 T13 plus the loss to the chapter 313 agreement
T16 676,244,113 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 566,326,301 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 78,562,088 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 23,400,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 15,600,000 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

070-910-02/Palmer ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 491,875,296 1.0258 479,504,090 491,875,296
B - MULTIFAMILY 10,942,833 N/A 10,942,833 10,942,833
C1 - VACANT LOTS 16,200,850 N/A 16,200,850 16,200,850
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,290,574 2.2496 1,907,232 4,290,574
D2 - FARM & RANCH IMP 5,706,044 N/A 5,706,044 5,706,044
E - NON-AG LAND AND IMPROVEMENTS 242,873,914 0.9904 245,228,104 242,873,914
F1 - COMMERCIAL REAL 36,535,457 N/A 36,535,457 36,535,457
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 18,140,893 N/A 18,140,893 18,140,893
L2 - INDUSTRIAL PERSONAL 1,301,533 N/A 1,301,533 1,301,533
M1 - MOBILE HOMES 13,340,293 N/A 13,340,293 13,340,293
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 869,118,333 856,717,975 869,118,333
Less Total Deductions 310,436,308 304,049,656 310,436,308
Total Taxable Value 558,682,025 552,668,319 558,682,025

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 637,244,113 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 558,682,025 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 637,244,113 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 558,682,025 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 660,644,113 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 676,244,113 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 566,326,301 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 637,244,113 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 558,682,025 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 637,244,113 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 558,682,025 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 660,644,113 T13 plus the loss to the chapter 313 agreement
T16 676,244,113 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 566,326,301 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 78,562,088 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 23,400,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 15,600,000 Loss to Second Previous Homestead Increase