DATE: 06/29/2006 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 14:56:58 2005 ISD SUMMARY WORKSHEET REPT: PTS265 109/Hill VRSN: W 109-903/Covington ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2005 WTD 2005 PTD 2005 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 13,325,930 1.0392 12,823,258 13,325,930 B. MULTIFAMILY RESIDENCES 0 ** 0 0 C. VACANT LOTS 539,290 ** 539,290 539,290 D. RURAL REAL(TAXABLE) 35,235,089 1.0066 35,005,797 35,235,089 F1. COMMERCIAL REAL 643,980 ** 643,980 643,980 F2. INDUSTRIAL REAL 0 ** 0 0 G. OIL,GAS,MINERALS 0 ** 0 0 J. UTILITIES 2,167,770 ** 2,167,770 2,167,770 L1. COMMERCIAL PERSONAL 351,730 ** 351,730 351,730 L2. INDUSTRIAL PERSONAL 0 ** 0 0 M. MOBILE HOMES 1,783,600 ** 1,783,600 1,783,600 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 0 ** 0 0 S. SPECIAL INVENTORY 0 ** 0 0 ___________________ ___________________ ___________________ SUBTOTAL 54,047,389 53,315,425 54,047,389 LESS TOTAL DEDUCTIONS 12,891,723 12,402,140 12,891,723 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 41,155,666 40,913,285 41,155,666 T2 ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 7,687,937 7,687,937 MKT VALUE NON-QUAL CAP VALUE LOSS 1,920,360 1,847,921 ACRES & FRM/RNCH IMPRV 32,353,910 .9950 32,516,492 OVER 65 FREZ LOSS 2,463,170 2,046,026 PROD VAL QUAL ACRES 2,881,179 1.1574 2,489,305 ALL OTHER 820,256 820,256 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 12,891,723 12,402,140 TOTAL TAXABLE VALUE 35,235,089 35,005,797 DATE: 06/29/2006 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 14:56:58 2005 FINAL VALUES WORKSHEET REPT: PTS265 109/Hill VRSN: W 109-903/Covington 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 45,184,523 4,028,857 41,155,666 0 45,184,523 41,155,666 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 VALID, AND LOCAL VALUE WAS CERTIFIED. **** END OF REPORT ****
