taxes Property Tax

School and Appraisal Districts Property Value Study 2012 Report

2012 ISD Summary Worksheet

043/Collin

043-904/Farmersville ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 188,403,704 1.0158 185,473,227 188,403,704
B. Multi-Family Residences 2,306,457 N/A 2,306,457 2,306,457
C. Vacant Lots 14,540,798 N/A 14,540,798 14,540,798
D. Rural Real(Taxable) 75,478,646 .8488 88,919,455 75,478,646
F1. Commercial Real 24,768,819 .9599 25,803,541 24,768,819
F2. Industrial Real 17,745,666 N/A 17,745,666 17,745,666
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 17,681,430 .8692 20,342,188 17,681,430
L1. Commercial Personal 16,368,934 N/A 16,368,934 16,368,934
L2. Industrial Personal 5,719,205 N/A 5,719,205 5,719,205
M. Other Personal 3,134,734 N/A 3,134,734 3,134,734
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 3,515,193 N/A 3,515,193 3,515,193
S. Special Inventory 938,492 N/A 938,492 938,492
Subtotal 370,602,078 384,807,890 370,602,078
Less Total Deductions 43,070,444   42,230,715 43,070,444
Total Taxable Value 327,531,634 342,577,175 327,531,634 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 71,276,926 .8312 85,751,836
Prod Value Qualified Acres 4,201,720 1.3265 3,167,619
Taxable Value 75,478,646   88,919,455

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 T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
344,344,546 327,531,634 344,344,546 327,531,634 330,990,466 330,990,466


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
16,812,912 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

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
344,344,546 327,531,634 344,344,546 327,531,634 330,990,466 330,990,466

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

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 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