DATE: 06/22/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 10:23:53 2004 ISD SUMMARY WORKSHEET REPT: PTS265 073/Falls VRSN: W 073-904/Westphalia ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 3,216,940 .9159 3,512,327 3,216,940 B. MULTIFAMILY RESIDENCES 0 ** 0 0 C. VACANT LOTS 33,250 ** 33,250 33,250 D. RURAL REAL(TAXABLE) 6,483,520 .9208 7,041,554 6,483,520 F1. COMMERCIAL REAL 100,520 ** 100,520 100,520 F2. INDUSTRIAL REAL 82,990 ** 82,990 82,990 G. OIL,GAS,MINERALS 0 ** 0 0 J. UTILITIES 2,074,820 .3609 5,749,016 2,074,820 L1. COMMERCIAL PERSONAL 164,350 ** 164,350 164,350 L2. INDUSTRIAL PERSONAL 0 ** 0 0 M. MOBILE HOMES 134,550 ** 134,550 134,550 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 0 ** 0 0 S. SPECIAL INVENTORY 0 ** 0 0 ___________________ ___________________ ___________________ SUBTOTAL 12,290,940 16,818,557 12,290,940 LESS TOTAL DEDUCTIONS 2,416,532 2,586,262 2,416,532 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 9,874,408 14,232,295 9,874,408 T2* * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD. ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 2,091,600 2,091,600 MKT VALUE NON-QUAL CAP VALUE LOSS 58,330 63,686 ACRES & FRM/RNCH IMPRV 4,492,260 .9094 4,939,806 OVER 65 FREZ LOSS 266,602 430,976 PROD VAL QUAL ACRES 1,991,260 .9474 2,101,748 ALL OTHER 0 0 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 2,416,532 2,586,262 TOTAL TAXABLE VALUE 6,483,520 7,041,554 DATE: 06/22/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 10:23:53 2004 FINAL VALUES WORKSHEET REPT: PTS265 073/Falls VRSN: W 073-904/Westphalia 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 11,016,668 1,142,260 9,874,408 0 11,016,668 9,874,408 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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN YEAR ONE/TWO OF A GRACE PERIOD. **** END OF REPORT ****
