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