taxes Property Tax Assistance

2021 ISD Summary Worksheet

043-Collin /Collin County

043-904/Farmersville ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 551,936,157 0.9650 571,954,567 551,936,157
B - MULTIFAMILY 6,924,299 N/A 6,924,299 6,924,299
C1 - VACANT LOTS 31,313,315 N/A 31,313,315 31,313,315
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,816,739 1.4850 2,570,161 3,816,739
D2 - FARM & RANCH IMP 6,050,478 N/A 6,050,478 6,050,478
E - NON-AG LAND AND IMPROVEMENTS 214,760,878 0.9916 216,580,151 214,760,878
F1 - COMMERCIAL REAL 66,806,618 0.9328 71,619,445 66,806,618
F2 - INDUSTRIAL REAL 14,310,606 N/A 14,310,606 14,310,606
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 74,854,173 0.8644 86,596,683 74,854,173
L1 - COMMERCIAL PERSONAL 23,583,821 N/A 23,583,821 23,583,821
L2 - INDUSTRIAL PERSONAL 11,691,414 N/A 11,691,414 11,691,414
M1 - MOBILE HOMES 12,046,650 N/A 12,046,650 12,046,650
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 10,052,452 N/A 10,052,452 10,052,452
S - SPECIAL INVENTORY 831,626 N/A 831,626 831,626
Subtotal 1,028,979,226 0 1,066,125,668 1,028,979,226
Less Total Deductions 163,435,344 0 170,253,365 163,435,344
Total Taxable Value 865,543,882 0 895,872,303 865,543,882

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
884,526,856 865,543,882 884,526,856 865,543,882


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
18,982,974 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
884,526,856 865,543,882 884,526,856 865,543,882

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

043-904-02/Farmersville ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 551,936,157 0.9650 571,954,567 551,936,157
B - MULTIFAMILY 6,924,299 N/A 6,924,299 6,924,299
C1 - VACANT LOTS 31,313,315 N/A 31,313,315 31,313,315
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 3,816,739 1.4850 2,570,161 3,816,739
D2 - FARM & RANCH IMP 6,050,478 N/A 6,050,478 6,050,478
E - NON-AG LAND AND IMPROVEMENTS 214,760,878 0.9916 216,580,151 214,760,878
F1 - COMMERCIAL REAL 66,806,618 0.9328 71,619,445 66,806,618
F2 - INDUSTRIAL REAL 14,310,606 N/A 14,310,606 14,310,606
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 74,854,173 0.8644 86,596,683 74,854,173
L1 - COMMERCIAL PERSONAL 23,583,821 N/A 23,583,821 23,583,821
L2 - INDUSTRIAL PERSONAL 11,691,414 N/A 11,691,414 11,691,414
M1 - MOBILE HOMES 12,046,650 N/A 12,046,650 12,046,650
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 10,052,452 N/A 10,052,452 10,052,452
S - SPECIAL INVENTORY 831,626 N/A 831,626 831,626
Subtotal 1,028,979,226 1,066,125,668 1,028,979,226
Less Total Deductions 163,435,344 170,253,365 163,435,344
Total Taxable Value 865,543,882 895,872,303 865,543,882

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
884,526,856 865,543,882 884,526,856 865,543,882


Loss To
the Additional
$10,000 Homestead
Exemption
50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
18,982,974 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
884,526,856 865,543,882 884,526,856 865,543,882

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