DATE: 06/22/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 10:26:31 2004 ISD SUMMARY WORKSHEET REPT: PTS265 093/Grimes VRSN: W 093-903/Iola ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 13,028,560 .9424 13,824,873 13,028,560 B. MULTIFAMILY RESIDENCES 64,360 ** 64,360 64,360 C. VACANT LOTS 895,820 ** 895,820 895,820 D. RURAL REAL(TAXABLE) 46,167,500 .9988 46,220,879 46,167,500 F1. COMMERCIAL REAL 1,061,130 ** 1,061,130 1,061,130 F2. INDUSTRIAL REAL 112,290 ** 112,290 112,290 G. OIL,GAS,MINERALS 9,627,400 1.0109 9,523,593 9,627,400 J. UTILITIES 14,819,880 .9978 14,852,556 14,819,880 L1. COMMERCIAL PERSONAL 598,883 ** 598,883 598,883 L2. INDUSTRIAL PERSONAL 2,260,970 ** 2,260,970 2,260,970 M. MOBILE HOMES 2,838,270 ** 2,838,270 2,838,270 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 0 ** 0 0 S. SPECIAL INVENTORY 0 ** 0 0 ___________________ ___________________ ___________________ SUBTOTAL 91,475,063 92,253,624 91,475,063 LESS TOTAL DEDUCTIONS 15,855,633 16,646,670 15,855,633 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 75,619,430 75,606,954 75,619,430 T2 ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 10,723,965 10,723,965 MKT VALUE NON-QUAL CAP VALUE LOSS 590,750 626,857 ACRES & FRM/RNCH IMPRV 41,926,780 1.0064 41,660,155 OVER 65 FREZ LOSS 4,448,542 5,203,472 PROD VAL QUAL ACRES 4,240,720 .9298 4,560,724 ALL OTHER 92,376 92,376 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 15,855,633 16,646,670 TOTAL TAXABLE VALUE 46,167,500 46,220,879 DATE: 06/22/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 10:26:31 2004 FINAL VALUES WORKSHEET REPT: PTS265 093/Grimes VRSN: W 093-903/Iola 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 81,302,070 5,682,640 75,619,430 0 81,302,070 75,619,430 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 ****
