DATE: 7/12/04 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION RPT: VAL7175E TIME: 10:54:45 2003 PROPERTY VALUE STUDY FINAL VALUES WORKSHEET STATE TOTALS SB4, passed by the 1999 Legislature, requires the Comptroller to certify alternative measures of school district wealth (T1, T3 and T4) in addition to the traditional measure (T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the Division of State Funding at the Texas Education Agency, telephone #512/463-9238. LOSS TO 50% OF THE LOSS TO THE ADDITIONAL THE LOCAL OPTIONAL $10,000 HOMESTEAD PERCENTAGE HOMESTEAD T1 EXEMPTION T2 EXEMPTION T3 T4 1,101,103,840,695 43,242,811,765 1,057,861,028,930 12,077,433,507 1,089,026,407,188 1,045,783,595,423 T1 = School District Taxable Value Before the Loss to the Additional $10,000 Homestead Exemption. T2 = School District Taxable Value After the Loss to the Additional $10,000 Homestead Exemption. T3 = T1 Minus 50% of the Loss to the Local Optional Percentage Homestead Exemption. T4 = T2 Minus 50% of the Loss to the Local Optional Percentage Homestead Exemption.