taxes Property Tax Assistance

2020 ISD Summary Worksheet

043-Collin

043-904/Farmersville ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	474,178,228	0.9405	504,176,744	474,178,228
B - MULTIFAMILY	6,198,673	N/A	6,198,673	6,198,673
C1 - VACANT LOTS	26,239,502	N/A	26,239,502	26,239,502
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,920,132	1.5837	2,475,235	3,920,132
D2 - FARM & RANCH IMP	5,816,341	N/A	5,816,341	5,816,341
E - NON-AG LAND AND IMPROVEMENTS	195,963,832	0.9035	216,894,114	195,963,832
F1 - COMMERCIAL REAL	63,299,113	0.8722	72,574,080	63,299,113
F2 - INDUSTRIAL REAL	13,209,815	N/A	13,209,815	13,209,815
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	61,568,749	0.8990	68,485,816	61,568,749
L1 - COMMERCIAL PERSONAL	22,256,976	N/A	22,256,976	22,256,976
L2 - INDUSTRIAL PERSONAL	10,849,494	N/A	10,849,494	10,849,494
M1 - MOBILE HOMES	8,408,109	N/A	8,408,109	8,408,109
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	8,441,400	N/A	8,441,400	8,441,400
S - SPECIAL INVENTORY	986,120	N/A	986,120	986,120
Subtotal	901,336,484	0	967,012,419	901,336,484
Less Total Deductions	134,896,311	0	145,500,339	134,896,311
Total Taxable Value	766,440,173	0	821,512,080	766,440,173

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
784,941,648	766,440,173	784,941,648	766,440,173

Loss To the Additional $10,000 Homestead Exemption	50% of the loss to the Local Optional Percentage Homestead Exemption
18,501,475	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
784,941,648	766,440,173	784,941,648	766,440,173

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE OF THE GRACE PERIOD

043-904-02/Farmersville ISD

Category	Local Tax Roll Value	2020 WTD Mean Ratio	2020 PTAD Value Estimate	2020 Value Assigned
A - SINGLE-FAMILY	474,178,228	0.9405	504,176,744	474,178,228
B - MULTIFAMILY	6,198,673	N/A	6,198,673	6,198,673
C1 - VACANT LOTS	26,239,502	N/A	26,239,502	26,239,502
C2 - COLONIA LOTS	0	N/A	0	0
D1 ACRES - QUALIFIED OPEN-SPACE LAND	3,920,132	1.5837	2,475,235	3,920,132
D2 - FARM & RANCH IMP	5,816,341	N/A	5,816,341	5,816,341
E - NON-AG LAND AND IMPROVEMENTS	195,963,832	0.9035	216,894,114	195,963,832
F1 - COMMERCIAL REAL	63,299,113	0.8722	72,574,080	63,299,113
F2 - INDUSTRIAL REAL	13,209,815	N/A	13,209,815	13,209,815
G - ALL MINERALS	0	N/A	0	0
J - ALL UTILITIES	61,568,749	0.8990	68,485,816	61,568,749
L1 - COMMERCIAL PERSONAL	22,256,976	N/A	22,256,976	22,256,976
L2 - INDUSTRIAL PERSONAL	10,849,494	N/A	10,849,494	10,849,494
M1 - MOBILE HOMES	8,408,109	N/A	8,408,109	8,408,109
N - INTANGIBLE PERSONAL PROPERTY	0	N/A	0	0
O - RESIDENTIAL INVENTORY	8,441,400	N/A	8,441,400	8,441,400
S - SPECIAL INVENTORY	986,120	N/A	986,120	986,120
Subtotal	901,336,484		967,012,419	901,336,484
Less Total Deductions	134,896,311		145,500,339	134,896,311
Total Taxable Value	766,440,173		821,512,080	766,440,173

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
784,941,648	766,440,173	784,941,648	766,440,173

Loss To the Additional $10,000 Homestead Exemption	50 % of the loss to the Local Optional Percentage Homestead Exemption
18,501,475	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
784,941,648	766,440,173	784,941,648	766,440,173

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