taxes Property Tax Assistance

2017 ISD Summary Worksheet

043/Collin

043-911/Princeton ISD


Category Local Tax Roll Value 2017 WTD Mean Ratio 2017 PTAD Value Estimate 2017 Value Assigned
A. Single-Family Residences 821,585,094 N/A 821,585,094 821,585,094
B. Multi-Family Residences 25,484,832 N/A 25,484,832 25,484,832
C1. Vacant Lots 21,891,801 N/A 21,891,801 21,891,801
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,287,779 N/A 2,287,779 2,287,779
D2. Real Prop Farm & Ranch 2,048,602 N/A 2,048,602 2,048,602
E. Real Prop NonQual Acres 107,715,890 N/A 107,715,890 107,715,890
F1. Commercial Real 69,178,979 N/A 69,178,979 69,178,979
F2. Industrial Real 12,281,465 N/A 12,281,465 12,281,465
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 16,037,808 N/A 16,037,808 16,037,808
L1. Commercial Personal 33,993,805 N/A 33,993,805 33,993,805
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 12,297,064 N/A 12,297,064 12,297,064
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 17,660,448 N/A 17,660,448 17,660,448
S. Special Inventory 351,676 N/A 351,676 351,676
Subtotal 1,142,815,243 1,142,815,243 1,142,815,243
Less Total Deductions 192,460,105   192,460,105 192,460,105
Total Taxable Value 950,355,138 950,355,138 950,355,138 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
983,206,307 950,355,138 983,206,307 950,355,138


Loss To
the Additional
$10,000 Homestead
Exemption 		50% of the loss
to the Local Optional
Percentage Homestead
Exemption
32,851,169 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
983,206,307 950,355,138 983,206,307 950,355,138

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