DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 11:08:43 2004 ISD SUMMARY WORKSHEET REPT: PTS265 087/Glasscock VRSN: P 087-901/Glasscock Co ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 1,619,550 ** 1,619,550 1,619,550 B. MULTIFAMILY RESIDENCES 0 ** 0 0 C. VACANT LOTS 92,230 ** 92,230 92,230 D. RURAL REAL(TAXABLE) 34,015,780 .8135 41,813,873 34,015,780 F1. COMMERCIAL REAL 877,650 ** 877,650 877,650 F2. INDUSTRIAL REAL 1,698,070 ** 1,698,070 1,698,070 G. OIL,GAS,MINERALS 352,802,490 .7441 474,133,168 352,802,490 J. UTILITIES 34,440,050 .9935 34,665,375 34,440,050 L1. COMMERCIAL PERSONAL 625,620 ** 625,620 625,620 L2. INDUSTRIAL PERSONAL 12,478,240 ** 12,478,240 12,478,240 M. MOBILE HOMES 460,070 ** 460,070 460,070 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 0 ** 0 0 S. SPECIAL INVENTORY 0 ** 0 0 ___________________ ___________________ ___________________ SUBTOTAL 439,109,750 568,463,846 439,109,750 LESS TOTAL DEDUCTIONS 5,692,520 5,692,520 5,692,520 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 433,417,230 562,771,326 433,417,230 T2** ** THIS DISTRICT IS IN YEAR 2 OF THE GRACE PERIOD. ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 4,631,630 4,631,630 MKT VALUE NON-QUAL CAP VALUE LOSS 45,510 45,510 ACRES & FRM/RNCH IMPRV 16,925,200 .7204 23,494,170 OVER 65 FREZ LOSS 700,070 700,070 PROD VAL QUAL ACRES 17,090,580 .9329 18,319,703 ALL OTHER 315,310 315,310 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 5,692,520 5,692,520 TOTAL TAXABLE VALUE 34,015,780 41,813,873 DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 11:08:43 2004 ISD SUMMARY WORKSHEET REPT: PTS265 087/Glasscock VRSN: P 087-901/Glasscock Co 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 435,982,820 2,565,590 433,417,230 1,253,695 434,729,125 432,163,535 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 ****
