taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

070/Ellis

070-911/Red Oak ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 1,100,776,454 .9754 1,128,538,501 1,100,776,454
B. Multi-Family Residences 45,160,420 N/A 45,160,420 45,160,420
C1. Vacant Lots 27,339,974 N/A 27,339,974 27,339,974
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,277,819 1.3969 1,630,620 2,277,819
D2. Real Prop Farm & Ranch 935,270 N/A 935,270 935,270
E. Real Prop NonQual Acres 37,452,067 N/A 37,452,067 37,452,067
F1. Commercial Real 104,006,860 .9109 114,180,327 104,006,860
F2. Industrial Real 133,682,400 N/A 133,682,400 133,682,400
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 20,890,310 N/A 20,890,310 20,890,310
L1. Commercial Personal 39,516,524 N/A 39,516,524 39,516,524
L2. Industrial Personal 9,978,240 N/A 9,978,240 9,978,240
M. Other Personal 6,486,910 N/A 6,486,910 6,486,910
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 12,849,500 N/A 12,849,500 12,849,500
S. Special Inventory 146,310 N/A 146,310 146,310
Subtotal 1,541,499,058 1,578,787,373 1,541,499,058
Less Total Deductions 163,786,005   169,595,662 163,786,005
Total Taxable Value 1,377,713,053 1,409,191,711 1,377,713,053 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
1,439,822,740 1,377,713,053 1,439,822,740 1,377,713,053 1,386,400,001 1,386,400,001


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
62,109,687 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
1,439,822,740 1,377,713,053 1,439,822,740 1,377,713,053 1,386,400,001 1,386,400,001

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