taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

043/Collin

043-911/Princeton ISD


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 547,989,512 N/A 547,989,512 547,989,512
B. Multi-Family Residences 18,173,647 N/A 18,173,647 18,173,647
C1. Vacant Lots 14,958,453 N/A 14,958,453 14,958,453
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,427,333 N/A 2,427,333 2,427,333
D2. Real Prop Farm & Ranch 1,758,641 N/A 1,758,641 1,758,641
E. Real Prop NonQual Acres 78,888,874 N/A 78,888,874 78,888,874
F1. Commercial Real 40,892,489 N/A 40,892,489 40,892,489
F2. Industrial Real 9,400,802 N/A 9,400,802 9,400,802
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 14,220,928 N/A 14,220,928 14,220,928
L1. Commercial Personal 20,916,739 N/A 20,916,739 20,916,739
L2. Industrial Personal 247,358 N/A 247,358 247,358
M. Other Personal 8,179,220 N/A 8,179,220 8,179,220
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 7,818,941 N/A 7,818,941 7,818,941
S. Special Inventory 423,335 N/A 423,335 423,335
Subtotal 766,296,272 766,296,272 766,296,272
Less Total Deductions 127,769,552   127,769,552 127,769,552
Total Taxable Value 638,526,720 638,526,720 638,526,720 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 T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
668,057,497 638,526,720 668,057,497 638,526,720


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
29,530,777 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

Value Taxable For I&S Purposes

T7 T8 T9 T10
668,057,497 638,526,720 668,057,497 638,526,720

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

The PVS found your local value to be valid, and local value was certified