taxes Property Tax

School and Appraisal Districts Property Value Study 2012 Report

2012 ISD Summary Worksheet

043/Collin

043-911/Princeton ISD


Category Local Tax Roll Value 2012 WTD Mean Ratio 2012 PTAD Value Estimate 2012 Value Assigned
A. Single-Family Residences 388,967,733 .9968 390,216,426 388,967,733
B. Multi-Family Residences 10,357,459 N/A 10,357,459 10,357,459
C. Vacant Lots 15,596,823 N/A 15,596,823 15,596,823
D. Rural Real(Taxable) 61,520,496 .9707 63,377,075 61,520,496
F1. Commercial Real 32,163,031 .8809 36,511,557 32,163,031
F2. Industrial Real 9,187,204 N/A 9,187,204 9,187,204
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 12,262,856 N/A 12,262,856 12,262,856
L1. Commercial Personal 14,109,993 N/A 14,109,993 14,109,993
L2. Industrial Personal 260,839 N/A 260,839 260,839
M. Other Personal 8,612,978 N/A 8,612,978 8,612,978
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 7,034,244 N/A 7,034,244 7,034,244
S. Special Inventory 296,807 N/A 296,807 296,807
Subtotal 560,370,463 567,824,261 560,370,463
Less Total Deductions 64,680,399   64,894,714 64,680,399
Total Taxable Value 495,690,064 502,929,547 495,690,064 T2

Category D Detail Local Tax Roll Ratio PTAD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 58,942,337 .9641 61,137,161
Prod Value Qualified Acres 2,578,159 1.1510 2,239,914
Taxable Value 61,520,496   63,377,075

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
525,696,178 495,690,064 525,696,178 495,690,064 498,953,172 498,953,172


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
30,006,114 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
525,696,178 495,690,064 525,696,178 495,690,064 498,953,172 498,953,172

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