taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

070/Ellis

070-910/Palmer ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 153,558,816 .9642 159,260,336 153,558,816
B. Multi-Family Residences 2,906,020 N/A 2,906,020 2,906,020
C1. Vacant Lots 3,552,042 N/A 3,552,042 3,552,042
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,780,253 1.5775 3,030,251 4,780,253
D2. Real Prop Farm & Ranch 1,717,680 N/A 1,717,680 1,717,680
E. Real Prop NonQual Acres 50,909,631 .9085 56,037,018 50,909,631
F1. Commercial Real 9,029,922 N/A 9,029,922 9,029,922
F2. Industrial Real 989,910 N/A 989,910 989,910
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 12,010,380 .9072 13,238,955 12,010,380
L1. Commercial Personal 5,380,083 N/A 5,380,083 5,380,083
L2. Industrial Personal 262,020 N/A 262,020 262,020
M. Other Personal 3,986,050 N/A 3,986,050 3,986,050
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 397,480 N/A 397,480 397,480
S. Special Inventory 104,750 N/A 104,750 104,750
Subtotal 249,585,037 259,892,517 249,585,037
Less Total Deductions 32,981,593   34,588,099 32,981,593
Total Taxable Value 216,603,444 225,304,418 216,603,444 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
228,063,630 216,603,444 228,063,630 216,603,444 218,569,057 218,569,057


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
11,460,186 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
228,063,630 216,603,444 228,063,630 216,603,444 218,569,057 218,569,057

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