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2023 ISD Summary Worksheet
Lovejoy ISD (all splits) Collin County
043-Collin/Collin County
043-919/Lovejoy ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 5,072,671,277 | 0.9607 | 5,280,182,447 | 5,072,671,277 |
| B - MULTIFAMILY | 46,796,117 | N/A | 46,796,117 | 46,796,117 |
| C1 - VACANT LOTS | 47,972,557 | N/A | 47,972,557 | 47,972,557 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 142,734 | 1.5209 | 93,849 | 142,734 |
| D2 - FARM & RANCH IMP | 1,015,058 | N/A | 1,015,058 | 1,015,058 |
| E - NON-AG LAND AND IMPROVEMENTS | 115,308,007 | N/A | 115,308,007 | 115,308,007 |
| F1 - COMMERCIAL REAL | 22,883,715 | N/A | 22,883,715 | 22,883,715 |
| F2 - INDUSTRIAL REAL | 1,235,177 | N/A | 1,235,177 | 1,235,177 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 19,196,784 | N/A | 19,196,784 | 19,196,784 |
| L1 - COMMERCIAL PERSONAL | 8,999,811 | N/A | 8,999,811 | 8,999,811 |
| L2 - INDUSTRIAL PERSONAL | 606,100 | N/A | 606,100 | 606,100 |
| M1 - MOBILE HOMES | 706,040 | N/A | 706,040 | 706,040 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 27,658,733 | N/A | 27,658,733 | 27,658,733 |
| S - SPECIAL INVENTORY | 0 | N/A | 0 | 0 |
| Subtotal | 5,365,192,110 | 0 | 5,572,654,395 | 5,365,192,110 |
| Less Total Deductions | 1,776,213,194 | 0 | 1,852,731,234 | 1,776,213,194 |
| Total Taxable Value | 3,588,978,916 | 0 | 3,719,923,161 | 3,588,978,916 |
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 | 3,871,377,762 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 3,588,978,916 | 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 | 3,871,377,762 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 3,588,978,916 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 3,943,182,762 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 3,991,052,762 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 3,810,576,133 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 3,871,377,762 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 3,588,978,916 | 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 | 3,871,377,762 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 3,588,978,916 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 3,943,182,762 | T13 plus the loss to the chapter 313 agreement |
| T16 | 3,991,052,762 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 3,810,576,133 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 282,398,846 | 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 | 71,805,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 47,870,000 | Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE VALID AS A RESULT OF THE SDPVS, AND LOCAL VALUE WAS CERTIFIED
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043-919-02/Lovejoy ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 5,072,671,277 | 0.9607 | 5,280,182,447 | 5,072,671,277 |
| B - MULTIFAMILY | 46,796,117 | N/A | 46,796,117 | 46,796,117 |
| C1 - VACANT LOTS | 47,972,557 | N/A | 47,972,557 | 47,972,557 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 142,734 | 1.5209 | 93,849 | 142,734 |
| D2 - FARM & RANCH IMP | 1,015,058 | N/A | 1,015,058 | 1,015,058 |
| E - NON-AG LAND AND IMPROVEMENTS | 115,308,007 | N/A | 115,308,007 | 115,308,007 |
| F1 - COMMERCIAL REAL | 22,883,715 | N/A | 22,883,715 | 22,883,715 |
| F2 - INDUSTRIAL REAL | 1,235,177 | N/A | 1,235,177 | 1,235,177 |
| G - ALL MINERALS | 0 | N/A | 0 | 0 |
| J - ALL UTILITIES | 19,196,784 | N/A | 19,196,784 | 19,196,784 |
| L1 - COMMERCIAL PERSONAL | 8,999,811 | N/A | 8,999,811 | 8,999,811 |
| L2 - INDUSTRIAL PERSONAL | 606,100 | N/A | 606,100 | 606,100 |
| M1 - MOBILE HOMES | 706,040 | N/A | 706,040 | 706,040 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 27,658,733 | N/A | 27,658,733 | 27,658,733 |
| S - SPECIAL INVENTORY | 0 | N/A | 0 | 0 |
| Subtotal | 5,365,192,110 | 5,572,654,395 | 5,365,192,110 | |
| Less Total Deductions | 1,776,213,194 | 1,852,731,234 | 1,776,213,194 | |
| Total Taxable Value | 3,588,978,916 | 3,719,923,161 | 3,588,978,916 |
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 | 3,871,377,762 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 3,588,978,916 | 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 | 3,871,377,762 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 3,588,978,916 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 3,943,182,762 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 3,991,052,762 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 3,810,576,133 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 3,871,377,762 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 3,588,978,916 | 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 | 3,871,377,762 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 3,588,978,916 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 3,943,182,762 | T13 plus the loss to the chapter 313 agreement |
| T16 | 3,991,052,762 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 3,810,576,133 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 282,398,846 | 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 | 71,805,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 47,870,000 | Loss to Second Previous Homestead Increase |
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