DATE: 06/22/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 10:18:48 2004 ISD SUMMARY WORKSHEET REPT: PTS265 037/Cherokee VRSN: W 037-908/New Summerfield ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 9,821,590 1.0051 9,771,754 9,821,590 B. MULTIFAMILY RESIDENCES 4,820 ** 4,820 4,820 C. VACANT LOTS 434,170 ** 434,170 434,170 D. RURAL REAL(TAXABLE) 17,493,860 1.0004 17,486,112 17,493,860 F1. COMMERCIAL REAL 2,266,290 .9978 2,271,287 2,266,290 F2. INDUSTRIAL REAL 4,622,280 ** 4,622,280 4,622,280 G. OIL,GAS,MINERALS 50,880 ** 50,880 50,880 J. UTILITIES 1,941,180 .9785 1,983,832 1,941,180 L1. COMMERCIAL PERSONAL 1,475,630 .9930 1,486,032 1,475,630 L2. INDUSTRIAL PERSONAL 1,648,330 ** 1,648,330 1,648,330 M. MOBILE HOMES 522,960 ** 522,960 522,960 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 0 ** 0 0 S. SPECIAL INVENTORY 29,030 ** 29,030 29,030 ___________________ ___________________ ___________________ SUBTOTAL 40,311,020 40,311,487 40,311,020 LESS TOTAL DEDUCTIONS 9,326,147 9,291,095 9,326,147 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 30,984,873 31,020,392 30,984,873 T2 ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 6,262,792 6,262,792 MKT VALUE NON-QUAL CAP VALUE LOSS 1,813,423 1,804,221 ACRES & FRM/RNCH IMPRV 13,624,780 .9848 13,835,073 OVER 65 FREZ LOSS 1,249,932 1,224,082 PROD VAL QUAL ACRES 3,869,080 1.0597 3,651,039 ALL OTHER 0 0 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 9,326,147 9,291,095 TOTAL TAXABLE VALUE 17,493,860 17,486,112 DATE: 06/22/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 10:18:48 2004 FINAL VALUES WORKSHEET REPT: PTS265 037/Cherokee VRSN: W 037-908/New Summerfield ISD ____________________________________________________________________________________________________________________________________ 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 THE ADDITIONAL TO THE LOCAL OPTIONAL $10,000 HOMESTEAD PERCENTAGE HOMESTEAD T1 EXEMPTION T2 EXEMPTION T3 T4 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 34,231,331 3,246,458 30,984,873 0 34,231,331 30,984,873 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 THE PVS FOUND YOUR TAXABLE VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED. **** END OF REPORT ****
