DATE: 06/22/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 10:25:13 2004 ISD SUMMARY WORKSHEET REPT: PTS265 084/Galveston VRSN: W 084-908/Hitchcock ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 214,687,025 .9548 224,850,257 214,687,025 B. MULTIFAMILY RESIDENCES 7,206,130 ** 7,206,130 7,206,130 C. VACANT LOTS 19,932,810 .9451 21,090,689 19,932,810 D. RURAL REAL(TAXABLE) 11,752,520 .9739 12,067,811 11,752,520 F1. COMMERCIAL REAL 29,343,830 .9409 31,186,981 29,343,830 F2. INDUSTRIAL REAL 1,909,790 ** 1,909,790 1,909,790 G. OIL,GAS,MINERALS 7,426,340 ** 7,426,340 7,426,340 J. UTILITIES 26,758,170 1.0624 25,186,530 26,758,170 L1. COMMERCIAL PERSONAL 18,599,137 1.0003 18,593,559 18,599,137 L2. INDUSTRIAL PERSONAL 1,433,110 ** 1,433,110 1,433,110 M. MOBILE HOMES 2,569,230 ** 2,569,230 2,569,230 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 34,860 ** 34,860 34,860 S. SPECIAL INVENTORY 466,430 ** 466,430 466,430 ___________________ ___________________ ___________________ SUBTOTAL 342,119,382 354,021,717 342,119,382 LESS TOTAL DEDUCTIONS 48,993,291 51,246,058 48,993,291 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 293,126,091 302,775,659 293,126,091 T2 ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 36,001,985 36,001,985 MKT VALUE NON-QUAL CAP VALUE LOSS 3,770,620 3,949,120 ACRES & FRM/RNCH IMPRV 10,041,000 ** 10,041,000 OVER 65 FREZ LOSS 8,925,616 10,999,883 PROD VAL QUAL ACRES 1,711,520 .8444 2,026,811 ALL OTHER 295,070 295,070 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 48,993,291 51,246,058 TOTAL TAXABLE VALUE 11,752,520 12,067,811 DATE: 06/22/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 10:25:13 2004 FINAL VALUES WORKSHEET REPT: PTS265 084/Galveston VRSN: W 084-908/Hitchcock 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 312,159,856 19,033,765 293,126,091 0 312,159,856 293,126,091 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 ****
