taxes Property Tax Assistance

2016 ISD Summary Worksheet

043/Collin

043-911/Princeton ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 629,645,153 .9550 659,314,296 629,645,153
B. Multi-Family Residences 22,556,123 N/A 22,556,123 22,556,123
C1. Vacant Lots 15,222,977 N/A 15,222,977 15,222,977
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,392,073 1.1652 2,052,847 2,392,073
D2. Real Prop Farm & Ranch 1,703,431 N/A 1,703,431 1,703,431
E. Real Prop NonQual Acres 87,153,563 .9532 91,432,609 87,153,563
F1. Commercial Real 56,647,807 .9134 62,018,619 56,647,807
F2. Industrial Real 10,724,214 N/A 10,724,214 10,724,214
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 15,065,508 N/A 15,065,508 15,065,508
L1. Commercial Personal 24,018,567 N/A 24,018,567 24,018,567
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 8,400,990 N/A 8,400,990 8,400,990
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 13,609,788 N/A 13,609,788 13,609,788
S. Special Inventory 352,722 N/A 352,722 352,722
Subtotal 887,492,916 926,472,691 887,492,916
Less Total Deductions 144,289,991   150,225,991 144,289,991
Total Taxable Value 743,202,925 776,246,700 743,202,925 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
774,095,541 743,202,925 774,095,541 743,202,925


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
30,892,616 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
774,095,541 743,202,925 774,095,541 743,202,925

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