taxes Property Tax Assistance

2021 ISD Summary Worksheet

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 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
3,145,505,077 3,099,539,061 3,145,505,077 3,099,539,061


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
45,966,016 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
3,145,505,077 3,099,539,061 3,145,505,077 3,099,539,061

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 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 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
3,145,505,077 3,099,539,061 3,145,505,077 3,099,539,061


Loss To
the Additional
$10,000 Homestead
Exemption 		50 % of the loss
to the Local Optional
Percentage Homestead
Exemption
45,966,016 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
3,145,505,077 3,099,539,061 3,145,505,077 3,099,539,061

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