taxes Property Tax Assistance

2018 ISD Summary Worksheet

043/Collin

043-911/Princeton ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 1,026,538,988 .9699 1,058,396,730 1,026,538,988
B. Multi-Family Residences 33,441,834 N/A 33,441,834 33,441,834
C1. Vacant Lots 20,884,476 N/A 20,884,476 20,884,476
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,141,281 1.2776 1,676,053 2,141,281
D2. Real Prop Farm & Ranch 2,254,977 N/A 2,254,977 2,254,977
E. Real Prop NonQual Acres 139,667,727 .9961 140,214,564 139,667,727
F1. Commercial Real 84,191,632 .8613 97,749,486 84,191,632
F2. Industrial Real 14,021,584 N/A 14,021,584 14,021,584
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 18,224,075 N/A 18,224,075 18,224,075
L1. Commercial Personal 36,475,593 N/A 36,475,593 36,475,593
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 12,711,070 N/A 12,711,070 12,711,070
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 38,857,918 N/A 38,857,918 38,857,918
S. Special Inventory 180,504 N/A 180,504 180,504
Subtotal 1,429,591,659 1,475,088,864 1,429,591,659
Less Total Deductions 230,280,640   237,118,118 230,280,640
Total Taxable Value 1,199,311,019 1,237,970,746 1,199,311,019 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
1,234,933,151 1,199,311,019 1,234,933,151 1,199,311,019


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
35,622,132 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
1,234,933,151 1,199,311,019 1,234,933,151 1,199,311,019

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