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Lewisville ISD tax roll lists $61.5 billion in taxable value and a $622.5 million levy for trustees to accept

The Denton County Tax Office summary going to the board Tuesday also shows $19 billion in exemptions and $40.1 million in levy the district gives up on frozen accounts; trustees will also hire academic auditors.

Jubal Vargas

October 12, 20262 min read

Lewisville ISD's property tax bills for 2026 are expected to raise about $622.5 million, according to the tax roll trustees are scheduled to approve when the board meets at 6 p.m. Tuesday, Oct. 13.

State law requires the board to sign off on the roll, which the Denton County Tax Office assembles from values set by the Denton Central Appraisal District and the Tarrant Appraisal District, multiplied by the tax rate of $1.0778 per $100 that trustees approved Aug. 27. The resolution is on the consent agenda.

District staff note the levy figure is an estimate of local maintenance and debt taxes and leaves out state funding.

From market value to taxable value

The tax office summary, dated Oct. 2, counts 108,997 accounts with a combined market value of about $81.1 billion. Exemptions and agricultural deferrals remove about $19.6 billion, leaving roughly $61.5 billion that can be taxed.

The biggest reductions on the list:

  • General homestead exemptions: about $9.15 billion across 66,053 accounts
  • An exemption category labeled miscellaneous: about $4.19 billion across 4,006 accounts
  • Freeport exemptions for goods moving through the district: about $1.72 billion on 130 accounts
  • Over-65 exemptions: about $1.27 billion across 21,741 accounts
  • 100% disabled veterans: about $395 million on 927 accounts

A further $192 million in value is shielded by the state's circuit breaker limitation on 2,737 properties.

The frozen levy

The summary calculates that the district's rate applied to every account would produce about $662.6 million. The tax office then subtracts about $40.1 million, listed as levy lost on frozen accounts. Those accounts carry about $10.8 billion in market value and are expected to pay about $29.3 million in district taxes.

Academic audit

Also on consent is a two-year contract for academic program audits, budgeted at about $100,000 a year from the general fund. The request for proposals went out Aug. 28, and the board's audit committee reviewed the responses. Staff recommend awarding it to more than one firm; the top-rated firms would present to the district before a final choice.

The work would run from this month to October 2028.

Trustees are also set to adopt goals required under House Bill 3, using third-grade i-Ready reading and math results and college, career and military readiness measures, and approve a calendar and instrument for evaluating the superintendent.

Sources

meetings.boardbook.org

meetings.boardbook.org

meetings.boardbook.org

meetings.boardbook.org

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Jubal Vargas

Jubal Vargas writes about community life, schools, public safety, and local events in The Colony.

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