taxes Property Tax Assistance

2023 ISD Summary Worksheet

Italy ISD (all splits)   Ellis County  

070-Ellis/Ellis County

070-907/Italy ISD

Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 183,210,845 N/A 183,210,845 183,210,845
B - MULTIFAMILY 8,801,043 N/A 8,801,043 8,801,043
C1 - VACANT LOTS 6,005,167 N/A 6,005,167 6,005,167
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,929,639 N/A 5,929,639 5,929,639
D2 - FARM & RANCH IMP 6,158,263 N/A 6,158,263 6,158,263
E - NON-AG LAND AND IMPROVEMENTS 83,406,411 N/A 83,406,411 83,406,411
F1 - COMMERCIAL REAL 45,752,128 N/A 45,752,128 45,752,128
F2 - INDUSTRIAL REAL 1,578,198 N/A 1,578,198 1,578,198
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 8,959,874 N/A 8,959,874 8,959,874
L1 - COMMERCIAL PERSONAL 10,689,720 N/A 10,689,720 10,689,720
L2 - INDUSTRIAL PERSONAL 841,275 N/A 841,275 841,275
M1 - MOBILE HOMES 4,009,988 N/A 4,009,988 4,009,988
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 214,750 N/A 214,750 214,750
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 365,557,301 0 365,557,301 365,557,301
Less Total Deductions 130,608,027 0 130,608,027 130,608,027
Total Taxable Value 234,949,274 0 234,949,274 234,949,274

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

Measure Value Description
T1 269,598,037 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 234,949,274 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 269,598,037 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 234,949,274 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 279,993,037 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 286,923,037 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 243,414,888 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 269,598,037 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 234,949,274 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 269,598,037 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 234,949,274 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 279,993,037 T13 plus the loss to the chapter 313 agreement
T16 286,923,037 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 243,414,888 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 34,648,763 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 10,395,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,930,000 Loss to Second Previous Homestead Increase

THE PVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED


Back to top

070-907-02/Italy ISD



Category Local Tax Roll Value 2023 WTD Mean Ratio 2023 PTAD Value Estimate 2023 Value Assigned
A - SINGLE-FAMILY 183,210,845 N/A 183,210,845 183,210,845
B - MULTIFAMILY 8,801,043 N/A 8,801,043 8,801,043
C1 - VACANT LOTS 6,005,167 N/A 6,005,167 6,005,167
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 5,929,639 N/A 5,929,639 5,929,639
D2 - FARM & RANCH IMP 6,158,263 N/A 6,158,263 6,158,263
E - NON-AG LAND AND IMPROVEMENTS 83,406,411 N/A 83,406,411 83,406,411
F1 - COMMERCIAL REAL 45,752,128 N/A 45,752,128 45,752,128
F2 - INDUSTRIAL REAL 1,578,198 N/A 1,578,198 1,578,198
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 8,959,874 N/A 8,959,874 8,959,874
L1 - COMMERCIAL PERSONAL 10,689,720 N/A 10,689,720 10,689,720
L2 - INDUSTRIAL PERSONAL 841,275 N/A 841,275 841,275
M1 - MOBILE HOMES 4,009,988 N/A 4,009,988 4,009,988
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 214,750 N/A 214,750 214,750
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 365,557,301 365,557,301 365,557,301
Less Total Deductions 130,608,027 130,608,027 130,608,027
Total Taxable Value 234,949,274 234,949,274 234,949,274

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

Measure Value Description
T1 269,598,037 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 234,949,274 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 269,598,037 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 234,949,274 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 279,993,037 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions
T15 286,923,037 T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T17 243,414,888 School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 269,598,037 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 234,949,274 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 269,598,037 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 234,949,274 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 279,993,037 T13 plus the loss to the chapter 313 agreement
T16 286,923,037 T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions
T18 243,414,888 T17 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 34,648,763 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 10,395,000 Loss to the previous increase in the state-mandated homestead
LOSS_SCND_INCR_HMSTD 6,930,000 Loss to Second Previous Homestead Increase

Back to top