taxes Property Tax Assistance

2020 ISD Summary Worksheet

043-Collin /Collin County

043-919/Lovejoy ISD

Category Local Tax Roll Value 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 3,040,830,952 0.9817 3,097,515,485 3,040,830,952
B - MULTIFAMILY 33,604,893 N/A 33,604,893 33,604,893
C1 - VACANT LOTS 24,980,938 N/A 24,980,938 24,980,938
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 160,136 1.8189 88,041 160,136
D2 - FARM & RANCH IMP 789,861 N/A 789,861 789,861
E - NON-AG LAND AND IMPROVEMENTS 89,487,541 N/A 89,487,541 89,487,541
F1 - COMMERCIAL REAL 19,905,843 N/A 19,905,843 19,905,843
F2 - INDUSTRIAL REAL 756,911 N/A 756,911 756,911
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 15,504,273 N/A 15,504,273 15,504,273
L1 - COMMERCIAL PERSONAL 7,825,748 N/A 7,825,748 7,825,748
L2 - INDUSTRIAL PERSONAL 154,173 N/A 154,173 154,173
M1 - MOBILE HOMES 208,087 N/A 208,087 208,087
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 40,503,308 N/A 40,503,308 40,503,308
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 3,274,712,664 0 3,331,325,102 3,274,712,664
Less Total Deductions 393,987,210 0 408,868,808 393,987,210
Total Taxable Value 2,880,725,454 0 2,922,456,294 2,880,725,454

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
2,926,315,837 2,880,725,454 2,926,315,837 2,880,725,454


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
45,590,383 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
2,926,315,837 2,880,725,454 2,926,315,837 2,880,725,454

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 2020 WTD Mean Ratio 2020 PTAD Value Estimate 2020 Value Assigned
A - SINGLE-FAMILY 3,040,830,952 0.9817 3,097,515,485 3,040,830,952
B - MULTIFAMILY 33,604,893 N/A 33,604,893 33,604,893
C1 - VACANT LOTS 24,980,938 N/A 24,980,938 24,980,938
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 160,136 1.8189 88,041 160,136
D2 - FARM & RANCH IMP 789,861 N/A 789,861 789,861
E - NON-AG LAND AND IMPROVEMENTS 89,487,541 N/A 89,487,541 89,487,541
F1 - COMMERCIAL REAL 19,905,843 N/A 19,905,843 19,905,843
F2 - INDUSTRIAL REAL 756,911 N/A 756,911 756,911
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 15,504,273 N/A 15,504,273 15,504,273
L1 - COMMERCIAL PERSONAL 7,825,748 N/A 7,825,748 7,825,748
L2 - INDUSTRIAL PERSONAL 154,173 N/A 154,173 154,173
M1 - MOBILE HOMES 208,087 N/A 208,087 208,087
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 40,503,308 N/A 40,503,308 40,503,308
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 3,274,712,664 3,331,325,102 3,274,712,664
Less Total Deductions 393,987,210 408,868,808 393,987,210
Total Taxable Value 2,880,725,454 2,922,456,294 2,880,725,454

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
2,926,315,837 2,880,725,454 2,926,315,837 2,880,725,454


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
45,590,383 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
2,926,315,837 2,880,725,454 2,926,315,837 2,880,725,454

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