taxes Property Tax Assistance

2024 ISD Summary Worksheet

Italy ISD (all splits)   Ellis County  

070-Ellis/Ellis County

070-907/Italy ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 158,324,650 0.9585 165,179,604 158,324,650
B - MULTIFAMILY 9,931,749 N/A 9,931,749 9,931,749
C1 - VACANT LOTS 6,985,139 N/A 6,985,139 6,985,139
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,378,934 2.4460 2,607,901 6,378,934
D2 - FARM & RANCH IMP 7,242,507 N/A 7,242,507 7,242,507
E - NON-AG LAND AND IMPROVEMENTS 97,528,813 0.9652 101,045,185 97,528,813
F1 - COMMERCIAL REAL 50,336,705 0.9231 54,530,067 50,336,705
F2 - INDUSTRIAL REAL 1,068,749 N/A 1,068,749 1,068,749
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 14,591,348 N/A 14,591,348 14,591,348
L1 - COMMERCIAL PERSONAL 11,837,288 N/A 11,837,288 11,837,288
L2 - INDUSTRIAL PERSONAL 1,768,962 N/A 1,768,962 1,768,962
M1 - MOBILE HOMES 4,531,652 N/A 4,531,652 4,531,652
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,001,946 N/A 1,001,946 1,001,946
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 371,528,442 0 382,322,097 371,528,442
Less Total Deductions 119,853,428 0 123,308,571 119,853,428
Total Taxable Value 251,675,014 0 259,013,526 251,675,014

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 288,216,733 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 251,675,014 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 288,216,733 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 251,675,014 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 298,866,733 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 305,966,733 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 261,533,727 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 288,216,733 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 251,675,014 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 288,216,733 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 251,675,014 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 298,866,733 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 305,966,733 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 261,533,727 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 36,541,719 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 10,650,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 7,100,000 Loss to the third most recent increase in the state-mandated homestead exemption

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


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070-907-02/Italy ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 158,324,650 0.9585 165,179,604 158,324,650
B - MULTIFAMILY 9,931,749 N/A 9,931,749 9,931,749
C1 - VACANT LOTS 6,985,139 N/A 6,985,139 6,985,139
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,378,934 2.4460 2,607,901 6,378,934
D2 - FARM & RANCH IMP 7,242,507 N/A 7,242,507 7,242,507
E - NON-AG LAND AND IMPROVEMENTS 97,528,813 0.9652 101,045,185 97,528,813
F1 - COMMERCIAL REAL 50,336,705 0.9231 54,530,067 50,336,705
F2 - INDUSTRIAL REAL 1,068,749 N/A 1,068,749 1,068,749
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 14,591,348 N/A 14,591,348 14,591,348
L1 - COMMERCIAL PERSONAL 11,837,288 N/A 11,837,288 11,837,288
L2 - INDUSTRIAL PERSONAL 1,768,962 N/A 1,768,962 1,768,962
M1 - MOBILE HOMES 4,531,652 N/A 4,531,652 4,531,652
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 1,001,946 N/A 1,001,946 1,001,946
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 371,528,442 382,322,097 371,528,442
Less Total Deductions 119,853,428 123,308,571 119,853,428
Total Taxable Value 251,675,014 259,013,526 251,675,014

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 288,216,733 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 251,675,014 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 288,216,733 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 251,675,014 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 298,866,733 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 305,966,733 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 261,533,727 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 288,216,733 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 251,675,014 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 288,216,733 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 251,675,014 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 298,866,733 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 305,966,733 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 261,533,727 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 36,541,719 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 10,650,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 7,100,000 Loss to the third most recent increase in the state-mandated homestead exemption

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