taxes Property Tax Assistance

2016 ISD Summary Worksheet

070/Ellis

070-907/Italy ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 58,637,690 .9885 59,319,868 58,637,690
B. Multi-Family Residences 1,399,230 N/A 1,399,230 1,399,230
C1. Vacant Lots 871,020 N/A 871,020 871,020
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 7,568,510 1.3071 5,790,519 7,568,510
D2. Real Prop Farm & Ranch 1,580,882 N/A 1,580,882 1,580,882
E. Real Prop NonQual Acres 26,759,718 .9243 28,951,334 26,759,718
F1. Commercial Real 18,407,600 .8535 21,567,194 18,407,600
F2. Industrial Real 857,540 N/A 857,540 857,540
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 4,399,070 N/A 4,399,070 4,399,070
L1. Commercial Personal 9,477,150 N/A 9,477,150 9,477,150
L2. Industrial Personal 20,810 N/A 20,810 20,810
M. Other Personal 1,340,500 N/A 1,340,500 1,340,500
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 133,140 N/A 133,140 133,140
S. Special Inventory 0 N/A 0 0
Subtotal 131,452,860 135,708,257 131,452,860
Less Total Deductions 24,154,962   24,419,839 24,154,962
Total Taxable Value 107,297,898 111,288,418 107,297,898 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
112,623,038 107,297,898 112,623,038 107,297,898


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,325,140 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
112,623,038 107,297,898 112,623,038 107,297,898

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

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