taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

070/Ellis

070-907/Italy ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 54,671,780 .9715 56,275,636 54,671,780
B. Multi-Family Residences 1,254,540 N/A 1,254,540 1,254,540
C1. Vacant Lots 1,252,580 N/A 1,252,580 1,252,580
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 6,787,550 1.4452 4,696,739 6,787,550
D2. Real Prop Farm & Ranch 1,464,015 N/A 1,464,015 1,464,015
E. Real Prop NonQual Acres 24,144,035 .9978 24,197,269 24,144,035
F1. Commercial Real 13,242,600 .9023 14,676,493 13,242,600
F2. Industrial Real 713,300 N/A 713,300 713,300
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 5,217,460 N/A 5,217,460 5,217,460
L1. Commercial Personal 3,466,222 N/A 3,466,222 3,466,222
L2. Industrial Personal 22,240 N/A 22,240 22,240
M. Other Personal 1,509,940 N/A 1,509,940 1,509,940
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 57,870 N/A 57,870 57,870
S. Special Inventory 0 N/A 0 0
Subtotal 113,804,132 114,804,304 113,804,132
Less Total Deductions 15,547,096   16,143,587 15,547,096
Total Taxable Value 98,257,036 98,660,717 98,257,036 T2

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
103,913,583 98,257,036 103,913,583 98,257,036 99,200,450 99,200,450


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,656,547 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
103,913,583 98,257,036 103,913,583 98,257,036 99,200,450 99,200,450

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value to be valid, and local value was certified