taxes Property Tax Assistance

2016 ISD Summary Worksheet

070/Ellis

070-911/Red Oak ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 1,299,201,262 .9607 1,352,348,560 1,299,201,262
B. Multi-Family Residences 53,875,600 N/A 53,875,600 53,875,600
C1. Vacant Lots 25,561,676 N/A 25,561,676 25,561,676
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,294,390 1.3264 1,729,819 2,294,390
D2. Real Prop Farm & Ranch 1,099,530 N/A 1,099,530 1,099,530
E. Real Prop NonQual Acres 42,622,986 N/A 42,622,986 42,622,986
F1. Commercial Real 119,596,826 .8871 134,817,750 119,596,826
F2. Industrial Real 153,361,120 N/A 153,361,120 153,361,120
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 21,252,480 N/A 21,252,480 21,252,480
L1. Commercial Personal 37,387,101 N/A 37,387,101 37,387,101
L2. Industrial Personal 70,980,420 N/A 70,980,420 70,980,420
M. Other Personal 5,960,640 N/A 5,960,640 5,960,640
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 18,371,690 N/A 18,371,690 18,371,690
S. Special Inventory 190,590 N/A 190,590 190,590
Subtotal 1,851,756,311 1,919,559,962 1,851,756,311
Less Total Deductions 360,989,426   372,773,503 360,989,426
Total Taxable Value 1,490,766,885 1,546,786,459 1,490,766,885 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
1,552,472,316 1,490,766,885 1,552,472,316 1,490,766,885


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
61,705,431 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
1,601,588,856 1,539,883,425 1,601,588,856 1,539,883,425

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