DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 11:30:15 2004 ISD SUMMARY WORKSHEET REPT: PTS265 175/Navarro VRSN: P 175-903/Corsicana ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2004 WTD 2004 PTD 2004 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 389,322,130 .9433 412,723,556 389,322,130 B. MULTIFAMILY RESIDENCES 17,019,890 ** 17,019,890 17,019,890 C. VACANT LOTS 12,094,301 ** 12,094,301 12,094,301 D. RURAL REAL(TAXABLE) 89,939,535 .6757 133,109,122 89,939,535 F1. COMMERCIAL REAL 144,492,289 .8714 165,816,260 144,492,289 F2. INDUSTRIAL REAL 41,661,450 ** 41,661,450 41,661,450 G. OIL,GAS,MINERALS 515,400 ** 515,400 515,400 J. UTILITIES 64,844,790 .9415 68,873,914 64,844,790 L1. COMMERCIAL PERSONAL 89,321,320 .8359 106,856,466 89,321,320 L2. INDUSTRIAL PERSONAL 174,709,769 ** 174,709,769 174,709,769 M. MOBILE HOMES 10,524,475 ** 10,524,475 10,524,475 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 1,277,575 ** 1,277,575 1,277,575 S. SPECIAL INVENTORY 7,176,943 ** 7,176,943 7,176,943 ___________________ ___________________ ___________________ SUBTOTAL 1,042,899,867 1,152,359,121 1,042,899,867 LESS TOTAL DEDUCTIONS 132,295,842 139,432,060 132,295,842 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 910,604,025 1,012,927,061 910,604,025 T2* * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD. ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 101,916,132 101,916,132 MKT VALUE NON-QUAL CAP VALUE LOSS 1,110,615 1,177,372 ACRES & FRM/RNCH IMPRV 79,994,385 .6442 124,176,319 OVER 65 FREZ LOSS 27,114,583 34,184,044 PROD VAL QUAL ACRES 9,945,150 1.1133 8,932,803 ALL OTHER 2,154,512 2,154,512 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 132,295,842 139,432,060 TOTAL TAXABLE VALUE 89,939,535 133,109,122 DATE: 02/10/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 11:30:15 2004 ISD SUMMARY WORKSHEET REPT: PTS265 175/Navarro VRSN: P 175-903/Corsicana 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 963,825,791 53,221,766 910,604,025 0 963,825,791 910,604,025 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 ****
