DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 11:12:55 2004 ISD SUMMARY WORKSHEET REPT: PTS265 109/Hill VRSN: P 109-907/Itasca ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 31,830,830 1.0526 30,240,196 31,830,830 B. MULTIFAMILY RESIDENCES 272,550 ** 272,550 272,550 C. VACANT LOTS 1,389,990 ** 1,389,990 1,389,990 D. RURAL REAL(TAXABLE) 45,621,811 1.1733 38,883,847 45,621,811 F1. COMMERCIAL REAL 4,124,540 ** 4,124,540 4,124,540 F2. INDUSTRIAL REAL 1,939,770 ** 1,939,770 1,939,770 G. OIL,GAS,MINERALS 0 ** 0 0 J. UTILITIES 11,082,080 .9230 12,006,587 11,082,080 L1. COMMERCIAL PERSONAL 4,848,270 ** 4,848,270 4,848,270 L2. INDUSTRIAL PERSONAL 5,159,190 ** 5,159,190 5,159,190 M. MOBILE HOMES 2,905,450 ** 2,905,450 2,905,450 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 0 ** 0 0 S. SPECIAL INVENTORY 411,220 ** 411,220 411,220 ___________________ ___________________ ___________________ SUBTOTAL 109,585,701 102,181,610 109,585,701 LESS TOTAL DEDUCTIONS 20,392,496 19,601,311 20,392,496 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 89,193,205 82,580,299 89,193,205 T2 ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 14,457,631 14,457,631 MKT VALUE NON-QUAL CAP VALUE LOSS 3,237,967 3,076,161 ACRES & FRM/RNCH IMPRV 34,607,310 1.2034 28,757,944 OVER 65 FREZ LOSS 2,696,197 2,066,818 PROD VAL QUAL ACRES 11,014,501 1.0878 10,125,903 ALL OTHER 701 701 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 20,392,496 19,601,311 TOTAL TAXABLE VALUE 45,621,811 38,883,847 DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 11:12:55 2004 ISD SUMMARY WORKSHEET REPT: PTS265 109/Hill VRSN: P 109-907/Itasca 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 96,759,115 7,565,910 89,193,205 0 96,759,115 89,193,205 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 ****
