taxes Property Tax Assistance

2022 ISD Summary Worksheet

043-Collin/Collin County

043-919/Lovejoy ISD

Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 4,354,650,068 0.9457 4,604,684,433 4,354,650,068
B - MULTIFAMILY 42,080,125 N/A 42,080,125 42,080,125
C1 - VACANT LOTS 43,750,261 N/A 43,750,261 43,750,261
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 134,247 0.9931 135,179 134,247
D2 - FARM & RANCH IMP 1,039,503 N/A 1,039,503 1,039,503
E - NON-AG LAND AND IMPROVEMENTS 117,137,390 N/A 117,137,390 117,137,390
F1 - COMMERCIAL REAL 20,537,534 N/A 20,537,534 20,537,534
F2 - INDUSTRIAL REAL 1,044,473 N/A 1,044,473 1,044,473
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 15,866,569 N/A 15,866,569 15,866,569
L1 - COMMERCIAL PERSONAL 8,314,585 N/A 8,314,585 8,314,585
L2 - INDUSTRIAL PERSONAL 1,216,937 N/A 1,216,937 1,216,937
M1 - MOBILE HOMES 291,702 N/A 291,702 291,702
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 23,289,483 N/A 23,289,483 23,289,483
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 4,629,352,877 0 4,879,388,174 4,629,352,877
Less Total Deductions 1,059,500,363 0 1,147,500,824 1,059,500,363
Total Taxable Value 3,569,852,514 0 3,731,887,350 3,569,852,514

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

Measure Value Description
T1 3,638,761,906 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 3,569,852,514 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction
T3 3,638,761,906 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 3,569,852,514 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 3,685,661,906 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 3,638,761,906 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 3,569,852,514 School district taxable value for i&s purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction
T9 3,638,761,906 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 3,569,852,514 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 3,685,661,906 T13 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 68,909,392 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 46,900,000 Loss to the previous increase in the state-mandated homestead

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

043-919-02/Lovejoy ISD



Category Local Tax Roll Value 2022 WTD Mean Ratio 2022 PTAD Value Estimate 2022 Value Assigned
A - SINGLE-FAMILY 4,354,650,068 0.9457 4,604,684,433 4,354,650,068
B - MULTIFAMILY 42,080,125 N/A 42,080,125 42,080,125
C1 - VACANT LOTS 43,750,261 N/A 43,750,261 43,750,261
C2 - COLONIA LOTS 0 N/A 0 0
D1 ACRES - QUALIFIED OPEN-SPACE LAND 134,247 0.9931 135,179 134,247
D2 - FARM & RANCH IMP 1,039,503 N/A 1,039,503 1,039,503
E - NON-AG LAND AND IMPROVEMENTS 117,137,390 N/A 117,137,390 117,137,390
F1 - COMMERCIAL REAL 20,537,534 N/A 20,537,534 20,537,534
F2 - INDUSTRIAL REAL 1,044,473 N/A 1,044,473 1,044,473
G - ALL MINERALS 0 N/A 0 0
J - ALL UTILITIES 15,866,569 N/A 15,866,569 15,866,569
L1 - COMMERCIAL PERSONAL 8,314,585 N/A 8,314,585 8,314,585
L2 - INDUSTRIAL PERSONAL 1,216,937 N/A 1,216,937 1,216,937
M1 - MOBILE HOMES 291,702 N/A 291,702 291,702
N - INTANGIBLE PERSONAL PROPERTY 0 N/A 0 0
O - RESIDENTIAL INVENTORY 23,289,483 N/A 23,289,483 23,289,483
S - SPECIAL INVENTORY 0 N/A 0 0
Subtotal 4,629,352,877 4,879,388,174 4,629,352,877
Less Total Deductions 1,059,500,363 1,147,500,824 1,059,500,363
Total Taxable Value 3,569,852,514 3,731,887,350 3,569,852,514

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

Measure Value Description
T1 3,638,761,906 School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption
T2 3,569,852,514 School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction
T3 3,638,761,906 T1 minus 50% of the loss to the local optional percentage homestead exemption
T4 3,569,852,514 T2 minus 50% of the loss to the local optional percentage homestead exemption
T13 3,685,661,906 T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions

VALUE TAXABLE FOR I&S PURPOSES

Measure Value Description
T7 3,638,761,906 School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption
T8 3,569,852,514 School district taxable value for i&s purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction
T9 3,638,761,906 T7 minus 50% of the loss to the local optional percentage homestead exemption
T10 3,569,852,514 T8 minus 50% of the loss to the local optional percentage homestead exemption
T14 3,685,661,906 T13 plus the loss to the chapter 313 agreement

MISCELLANEOUS LOSS AMOUNTS

Measure Value Description
LOSS_INCR_HMSTD 68,909,392 Loss to the increase in the state-mandated homestead
LOSS_LOCL_HMSTD 0 50% of the loss to the local optional percentage homestead exemption
LOSS_PREV_INCR_HMSTD 46,900,000 Loss to the previous increase in the state-mandated homestead