taxes Property Tax Assistance

2016 ISD Summary Worksheet

061/Denton

061-914/Little Elm ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 3,077,808,860 N/A 3,077,808,860 3,077,808,860
B. Multi-Family Residences 27,382,195 N/A 27,382,195 27,382,195
C1. Vacant Lots 115,593,391 N/A 115,593,391 115,593,391
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 241,919 N/A 241,919 241,919
D2. Real Prop Farm & Ranch 1,385,302 N/A 1,385,302 1,385,302
E. Real Prop NonQual Acres 59,579,604 N/A 59,579,604 59,579,604
F1. Commercial Real 172,929,447 N/A 172,929,447 172,929,447
F2. Industrial Real 0 N/A 0 0
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 29,374,524 N/A 29,374,524 29,374,524
L1. Commercial Personal 44,032,259 N/A 44,032,259 44,032,259
L2. Industrial Personal 10,419,521 N/A 10,419,521 10,419,521
M. Other Personal 9,421,442 N/A 9,421,442 9,421,442
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 63,921,488 N/A 63,921,488 63,921,488
S. Special Inventory 88,199 N/A 88,199 88,199
Subtotal 3,612,178,151 3,612,178,151 3,612,178,151
Less Total Deductions 435,746,256   435,746,256 435,746,256
Total Taxable Value 3,176,431,895 3,176,431,895 3,176,431,895 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
3,261,071,095 3,176,431,895 3,261,071,095 3,176,431,895


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
84,639,200 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
3,261,071,095 3,176,431,895 3,261,071,095 3,176,431,895

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