taxes Property Tax Assistance

2018 ISD Summary Worksheet

043-Collin

043-919/Lovejoy ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	2,783,388,936	0.9544	2,916,375,666	2,783,388,936
B. MULTIFAMILY RESIDENCES	33,803,891	N/A	33,803,891	33,803,891
C1. VACANT LOTS	30,583,737	N/A	30,583,737	30,583,737
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	167,370	1.7095	97,905	167,370
D2. REAL PROP:FARM & RANCH	837,023	N/A	837,023	837,023
E. REAL PROP NONQUAL ACREAGE	80,688,945	N/A	80,688,945	80,688,945
F1. COMMERCIAL REAL	10,732,246	N/A	10,732,246	10,732,246
F2. INDUSTRIAL REAL	1,856,138	N/A	1,856,138	1,856,138
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	13,736,154	N/A	13,736,154	13,736,154
L1. COMMERCIAL PERSONAL	8,376,181	N/A	8,376,181	8,376,181
L2. INDUSTRIAL PERSONAL	196,283	N/A	196,283	196,283
M. MOBILE HOMES	104,827	N/A	104,827	104,827
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	51,810,023	N/A	51,810,023	51,810,023
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	3,016,281,754	0	3,149,199,019	3,016,281,754
Less Total Deductions	419,720,381	0	454,451,918	419,720,381
Total Taxable Value	2,596,561,373	0	2,694,747,101	2,596,561,373

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
2,641,010,506	2,596,561,373	2,641,010,506	2,596,561,373

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
44,449,133	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
2,641,010,506	2,596,561,373	2,641,010,506	2,596,561,373

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

043-919-02/Lovejoy ISD

Category	Local Tax Roll Value	2018 WTD Mean Ratio	2018 PTAD Value Estimate	2018 Value Assigned
A. SINGLE-FAMILY RESIDENCES	2,783,388,936	0.9544	2,916,375,666	2,783,388,936
B. MULTIFAMILY RESIDENCES	33,803,891	N/A	33,803,891	33,803,891
C1. VACANT LOTS	30,583,737	N/A	30,583,737	30,583,737
C2. COLONIA LOTS	0	N/A	0	0
D1. QUALIFIED AG LAND	167,370	1.7095	97,905	167,370
D2. REAL PROP:FARM & RANCH	837,023	N/A	837,023	837,023
E. REAL PROP NONQUAL ACREAGE	80,688,945	N/A	80,688,945	80,688,945
F1. COMMERCIAL REAL	10,732,246	N/A	10,732,246	10,732,246
F2. INDUSTRIAL REAL	1,856,138	N/A	1,856,138	1,856,138
G. OIL,GAS,MINERALS	0	N/A	0	0
J. UTILITIES	13,736,154	N/A	13,736,154	13,736,154
L1. COMMERCIAL PERSONAL	8,376,181	N/A	8,376,181	8,376,181
L2. INDUSTRIAL PERSONAL	196,283	N/A	196,283	196,283
M. MOBILE HOMES	104,827	N/A	104,827	104,827
N. INTANGIBLE PERSONAL PROP	0	N/A	0	0
O. RESIDENTIAL INVENTORY	51,810,023	N/A	51,810,023	51,810,023
S. SPECIAL INVENTORY	0	N/A	0	0
Subtotal	3,016,281,754		3,149,199,019	3,016,281,754
Less Total Deductions	419,720,381		454,451,918	419,720,381
Total Taxable Value	2,596,561,373		2,694,747,101	2,596,561,373

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
2,641,010,506	2,596,561,373	2,641,010,506	2,596,561,373

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
44,449,133	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
2,641,010,506	2,596,561,373	2,641,010,506	2,596,561,373

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