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2009 ISD Summary Worksheet

043/Collin

043-919/Lovejoy ISD

Category Local Tax Roll Value 2009 WTD Mean Ratio 2009 PTD Value Estimate 2009 Value Assigned
A. Single-Family Residences 1,498,962,501 .9758 1,536,137,017 1,498,962,501
B. Multi-Family Residences 0 N/A 0 0
C. Vacant Lots 24,621,307 N/A 24,621,307 24,621,307
D. Rural Real(Taxable) 43,180,954 1.0007 43,151,592 43,180,954
F1. Commercial Real 3,450,474 N/A 3,450,474 3,450,474
F2. Industrial Real 3,397,240 N/A 3,397,240 3,397,240
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 5,901,102 N/A 5,901,102 5,901,102
L1. Commercial Personal 4,411,062 N/A 4,411,062 4,411,062
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 107,051 N/A 107,051 107,051
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 33,971,790 N/A 33,971,790 33,971,790
S. Special Inventory 5,750 N/A 5,750 5,750
Subtotal 1,618,009,231 1,655,154,385 1,618,009,231
Less Total Deductions 144,105,102   151,813,399 144,105,102
Total Taxable Value 1,473,904,129 1,503,340,986 1,473,904,129 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 42,899,144 N/A 42,899,144
Prod Value Qualified Acres 281,810 1.1163 252,448
Taxable Value 43,180,954   43,151,592

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
1,512,799,129 1,473,904,129 1,512,799,129 1,473,904,129 1,490,645,823 1,490,645,823


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
To the Local Optional
Percentage Homestead
Exemption
38,895,000 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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