taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

061/Denton

061-914/Little Elm ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 2,147,247,714 N/A 2,147,247,714 2,147,247,714
B. Multi-Family Residences 22,191,195 N/A 22,191,195 22,191,195
C1. Vacant Lots 94,467,083 N/A 94,467,083 94,467,083
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 300,319 N/A 300,319 300,319
D2. Real Prop Farm & Ranch 1,257,737 N/A 1,257,737 1,257,737
E. Real Prop NonQual Acres 59,096,298 N/A 59,096,298 59,096,298
F1. Commercial Real 147,716,306 N/A 147,716,306 147,716,306
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 21,089,510 N/A 21,089,510 21,089,510
L1. Commercial Personal 39,267,735 N/A 39,267,735 39,267,735
L2. Industrial Personal 9,816,155 N/A 9,816,155 9,816,155
M. Other Personal 7,091,799 N/A 7,091,799 7,091,799
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 22,504,570 N/A 22,504,570 22,504,570
S. Special Inventory 117,905 N/A 117,905 117,905
Subtotal 2,572,164,326 2,572,164,326 2,572,164,326
Less Total Deductions 216,839,265   216,839,265 216,839,265
Total Taxable Value 2,355,325,061 2,355,325,061 2,355,325,061 T2

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
2,429,930,000 2,355,325,061 2,429,930,000 2,355,325,061 2,359,633,632 2,359,633,632


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
74,604,939 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
2,429,930,000 2,355,325,061 2,429,930,000 2,355,325,061 2,359,633,632 2,359,633,632

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