DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 11:10:03 2004 ISD SUMMARY WORKSHEET REPT: PTS265 095/Hale VRSN: P 095-902/Cotton Center ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 2,107,112 .9516 2,214,283 2,107,112 B. MULTIFAMILY RESIDENCES 0 ** 0 0 C. VACANT LOTS 30,879 ** 30,879 30,879 D. RURAL REAL(TAXABLE) 22,791,663 1.2767 17,851,348 22,791,663 F1. COMMERCIAL REAL 190,664 ** 190,664 190,664 F2. INDUSTRIAL REAL 997,820 ** 997,820 997,820 G. OIL,GAS,MINERALS 14,660 ** 14,660 14,660 J. UTILITIES 1,973,758 1.0497 1,880,307 1,973,758 L1. COMMERCIAL PERSONAL 1,255,400 ** 1,255,400 1,255,400 L2. INDUSTRIAL PERSONAL 0 ** 0 0 M. MOBILE HOMES 27,142 ** 27,142 27,142 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 0 ** 0 0 S. SPECIAL INVENTORY 0 ** 0 0 ___________________ ___________________ ___________________ SUBTOTAL 29,389,098 24,462,503 29,389,098 LESS TOTAL DEDUCTIONS 1,740,659 1,823,957 1,740,659 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 27,648,439 22,638,546 27,648,439 T2 ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 1,165,931 1,165,931 MKT VALUE NON-QUAL CAP VALUE LOSS 19,311 20,293 ACRES & FRM/RNCH IMPRV 6,738,129 .8551 7,879,931 OVER 65 FREZ LOSS 555,417 637,733 PROD VAL QUAL ACRES 16,053,534 1.6100 9,971,417 ALL OTHER 0 0 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 1,740,659 1,823,957 TOTAL TAXABLE VALUE 22,791,663 17,851,348 DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 11:10:03 2004 ISD SUMMARY WORKSHEET REPT: PTS265 095/Hale VRSN: P 095-902/Cotton Center 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 28,260,332 611,893 27,648,439 0 28,260,332 27,648,439 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 LOCAL VALUE IS HIGHER THAN THE STATE VALUE **** END OF REPORT ****
