taxes Property Tax Assistance

2017 ISD Summary Worksheet

043/Collin

043-919/Lovejoy ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 2,567,503,113 N/A 2,567,503,113 2,567,503,113
B. Multi-Family Residences 30,348,739 N/A 30,348,739 30,348,739
C1. Vacant Lots 30,010,419 N/A 30,010,419 30,010,419
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 178,059 N/A 178,059 178,059
D2. Real Prop Farm & Ranch 865,561 N/A 865,561 865,561
E. Real Prop NonQual Acres 81,916,054 N/A 81,916,054 81,916,054
F1. Commercial Real 8,753,967 N/A 8,753,967 8,753,967
F2. Industrial Real 1,825,914 N/A 1,825,914 1,825,914
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 10,270,524 N/A 10,270,524 10,270,524
L1. Commercial Personal 7,237,872 N/A 7,237,872 7,237,872
L2. Industrial Personal 212,757 N/A 212,757 212,757
M. Other Personal 162,339 N/A 162,339 162,339
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 59,010,013 N/A 59,010,013 59,010,013
S. Special Inventory 0 N/A 0 0
Subtotal 2,798,295,331 2,798,295,331 2,798,295,331
Less Total Deductions 423,458,689   423,458,689 423,458,689
Total Taxable Value 2,374,836,642 2,374,836,642 2,374,836,642 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
2,418,480,943 2,374,836,642 2,418,480,943 2,374,836,642


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
43,644,301 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
2,418,480,943 2,374,836,642 2,418,480,943 2,374,836,642

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