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2007 ISD Summary Worksheet

070/Ellis
070-907/Italy ISD

Category Local Tax Roll Value 2007 WTD Mean Ratio 2007 PTD Value Estimate 2007 Value Assigned
A. Single-Family Residences 58,667,060 .9712 60,406,775 58,667,060
B. Multi-Family Residences 843,310 N/A 843,310 843,310
C. Vacant Lots 1,134,480 N/A 1,134,480 1,134,480
D. Rural Real(Taxable) 25,302,081 .8968 28,212,227 25,302,081
F1. Commercial Real 11,857,370 .8142 14,563,215 11,857,370
F2. Industrial Real 1,559,780 N/A 1,559,780 1,559,780
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 5,443,360 .9773 5,569,794 5,443,360
L1. Commercial Personal 3,586,830 N/A 3,586,830 3,586,830
L2. Industrial Personal 789,830 N/A 789,830 789,830
M. Other Personal 1,906,050 N/A 1,906,050 1,906,050
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 105,040 N/A 105,040 105,040
S. Special Inventory 0 N/A 0 0
Subtotal 111,195,191 118,677,331 111,195,191
Less Total Deductions 17,219,988   17,713,792 17,219,988
Total Taxable Value 93,975,203 100,963,539 93,975,203 T2*

* This district is in year 1 of the grace period.

Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 20,926,413 .8777 23,842,330
Prod Value Qualified Acres 4,375,668 1.0013 4,369,897
Taxable Value 25,302,081   28,212,227

*The taxable values shown here will not match the values reported by your appraisal district

NOTE: See the ISD Deduction Report for a breakdown of deduction values

SB4, Passed by the 1999 legislature, (Section 403.302(J) and (K), Government Code), requires the Comptroller to certify alternative measures of school district wealth (T1, T3, and T4) in addition to the traditional measure (T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the Division of State Funding at the Texas Education Agency, Telephone #512-463-9238.

T1 Loss To The Additional $10,000 Homestead Exemption T2 50% Of The Loss To The Local Optional Percentage Homestead Exemption T3 T4
100,047,159 6,071,956 93,975,203 0 100,047,159 93,975,203

T1 = School district taxable value before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value after the loss to the additional $10,000 homestead exemption

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

The PVS found your local value invalid, but local value was certified because your school district is in year one of the grace period.

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