taxes Property Tax Assistance

2016 ISD Summary Worksheet

043/Collin

043-919/Lovejoy ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 2,322,704,963 .9632 2,411,446,183 2,322,704,963
B. Multi-Family Residences 27,866,266 N/A 27,866,266 27,866,266
C1. Vacant Lots 26,941,544 N/A 26,941,544 26,941,544
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 177,602 1.4610 121,561 177,602
D2. Real Prop Farm & Ranch 790,702 N/A 790,702 790,702
E. Real Prop NonQual Acres 72,314,674 N/A 72,314,674 72,314,674
F1. Commercial Real 8,593,893 N/A 8,593,893 8,593,893
F2. Industrial Real 1,724,894 N/A 1,724,894 1,724,894
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 7,245,247 N/A 7,245,247 7,245,247
L1. Commercial Personal 6,130,533 N/A 6,130,533 6,130,533
L2. Industrial Personal 228,332 N/A 228,332 228,332
M. Other Personal 103,018 N/A 103,018 103,018
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 51,146,304 N/A 51,146,304 51,146,304
S. Special Inventory 0 N/A 0 0
Subtotal 2,525,967,972 2,614,653,151 2,525,967,972
Less Total Deductions 369,302,760   393,044,277 369,302,760
Total Taxable Value 2,156,665,212 2,221,608,874 2,156,665,212 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
2,199,650,950 2,156,665,212 2,199,650,950 2,156,665,212


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
42,985,738 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
2,199,650,950 2,156,665,212 2,199,650,950 2,156,665,212

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