taxes Property Tax Assistance

2025 ISD Summary Worksheet

Palmer ISD (all splits)   Ellis County  

070-Ellis/Ellis County

070-910/Palmer ISD

Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 578,946,817 N/A 578,946,817 578,946,817
B - MULTIFAMILY 13,732,826 N/A 13,732,826 13,732,826
C1 - VACANT LOTS 17,259,246 N/A 17,259,246 17,259,246
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,257,357 N/A 5,257,357 5,257,357
D2 - FARM & RANCH IMP 7,297,767 N/A 7,297,767 7,297,767
E - NON-AG LAND AND IMPROVEMENTS 234,293,261 N/A 234,293,261 234,293,261
F1 - COMMERCIAL REAL 42,591,839 N/A 42,591,839 42,591,839
F2 - INDUSTRIAL REAL 4,179,208 N/A 4,179,208 4,179,208
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 25,294,050 N/A 25,294,050 25,294,050
L1 - COMMERCIAL PERSONAL 15,263,185 N/A 15,263,185 15,263,185
L2 - INDUSTRIAL PERSONAL 1,936,413 N/A 1,936,413 1,936,413
M1 - MOBILE HOMES 14,828,545 N/A 14,828,545 14,828,545
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 17,420,519 N/A 17,420,519 17,420,519
S - SPECIAL INVENTORY 83,088 N/A 83,088 83,088
Subtotal 978,384,121 0 978,384,121 978,384,121
Less Total Deductions 402,253,025 0 402,253,025 402,253,025
Total Taxable Value 576,131,096 0 576,131,096 576,131,096

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 633,112,465 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 576,131,096 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 633,112,465 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 576,131,096 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 726,857,875 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 751,852,749 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 607,218,888 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
T19 768,779,647 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 597,858,356 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 633,112,465 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 576,131,096 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 633,112,465 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 576,131,096 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 726,857,875 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 751,852,749 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 607,218,888 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
T20 768,779,647 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 597,858,356 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 56,981,369 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 93,745,410 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 24,994,874 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 16,926,898 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 21,727,260 Loss to the increase in the Over-65/Disabled Homestead

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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070-910-02/Palmer ISD



Category Local Tax Roll Value 2025 WTD Mean Ratio 2025 PTAD Value Estimate 2025 Value Assigned
A - SINGLE-FAMILY 578,946,817 N/A 578,946,817 578,946,817
B - MULTIFAMILY 13,732,826 N/A 13,732,826 13,732,826
C1 - VACANT LOTS 17,259,246 N/A 17,259,246 17,259,246
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,257,357 N/A 5,257,357 5,257,357
D2 - FARM & RANCH IMP 7,297,767 N/A 7,297,767 7,297,767
E - NON-AG LAND AND IMPROVEMENTS 234,293,261 N/A 234,293,261 234,293,261
F1 - COMMERCIAL REAL 42,591,839 N/A 42,591,839 42,591,839
F2 - INDUSTRIAL REAL 4,179,208 N/A 4,179,208 4,179,208
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 25,294,050 N/A 25,294,050 25,294,050
L1 - COMMERCIAL PERSONAL 15,263,185 N/A 15,263,185 15,263,185
L2 - INDUSTRIAL PERSONAL 1,936,413 N/A 1,936,413 1,936,413
M1 - MOBILE HOMES 14,828,545 N/A 14,828,545 14,828,545
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 17,420,519 N/A 17,420,519 17,420,519
S - SPECIAL INVENTORY 83,088 N/A 83,088 83,088
Subtotal 978,384,121 978,384,121 978,384,121
Less Total Deductions 402,253,025 402,253,025 402,253,025
Total Taxable Value 576,131,096 576,131,096 576,131,096

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 633,112,465 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 576,131,096 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 633,112,465 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 576,131,096 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 726,857,875 T-1 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T15 751,852,749 T-13 plus the cost of the third most recent increase for that SDPVS year in the mandatory homestead exemptions
T17 607,218,888 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
T19 768,779,647 T-15 plus the cost of the fourth most recent increase for that PVS year in the mandatory homestead exemptions
T21 597,858,356 T-2 plus the cost of the most recent increase in the mandatory over-65 and disabled homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 633,112,465 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 576,131,096 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 633,112,465 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 576,131,096 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 726,857,875 T-7 plus the cost of the second most recent increase for that SDPVS year in the mandatory homestead exemptions
T16 751,852,749 T-14 plus the cost of the third most recent increases for that SDPVS year in the mandatory homestead exemptions
T18 607,218,888 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
T20 768,779,647 T-19 plus the loss to chapter 313 agreements and JETI agreements
T22 597,858,356 T-21 plus the loss to chapter 313 agreements and JETI agreements

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 56,981,369 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 93,745,410 Loss to the second most recent increase in the state-mandated homestead exemption
LOSS_SCND_INCR_HMSTD 24,994,874 Loss to the third most recent increase in the state-mandated homestead exemption
LOSS_THRD_INCR_HMSTD 16,926,898 Loss to the fourth most recent increase in the Homestead Exemption Formulas
LOSS_INCR_O65_HMSTD 21,727,260 Loss to the increase in the Over-65/Disabled Homestead

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