taxes Property Tax Assistance

2017 ISD Summary Worksheet

043/Collin

043-904/Farmersville ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 331,610,689 N/A 331,610,689 331,610,689
B. Multi-Family Residences 3,208,901 N/A 3,208,901 3,208,901
C1. Vacant Lots 20,273,564 N/A 20,273,564 20,273,564
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,047,437 N/A 4,047,437 4,047,437
D2. Real Prop Farm & Ranch 3,961,220 N/A 3,961,220 3,961,220
E. Real Prop NonQual Acres 136,525,204 N/A 136,525,204 136,525,204
F1. Commercial Real 37,735,214 N/A 37,735,214 37,735,214
F2. Industrial Real 22,931,014 N/A 22,931,014 22,931,014
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 38,289,169 N/A 38,289,169 38,289,169
L1. Commercial Personal 20,282,357 N/A 20,282,357 20,282,357
L2. Industrial Personal 12,598,816 N/A 12,598,816 12,598,816
M. Other Personal 4,242,070 N/A 4,242,070 4,242,070
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 1,469,946 N/A 1,469,946 1,469,946
S. Special Inventory 1,268,544 N/A 1,268,544 1,268,544
Subtotal 638,444,145 638,444,145 638,444,145
Less Total Deductions 121,301,268   121,301,268 121,301,268
Total Taxable Value 517,142,877 517,142,877 517,142,877 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
534,350,676 517,142,877 534,350,676 517,142,877


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
17,207,799 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
534,350,676 517,142,877 534,350,676 517,142,877

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