DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 11:03:59 2004 ISD SUMMARY WORKSHEET REPT: PTS265 055/Culberson VRSN: P 055-901/Culberson-Allamore I ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 17,850,680 .9631 18,534,607 17,850,680 B. MULTIFAMILY RESIDENCES 240,750 ** 240,750 240,750 C. VACANT LOTS 10,098,620 .9504 10,625,652 10,098,620 D. RURAL REAL(TAXABLE) 25,627,760 .7911 32,396,149 25,627,760 F1. COMMERCIAL REAL 18,135,040 .9776 18,550,573 18,135,040 F2. INDUSTRIAL REAL 42,692,120 ** 42,692,120 42,692,120 G. OIL,GAS,MINERALS 10,984,050 1.0938 10,042,101 10,984,050 J. UTILITIES 79,347,070 .8714 91,057,000 79,347,070 L1. COMMERCIAL PERSONAL 6,255,270 ** 6,255,270 6,255,270 L2. INDUSTRIAL PERSONAL 8,331,770 ** 8,331,770 8,331,770 M. MOBILE HOMES 1,922,050 ** 1,922,050 1,922,050 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 22,440 ** 22,440 22,440 S. SPECIAL INVENTORY 0 ** 0 0 ___________________ ___________________ ___________________ SUBTOTAL 221,507,620 240,670,482 221,507,620 LESS TOTAL DEDUCTIONS 10,563,560 10,681,634 10,563,560 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 210,944,060 229,988,848 210,944,060 T2* * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD. ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 7,974,350 7,974,350 MKT VALUE NON-QUAL CAP VALUE LOSS 142,010 147,451 ACRES & FRM/RNCH IMPRV 6,683,620 .9682 6,903,140 OVER 65 FREZ LOSS 416,700 529,333 PROD VAL QUAL ACRES 18,944,140 .7431 25,493,009 ALL OTHER 2,030,500 2,030,500 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 10,563,560 10,681,634 TOTAL TAXABLE VALUE 25,627,760 32,396,149 DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 11:03:59 2004 ISD SUMMARY WORKSHEET REPT: PTS265 055/Culberson VRSN: P 055-901/Culberson-Allamore I ____________________________________________________________________________________________________________________________________ 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 215,415,620 4,471,560 210,944,060 0 215,415,620 210,944,060 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 ****
