CITY OF DESOTO, TEXAS COMPUTATION OF LEGAL DEBT MARGIN
September 30, 2021
Total Assessed Value
$
6,163,598,080
Less: Exempt Property
$
725,408,833
Net Taxable Assessed Value
$
5,438,189,247
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
$
543,818,925
$
67,870,000
$
5,155,934
$
62,714,066
$
481,104,859
Legal Debt Margin
Source: Dallas Central Appraisal District
258
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