taxes Property Tax Assistance

2020 ISD Summary Worksheet

043-Collin /Collin County

043-904/Farmersville ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 474,178,228 0.9525 497,824,911 474,178,228
B - MULTIFAMILY 6,198,673 N/A 6,198,673 6,198,673
C1 - VACANT LOTS 26,239,502 N/A 26,239,502 26,239,502
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,920,132 1.5837 2,475,235 3,920,132
D2 - FARM & RANCH IMP 5,816,341 N/A 5,816,341 5,816,341
E - NON-AG LAND AND IMPROVEMENTS 195,963,832 0.9147 214,238,364 195,963,832
F1 - COMMERCIAL REAL 63,299,113 0.9318 67,932,081 63,299,113
F2 - INDUSTRIAL REAL 13,209,815 N/A 13,209,815 13,209,815
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 61,568,749 0.9274 66,388,558 61,568,749
L1 - COMMERCIAL PERSONAL 22,256,976 N/A 22,256,976 22,256,976
L2 - INDUSTRIAL PERSONAL 10,849,494 N/A 10,849,494 10,849,494
M1 - MOBILE HOMES 8,408,109 N/A 8,408,109 8,408,109
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 8,441,400 N/A 8,441,400 8,441,400
S - SPECIAL INVENTORY 986,120 N/A 986,120 986,120
Subtotal 901,336,484 0 951,265,579 901,336,484
Less Total Deductions 134,896,311 0 143,255,049 134,896,311
Total Taxable Value 766,440,173 0 808,010,530 766,440,173

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
784,941,648 766,440,173 784,941,648 766,440,173


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
18,501,475 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
784,941,648 766,440,173 784,941,648 766,440,173

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

043-904-02/Farmersville ISD



Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 474,178,228 0.9525 497,824,911 474,178,228
B - MULTIFAMILY 6,198,673 N/A 6,198,673 6,198,673
C1 - VACANT LOTS 26,239,502 N/A 26,239,502 26,239,502
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,920,132 1.5837 2,475,235 3,920,132
D2 - FARM & RANCH IMP 5,816,341 N/A 5,816,341 5,816,341
E - NON-AG LAND AND IMPROVEMENTS 195,963,832 0.9147 214,238,364 195,963,832
F1 - COMMERCIAL REAL 63,299,113 0.9318 67,932,081 63,299,113
F2 - INDUSTRIAL REAL 13,209,815 N/A 13,209,815 13,209,815
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 61,568,749 0.9274 66,388,558 61,568,749
L1 - COMMERCIAL PERSONAL 22,256,976 N/A 22,256,976 22,256,976
L2 - INDUSTRIAL PERSONAL 10,849,494 N/A 10,849,494 10,849,494
M1 - MOBILE HOMES 8,408,109 N/A 8,408,109 8,408,109
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 8,441,400 N/A 8,441,400 8,441,400
S - SPECIAL INVENTORY 986,120 N/A 986,120 986,120
Subtotal 901,336,484 951,265,579 901,336,484
Less Total Deductions 134,896,311 143,255,049 134,896,311
Total Taxable Value 766,440,173 808,010,530 766,440,173

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
784,941,648 766,440,173 784,941,648 766,440,173


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
18,501,475 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
784,941,648 766,440,173 784,941,648 766,440,173

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