DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 10:58:38 2004 ISD SUMMARY WORKSHEET REPT: PTS265 015/Bexar VRSN: P 015-909/Somerset ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 146,540,434 .8856 165,470,228 146,540,434 B. MULTIFAMILY RESIDENCES 280,000 ** 280,000 280,000 C. VACANT LOTS 19,888,902 1.0246 19,411,382 19,888,902 D. RURAL REAL(TAXABLE) 39,422,367 .7990 49,338,695 39,422,367 F1. COMMERCIAL REAL 10,667,910 ** 10,667,910 10,667,910 F2. INDUSTRIAL REAL 0 ** 0 0 G. OIL,GAS,MINERALS 2,748,710 ** 2,748,710 2,748,710 J. UTILITIES 7,981,270 ** 7,981,270 7,981,270 L1. COMMERCIAL PERSONAL 5,556,150 ** 5,556,150 5,556,150 L2. INDUSTRIAL PERSONAL 1,791,840 ** 1,791,840 1,791,840 M. MOBILE HOMES 31,774,683 ** 31,774,683 31,774,683 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 2,604,293 ** 2,604,293 2,604,293 S. SPECIAL INVENTORY 0 ** 0 0 ___________________ ___________________ ___________________ SUBTOTAL 269,256,559 297,625,161 269,256,559 LESS TOTAL DEDUCTIONS 54,745,609 60,136,680 54,745,609 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 214,510,950 237,488,481 214,510,950 T2* * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD. ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 42,055,478 42,055,478 MKT VALUE NON-QUAL CAP VALUE LOSS 6,824,958 7,706,592 ACRES & FRM/RNCH IMPRV 37,100,765 .8034 46,179,693 OVER 65 FREZ LOSS 4,660,059 9,169,496 PROD VAL QUAL ACRES 2,321,602 .7349 3,159,002 ALL OTHER 1,205,114 1,205,114 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 54,745,609 60,136,680 TOTAL TAXABLE VALUE 39,422,367 49,338,695 DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 10:58:38 2004 ISD SUMMARY WORKSHEET REPT: PTS265 015/Bexar VRSN: P 015-909/Somerset 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 237,156,645 22,645,695 214,510,950 0 237,156,645 214,510,950 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 ****
