CITY OF DESOTO, TEXAS COMPUTATION OF LEGAL DEBT MARGIN
September 30, 2023
Total Assessed Value
$
8,394,929,030
Less: Exempt Property
$
1,392,472,784
Net Taxable Assessed Value
$
7,002,456,246
Debt limit -Ten Percent (10%) of Taxable Assessed Value Amount of Debt Applicable to Debt Limit- Total Bonded Debt Less: Amount in Debt Service Fund Available for Payment of Principal Total Amount of Debt Applicable to Debt Limit
$
700,245,625
$
91,579,021
$
5,733,066
$
85,845,955
$
613,799,452
Legal Debt Margin
Source: Dallas Central Appraisal District
ToC
247
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