taxes Property Tax Assistance

2019 ISD Summary Worksheet

043-Collin

043-919/Lovejoy ISD

Category	Local Tax Roll Value	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	2,958,805,900	N/A	2,958,805,900	2,958,805,900
B. MULTIFAMILY RESIDENCES	33,296,513	N/A	33,296,513	33,296,513
C1. VACANT LOTS	27,631,814	N/A	27,631,814	27,631,814
D1. QUALIFIED AG LAND	162,011	N/A	162,011	162,011
D2. REAL PROP:FARM & RANCH	803,625	N/A	803,625	803,625
E. REAL PROP NONQUAL ACREAGE	84,868,699	N/A	84,868,699	84,868,699
F1. COMMERCIAL REAL	13,366,309	N/A	13,366,309	13,366,309
F2. INDUSTRIAL REAL	2,040,434	N/A	2,040,434	2,040,434
J. UTILITIES	14,558,374	N/A	14,558,374	14,558,374
L1. COMMERCIAL PERSONAL	8,479,197	N/A	8,479,197	8,479,197
L2. INDUSTRIAL PERSONAL	173,975	N/A	173,975	173,975
M. MOBILE HOMES	157,760	N/A	157,760	157,760
O. RESIDENTIAL INVENTORY	62,929,230	N/A	62,929,230	62,929,230
Subtotal	3,207,273,841	0	3,207,273,841	3,207,273,841
Less Total Deductions	413,811,292	0	413,811,292	413,811,292
Total Taxable Value	2,793,462,549	0	2,793,462,549	2,793,462,549

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
2,838,749,182	2,793,462,549	2,838,749,182	2,793,462,549

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
45,286,633	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
2,838,749,182	2,793,462,549	2,838,749,182	2,793,462,549

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	2019 WTD Mean Ratio	2019 PTAD Value Estimate	2019 Value Assigned
A. SINGLE-FAMILY RESIDENCES	2,958,805,900	N/A	2,958,805,900	2,958,805,900
B. MULTIFAMILY RESIDENCES	33,296,513	N/A	33,296,513	33,296,513
C1. VACANT LOTS	27,631,814	N/A	27,631,814	27,631,814
D1. QUALIFIED AG LAND	162,011	N/A	162,011	162,011
D2. REAL PROP:FARM & RANCH	803,625	N/A	803,625	803,625
E. REAL PROP NONQUAL ACREAGE	84,868,699	N/A	84,868,699	84,868,699
F1. COMMERCIAL REAL	13,366,309	N/A	13,366,309	13,366,309
F2. INDUSTRIAL REAL	2,040,434	N/A	2,040,434	2,040,434
J. UTILITIES	14,558,374	N/A	14,558,374	14,558,374
L1. COMMERCIAL PERSONAL	8,479,197	N/A	8,479,197	8,479,197
L2. INDUSTRIAL PERSONAL	173,975	N/A	173,975	173,975
M. MOBILE HOMES	157,760	N/A	157,760	157,760
O. RESIDENTIAL INVENTORY	62,929,230	N/A	62,929,230	62,929,230
Subtotal	3,207,273,841		3,207,273,841	3,207,273,841
Less Total Deductions	413,811,292		413,811,292	413,811,292
Total Taxable Value	2,793,462,549		2,793,462,549	2,793,462,549

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
2,838,749,182	2,793,462,549	2,838,749,182	2,793,462,549

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
45,286,633	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
2,838,749,182	2,793,462,549	2,838,749,182	2,793,462,549

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