taxes Property Tax Assistance

2018 ISD Summary Worksheet

070-Ellis

070-911/Red Oak ISD

Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES 1,666,421,138 0.9464 1,760,800,019 1,666,421,138
B. MULTIFAMILY RESIDENCES 60,430,760 N/A 60,430,760 60,430,760
C1. VACANT LOTS 23,185,725 N/A 23,185,725 23,185,725
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 1,950,730 1.5251 1,279,092 1,950,730
D2. REAL PROP:FARM & RANCH 1,521,284 N/A 1,521,284 1,521,284
E. REAL PROP NONQUAL ACREAGE 58,607,620 N/A 58,607,620 58,607,620
F1. COMMERCIAL REAL 133,275,033 0.7735 172,301,271 133,275,033
F2. INDUSTRIAL REAL 137,800,080 N/A 137,800,080 137,800,080
G. OIL,GAS,MINERALS 0 N/A 0 0
J. UTILITIES 27,086,810 N/A 27,086,810 27,086,810
L1. COMMERCIAL PERSONAL 37,692,876 N/A 37,692,876 37,692,876
L2. INDUSTRIAL PERSONAL 132,812,020 N/A 132,812,020 132,812,020
M. MOBILE HOMES 5,677,380 N/A 5,677,380 5,677,380
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 26,700,176 N/A 26,700,176 26,700,176
S. SPECIAL INVENTORY 158,630 N/A 158,630 158,630
Subtotal 2,313,320,262 0 2,446,053,743 2,313,320,262
Less Total Deductions 523,329,444 0 547,440,044 523,329,444
Total Taxable Value 1,789,990,818 0 1,898,613,699 1,789,990,818

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
1,854,474,788 1,789,990,818 1,854,474,788 1,789,990,818


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
64,483,970 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
1,888,461,058 1,823,977,088 1,888,461,058 1,823,977,088

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

070-911-02/Red Oak ISD



Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES 1,666,421,138 0.9464 1,760,800,019 1,666,421,138
B. MULTIFAMILY RESIDENCES 60,430,760 N/A 60,430,760 60,430,760
C1. VACANT LOTS 23,185,725 N/A 23,185,725 23,185,725
C2. COLONIA LOTS 0 N/A 0 0
D1. QUALIFIED AG LAND 1,950,730 1.5251 1,279,092 1,950,730
D2. REAL PROP:FARM & RANCH 1,521,284 N/A 1,521,284 1,521,284
E. REAL PROP NONQUAL ACREAGE 58,607,620 N/A 58,607,620 58,607,620
F1. COMMERCIAL REAL 133,275,033 0.7735 172,301,271 133,275,033
F2. INDUSTRIAL REAL 137,800,080 N/A 137,800,080 137,800,080
G. OIL,GAS,MINERALS 0 N/A 0 0
J. UTILITIES 27,086,810 N/A 27,086,810 27,086,810
L1. COMMERCIAL PERSONAL 37,692,876 N/A 37,692,876 37,692,876
L2. INDUSTRIAL PERSONAL 132,812,020 N/A 132,812,020 132,812,020
M. MOBILE HOMES 5,677,380 N/A 5,677,380 5,677,380
N. INTANGIBLE PERSONAL PROP 0 N/A 0 0
O. RESIDENTIAL INVENTORY 26,700,176 N/A 26,700,176 26,700,176
S. SPECIAL INVENTORY 158,630 N/A 158,630 158,630
Subtotal 2,313,320,262 2,446,053,743 2,313,320,262
Less Total Deductions 523,329,444 547,440,044 523,329,444
Total Taxable Value 1,789,990,818 1,898,613,699 1,789,990,818

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
1,854,474,788 1,789,990,818 1,854,474,788 1,789,990,818


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
64,483,970 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
1,888,461,058 1,823,977,088 1,888,461,058 1,823,977,088

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