taxes Property Tax Assistance

2020 ISD Summary Worksheet

070-Ellis

070-907/Italy ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 105,742,080 0.9885 106,972,261 105,742,080
B - MULTIFAMILY 4,670,260 N/A 4,670,260 4,670,260
C1 - VACANT LOTS 2,071,680 N/A 2,071,680 2,071,680
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,078,425 2.5974 2,340,183 6,078,425
D2 - FARM & RANCH IMP 3,302,184 N/A 3,302,184 3,302,184
E - NON-AG LAND AND IMPROVEMENTS 49,335,944 0.9568 51,563,487 49,335,944
F1 - COMMERCIAL REAL 28,374,233 1.0230 27,736,298 28,374,233
F2 - INDUSTRIAL REAL 850,600 N/A 850,600 850,600
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 5,132,659 N/A 5,132,659 5,132,659
L1 - COMMERCIAL PERSONAL 10,615,851 1.0403 10,204,605 10,615,851
L2 - INDUSTRIAL PERSONAL 19,830 N/A 19,830 19,830
M1 - MOBILE HOMES 1,465,130 N/A 1,465,130 1,465,130
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 501,590 N/A 501,590 501,590
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 218,160,466 0 216,830,767 218,160,466
Less Total Deductions 45,726,891 0 46,278,133 45,726,891
Total Taxable Value 172,433,575 0 170,552,634 172,433,575

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
177,969,306 172,433,575 177,969,306 172,433,575


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
5,535,731 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
177,969,306 172,433,575 177,969,306 172,433,575

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

070-907-02/Italy ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 105,742,080 0.9885 106,972,261 105,742,080
B - MULTIFAMILY 4,670,260 N/A 4,670,260 4,670,260
C1 - VACANT LOTS 2,071,680 N/A 2,071,680 2,071,680
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 6,078,425 2.5974 2,340,183 6,078,425
D2 - FARM & RANCH IMP 3,302,184 N/A 3,302,184 3,302,184
E - NON-AG LAND AND IMPROVEMENTS 49,335,944 0.9568 51,563,487 49,335,944
F1 - COMMERCIAL REAL 28,374,233 1.0230 27,736,298 28,374,233
F2 - INDUSTRIAL REAL 850,600 N/A 850,600 850,600
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 5,132,659 N/A 5,132,659 5,132,659
L1 - COMMERCIAL PERSONAL 10,615,851 1.0403 10,204,605 10,615,851
L2 - INDUSTRIAL PERSONAL 19,830 N/A 19,830 19,830
M1 - MOBILE HOMES 1,465,130 N/A 1,465,130 1,465,130
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 501,590 N/A 501,590 501,590
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 218,160,466 216,830,767 218,160,466
Less Total Deductions 45,726,891 46,278,133 45,726,891
Total Taxable Value 172,433,575 170,552,634 172,433,575

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
177,969,306 172,433,575 177,969,306 172,433,575


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
5,535,731 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
177,969,306 172,433,575 177,969,306 172,433,575

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