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2008 ISD Summary Worksheet

043/Collin

043-919/Lovejoy ISD

Category Local Tax Roll Value 2008 WTD Mean Ratio 2008 PTD Value Estimate 2008 Value Assigned
A. Single-Family Residences 1,447,434,194 .9781 1,479,842,750 1,447,434,194
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 20,828,684 N/A 20,828,684 20,828,684
D. Rural Real(Taxable) 49,788,872 1.0605 46,948,102 49,788,872
F1. Commercial Real 3,441,035 N/A 3,441,035 3,441,035
F2. Industrial Real 3,246,025 N/A 3,246,025 3,246,025
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 6,203,109 N/A 6,203,109 6,203,109
L1. Commercial Personal 4,050,897 N/A 4,050,897 4,050,897
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 96,826 N/A 96,826 96,826
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 39,592,593 N/A 39,592,593 39,592,593
S. Special Inventory 0 N/A 0 0
Subtotal 1,574,682,235 1,604,250,021 1,574,682,235
Less Total Deductions 146,151,001   152,642,709 146,151,001
Total Taxable Value 1,428,531,234 1,451,607,312 1,428,531,234 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 49,509,802 1.0605 46,685,339
Prod Value Qualified Acres 279,070 1.0621 262,763
Taxable Value 49,788,872   46,948,102

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 (T1, T3, T4, T5 and T6) in addition to the traditional measure (T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the Division Of State Funding at the Texas Education Agency, Telephone #512-463-9238.

T1 T2 T3 T4 T5 T6
1,466,401,234 1,428,531,234 1,466,401,234 1,428,531,234 1,460,186,680 1,460,186,680


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
37,870,000 0


T1 = School district taxable value before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value 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

T5 = T2 Before the loss to the tax ceiling reduction

T6 = T5 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

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