CITY OF DESOTO, TEXAS COMPUTATION OF LEGAL DEBT MARGIN
September 30, 2020
Total Assessed Value
$
4,827,526,338
Less: Exempt Property
$
732,698,501
Net Taxable Assessed Value
$
4,094,827,837
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
$
409,482,784
$
67,870,000
$
4,131,081
$
63,738,919
$
345,743,865
Legal Debt Margin
Source: Dallas Central Appraisal District
306
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