taxes Property Tax Assistance

2022 ISD Summary Worksheet

070-Ellis /Ellis County

070-911/Red Oak ISD

Category	Local Tax Roll Value	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	3,350,470,038	0.9241	3,625,657,438	3,350,470,038
B - MULTIFAMILY	141,206,396	N/A	141,206,396	141,206,396
C1 - VACANT LOTS	70,578,298	N/A	70,578,298	70,578,298
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,275,923	2.4138	528,585	1,275,923
D2 - FARM & RANCH IMP	1,929,005	N/A	1,929,005	1,929,005
E - NON-AG LAND AND IMPROVEMENTS	122,833,461	N/A	122,833,461	122,833,461
F1 - COMMERCIAL REAL	281,078,170	1.0220	275,027,564	281,078,170
F2 - INDUSTRIAL REAL	86,558,281	N/A	86,558,281	86,558,281
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	36,343,488	N/A	36,343,488	36,343,488
L1 - COMMERCIAL PERSONAL	46,409,876	N/A	46,409,876	46,409,876
L2 - INDUSTRIAL PERSONAL	154,817,931	N/A	154,817,931	154,817,931
M1 - MOBILE HOMES	14,817,783	N/A	14,817,783	14,817,783
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	53,500,741	N/A	53,500,741	53,500,741
S - SPECIAL INVENTORY	209,423	N/A	209,423	209,423
Subtotal	4,362,028,814	0	4,630,418,270	4,362,028,814
Less Total Deductions	1,043,787,178	0	1,122,394,973	1,043,787,178
Total Taxable Value	3,318,241,636	0	3,508,023,297	3,318,241,636

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	T13
3,427,795,985	3,318,241,636	3,427,795,985	3,318,241,636	3,505,005,985

Loss to the Increase in the State-Mandated Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
109,554,349	0	77,210,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
3,427,795,985	3,318,241,636	3,427,795,985	3,318,241,636	3,505,005,985

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement

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	2022 WTD Mean Ratio	2022 PTAD Value Estimate	2022 Value Assigned
A - SINGLE-FAMILY	3,350,470,038	0.9241	3,625,657,438	3,350,470,038
B - MULTIFAMILY	141,206,396	N/A	141,206,396	141,206,396
C1 - VACANT LOTS	70,578,298	N/A	70,578,298	70,578,298
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	1,275,923	2.4138	528,585	1,275,923
D2 - FARM & RANCH IMP	1,929,005	N/A	1,929,005	1,929,005
E - NON-AG LAND AND IMPROVEMENTS	122,833,461	N/A	122,833,461	122,833,461
F1 - COMMERCIAL REAL	281,078,170	1.0220	275,027,564	281,078,170
F2 - INDUSTRIAL REAL	86,558,281	N/A	86,558,281	86,558,281
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	36,343,488	N/A	36,343,488	36,343,488
L1 - COMMERCIAL PERSONAL	46,409,876	N/A	46,409,876	46,409,876
L2 - INDUSTRIAL PERSONAL	154,817,931	N/A	154,817,931	154,817,931
M1 - MOBILE HOMES	14,817,783	N/A	14,817,783	14,817,783
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	53,500,741	N/A	53,500,741	53,500,741
S - SPECIAL INVENTORY	209,423	N/A	209,423	209,423
Subtotal	4,362,028,814		4,630,418,270	4,362,028,814
Less Total Deductions	1,043,787,178		1,122,394,973	1,043,787,178
Total Taxable Value	3,318,241,636		3,508,023,297	3,318,241,636

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	T13
3,427,795,985	3,318,241,636	3,427,795,985	3,318,241,636	3,505,005,985

Loss to the Increase in the State-Mandated Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption	Loss to the Previous Increase in the State-Mandated Homestead Exemption
109,554,349	0	77,210,000

T1 = School district taxable value for M & O purposes before the loss to the increase in the state-mandated homestead exemption

T2 = School district taxable value for M & O purposes after the loss to the increase in the state-mandated 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

T13 = T1 plus the cost of the second most recent increase for that PVS Year in the mandatory homestead exemptions

Value Taxable For I & S Purposes

T7	T8	T9	T10	T14
3,427,795,985	3,318,241,636	3,427,795,985	3,318,241,636	3,505,005,985

T7 = School district taxable value for I & S purposes before the loss to the increase in the state-mandated homestead exemption

T8 = School district taxable value for I & S purposes after the loss to the increase in the state-mandated 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

T14 = T13 plus the loss to the chapter 313 agreement