taxes Property Tax Assistance

2016 ISD Summary Worksheet

043/Collin

043-904/Farmersville ISD


Category Local Tax Roll Value 2016 WTD Mean Ratio 2016 PTAD Value Estimate 2016 Value Assigned
A. Single-Family Residences 288,089,535 .9839 292,803,674 288,089,535
B. Multi-Family Residences 2,598,077 N/A 2,598,077 2,598,077
C1. Vacant Lots 16,291,088 N/A 16,291,088 16,291,088
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 4,091,571 1.3719 2,982,417 4,091,571
D2. Real Prop Farm & Ranch 3,668,021 N/A 3,668,021 3,668,021
E. Real Prop NonQual Acres 114,669,083 1.0148 112,996,731 114,669,083
F1. Commercial Real 33,937,479 .9455 35,893,685 33,937,479
F2. Industrial Real 19,721,155 N/A 19,721,155 19,721,155
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 36,736,247 .9188 39,982,855 36,736,247
L1. Commercial Personal 20,494,270 N/A 20,494,270 20,494,270
L2. Industrial Personal 11,258,316 N/A 11,258,316 11,258,316
M. Other Personal 2,821,164 N/A 2,821,164 2,821,164
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 2,869,026 N/A 2,869,026 2,869,026
S. Special Inventory 1,094,302 N/A 1,094,302 1,094,302
Subtotal 558,339,334 565,474,781 558,339,334
Less Total Deductions 112,439,498   114,294,828 112,439,498
Total Taxable Value 445,899,836 451,179,953 445,899,836 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
462,618,472 445,899,836 462,618,472 445,899,836


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
16,718,636 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
462,618,472 445,899,836 462,618,472 445,899,836

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