taxes Property Tax Assistance

2021 ISD Summary Worksheet

Lovejoy ISD (all splits)   Collin County  

043-Collin/Collin County

043-919/Lovejoy ISD

Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 3,308,939,601 N/A 3,308,939,601 3,308,939,601
B - MULTIFAMILY 34,511,596 N/A 34,511,596 34,511,596
C1 - VACANT LOTS 35,804,399 N/A 35,804,399 35,804,399
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 155,031 N/A 155,031 155,031
D2 - FARM & RANCH IMP 803,356 N/A 803,356 803,356
E - NON-AG LAND AND IMPROVEMENTS 80,753,631 N/A 80,753,631 80,753,631
F1 - COMMERCIAL REAL 20,543,963 N/A 20,543,963 20,543,963
F2 - INDUSTRIAL REAL 849,865 N/A 849,865 849,865
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 15,567,480 N/A 15,567,480 15,567,480
L1 - COMMERCIAL PERSONAL 6,512,072 N/A 6,512,072 6,512,072
L2 - INDUSTRIAL PERSONAL 251,243 N/A 251,243 251,243
M1 - MOBILE HOMES 247,050 N/A 247,050 247,050
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 26,451,991 N/A 26,451,991 26,451,991
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 3,531,391,278 0 3,531,391,278 3,531,391,278
Less Total Deductions 431,852,217 0 431,852,217 431,852,217
Total Taxable Value 3,099,539,061 0 3,099,539,061 3,099,539,061

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's office 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 school 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

Measure Value Description
T1 3,145,505,077 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 3,099,539,061 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 3,145,505,077 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 3,099,539,061 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 3,145,505,077 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 3,099,539,061 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 3,145,505,077 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 3,099,539,061 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 45,966,016 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

THE SDPVS FOUND YOUR LOCAL VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.


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043-919-02/Lovejoy ISD



Category Local Tax Roll Value 2021 WTD Mean Ratio 2021 PTAD Value Estimate 2021 Value Assigned
A - SINGLE-FAMILY 3,308,939,601 N/A 3,308,939,601 3,308,939,601
B - MULTIFAMILY 34,511,596 N/A 34,511,596 34,511,596
C1 - VACANT LOTS 35,804,399 N/A 35,804,399 35,804,399
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 155,031 N/A 155,031 155,031
D2 - FARM & RANCH IMP 803,356 N/A 803,356 803,356
E - NON-AG LAND AND IMPROVEMENTS 80,753,631 N/A 80,753,631 80,753,631
F1 - COMMERCIAL REAL 20,543,963 N/A 20,543,963 20,543,963
F2 - INDUSTRIAL REAL 849,865 N/A 849,865 849,865
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 15,567,480 N/A 15,567,480 15,567,480
L1 - COMMERCIAL PERSONAL 6,512,072 N/A 6,512,072 6,512,072
L2 - INDUSTRIAL PERSONAL 251,243 N/A 251,243 251,243
M1 - MOBILE HOMES 247,050 N/A 247,050 247,050
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 26,451,991 N/A 26,451,991 26,451,991
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 3,531,391,278 3,531,391,278 3,531,391,278
Less Total Deductions 431,852,217 431,852,217 431,852,217
Total Taxable Value 3,099,539,061 3,099,539,061 3,099,539,061

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's office 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 school 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

Measure Value Description
T1 3,145,505,077 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 3,099,539,061 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption
T3 3,145,505,077 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 3,099,539,061 T2 minus 50% of the loss to the local optional percentage homestead exemption

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 3,145,505,077 School district taxable value for I&S purposes before the loss to the increase in the state-mandated homestead exemption
T8 3,099,539,061 School district taxable value for I&S purposes after the loss to the increase in the state-mandated homestead exemption
T9 3,145,505,077 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 3,099,539,061 T8 minus 50% of the loss to the local optional percentage homestead exemption

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 45,966,016 Loss to the most recent increase in the state-mandated homestead exemption
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption

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