taxes Property Tax Assistance

2017 ISD Summary Worksheet

070/Ellis

070-911/Red Oak ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 1,461,278,575 N/A 1,461,278,575 1,461,278,575
B. Multi-Family Residences 58,252,621 N/A 58,252,621 58,252,621
C1. Vacant Lots 25,126,047 N/A 25,126,047 25,126,047
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,051,535 N/A 2,051,535 2,051,535
D2. Real Prop Farm & Ranch 1,245,916 N/A 1,245,916 1,245,916
E. Real Prop NonQual Acres 48,349,441 N/A 48,349,441 48,349,441
F1. Commercial Real 126,955,694 N/A 126,955,694 126,955,694
F2. Industrial Real 144,078,790 N/A 144,078,790 144,078,790
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 23,156,170 N/A 23,156,170 23,156,170
L1. Commercial Personal 37,636,395 N/A 37,636,395 37,636,395
L2. Industrial Personal 84,095,150 N/A 84,095,150 84,095,150
M. Other Personal 6,076,190 N/A 6,076,190 6,076,190
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 14,935,298 N/A 14,935,298 14,935,298
S. Special Inventory 97,450 N/A 97,450 97,450
Subtotal 2,033,335,272 2,033,335,272 2,033,335,272
Less Total Deductions 397,550,241   397,550,241 397,550,241
Total Taxable Value 1,635,785,031 1,635,785,031 1,635,785,031 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
1,699,072,560 1,635,785,031 1,699,072,560 1,635,785,031


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
63,287,529 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
1,739,409,970 1,676,122,441 1,739,409,970 1,676,122,441

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