taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

043/Collin

043-904/Farmersville ISD


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 201,986,014 .9533 211,880,850 201,986,014
B. Multi-Family Residences 2,157,247 N/A 2,157,247 2,157,247
C1. Vacant Lots 17,212,269 N/A 17,212,269 17,212,269
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,148,137 1.3268 3,126,359 4,148,137
D2. Real Prop Farm & Ranch 3,127,179 N/A 3,127,179 3,127,179
E. Real Prop NonQual Acres 79,729,988 .9780 81,523,505 79,729,988
F1. Commercial Real 25,960,208 .9843 26,374,284 25,960,208
F2. Industrial Real 18,203,978 N/A 18,203,978 18,203,978
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 23,731,036 .9488 25,011,632 23,731,036
L1. Commercial Personal 24,194,427 N/A 24,194,427 24,194,427
L2. Industrial Personal 7,265,345 N/A 7,265,345 7,265,345
M. Other Personal 2,311,111 N/A 2,311,111 2,311,111
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 3,586,507 N/A 3,586,507 3,586,507
S. Special Inventory 1,005,663 N/A 1,005,663 1,005,663
Subtotal 414,619,109 426,980,356 414,619,109
Less Total Deductions 47,854,496   51,028,064 47,854,496
Total Taxable Value 366,764,613 375,952,292 366,764,613 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
383,187,596 366,764,613 383,187,596 366,764,613 369,769,865 369,769,865


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
16,422,983 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
383,187,596 366,764,613 383,187,596 366,764,613 369,769,865 369,769,865

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