CITY OF DESOTO, TEXAS COMPUTATION OF LEGAL DEBT MARGIN
September 30, 2024
Total Assessed Value
$
9,164,407,400
Less: Exempt Property
$
1,435,800,446
Net Taxable Assessed Value
$
7,728,606,954
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
$
772,860,695
$
98,055,000
$
4,382,940
$
93,672,060
$
679,188,635
Legal Debt Margin
Source: Dallas Central Appraisal District
258
Made with FlippingBook - PDF hosting