taxes Property Tax Assistance

2018 ISD Summary Worksheet

043/Collin

043-919/Lovejoy ISD


Category Local Tax Roll Value 2018 WTD Mean Ratio 2018 PTAD Value Estimate 2018 Value Assigned
A. Single-Family Residences 2,783,388,936 .9544 2,916,375,666 2,783,388,936
B. Multi-Family Residences 33,803,891 N/A 33,803,891 33,803,891
C1. Vacant Lots 30,583,737 N/A 30,583,737 30,583,737
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 167,370 1.7095 97,905 167,370
D2. Real Prop Farm & Ranch 837,023 N/A 837,023 837,023
E. Real Prop NonQual Acres 80,688,945 N/A 80,688,945 80,688,945
F1. Commercial Real 10,732,246 N/A 10,732,246 10,732,246
F2. Industrial Real 1,856,138 N/A 1,856,138 1,856,138
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 13,736,154 N/A 13,736,154 13,736,154
L1. Commercial Personal 8,376,181 N/A 8,376,181 8,376,181
L2. Industrial Personal 196,283 N/A 196,283 196,283
M. Other Personal 104,827 N/A 104,827 104,827
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 51,810,023 N/A 51,810,023 51,810,023
S. Special Inventory 0 N/A 0 0
Subtotal 3,016,281,754 3,149,199,019 3,016,281,754
Less Total Deductions 419,720,381   454,451,918 419,720,381
Total Taxable Value 2,596,561,373 2,694,747,101 2,596,561,373 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
2,641,010,506 2,596,561,373 2,641,010,506 2,596,561,373


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
44,449,133 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
2,641,010,506 2,596,561,373 2,641,010,506 2,596,561,373

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