taxes Property Tax Assistance

2024 ISD Summary Worksheet

Palmer ISD (all splits)   Ellis County  

070-Ellis/Ellis County

070-910/Palmer ISD

Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 483,374,927 0.9908 487,863,269 483,374,927
B - MULTIFAMILY 12,285,636 N/A 12,285,636 12,285,636
C1 - VACANT LOTS 14,699,643 N/A 14,699,643 14,699,643
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,705,422 2.6772 1,757,600 4,705,422
D2 - FARM & RANCH IMP 7,013,919 N/A 7,013,919 7,013,919
E - NON-AG LAND AND IMPROVEMENTS 263,216,348 0.9567 275,129,453 263,216,348
F1 - COMMERCIAL REAL 39,103,082 N/A 39,103,082 39,103,082
F2 - INDUSTRIAL REAL 4,132,092 N/A 4,132,092 4,132,092
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 23,674,508 N/A 23,674,508 23,674,508
L1 - COMMERCIAL PERSONAL 17,741,059 N/A 17,741,059 17,741,059
L2 - INDUSTRIAL PERSONAL 1,601,458 N/A 1,601,458 1,601,458
M1 - MOBILE HOMES 13,776,474 N/A 13,776,474 13,776,474
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 11,675,083 N/A 11,675,083 11,675,083
S - SPECIAL INVENTORY 12,084 N/A 12,084 12,084
Subtotal 897,011,735 0 910,465,360 897,011,735
Less Total Deductions 331,572,406 0 333,832,091 331,572,406
Total Taxable Value 565,439,329 0 576,633,269 565,439,329

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 652,226,220 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 565,439,329 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 652,226,220 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 565,439,329 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 677,096,220 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 693,676,220 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 595,814,877 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 652,226,220 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 565,439,329 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 652,226,220 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 565,439,329 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 677,096,220 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 693,676,220 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 595,814,877 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 86,786,891 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 24,870,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 16,580,000 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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070-910-02/Palmer ISD



Category Local Tax Roll Value 2024 WTD Mean Ratio 2024 PTAD Value Estimate 2024 Value Assigned
A - SINGLE-FAMILY 483,374,927 0.9908 487,863,269 483,374,927
B - MULTIFAMILY 12,285,636 N/A 12,285,636 12,285,636
C1 - VACANT LOTS 14,699,643 N/A 14,699,643 14,699,643
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 4,705,422 2.6772 1,757,600 4,705,422
D2 - FARM & RANCH IMP 7,013,919 N/A 7,013,919 7,013,919
E - NON-AG LAND AND IMPROVEMENTS 263,216,348 0.9567 275,129,453 263,216,348
F1 - COMMERCIAL REAL 39,103,082 N/A 39,103,082 39,103,082
F2 - INDUSTRIAL REAL 4,132,092 N/A 4,132,092 4,132,092
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 23,674,508 N/A 23,674,508 23,674,508
L1 - COMMERCIAL PERSONAL 17,741,059 N/A 17,741,059 17,741,059
L2 - INDUSTRIAL PERSONAL 1,601,458 N/A 1,601,458 1,601,458
M1 - MOBILE HOMES 13,776,474 N/A 13,776,474 13,776,474
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 11,675,083 N/A 11,675,083 11,675,083
S - SPECIAL INVENTORY 12,084 N/A 12,084 12,084
Subtotal 897,011,735 910,465,360 897,011,735
Less Total Deductions 331,572,406 333,832,091 331,572,406
Total Taxable Value 565,439,329 576,633,269 565,439,329

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 652,226,220 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 565,439,329 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 652,226,220 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 565,439,329 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 677,096,220 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 693,676,220 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 595,814,877 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 652,226,220 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 565,439,329 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 652,226,220 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 565,439,329 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 677,096,220 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 693,676,220 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 595,814,877 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 86,786,891 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 24,870,000 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 16,580,000 Loss to the third most recent increase in the state-mandated homestead exemption

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