DATE: 01/27/2006 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 10:51:13 2005 ISD SUMMARY WORKSHEET REPT: PTS265 182/Palo Pinto VRSN: W 182-903/Mineral Wells ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2005 WTD 2005 PTD 2005 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 275,122,760 .9271 296,756,294 275,122,760 B. MULTIFAMILY RESIDENCES 9,641,990 ** 9,641,990 9,641,990 C. VACANT LOTS 9,363,840 ** 9,363,840 9,363,840 D. RURAL REAL(TAXABLE) 65,674,790 .8597 76,389,212 65,674,790 F1. COMMERCIAL REAL 64,008,680 .9929 64,466,391 64,008,680 F2. INDUSTRIAL REAL 19,325,100 ** 19,325,100 19,325,100 G. OIL,GAS,MINERALS 5,247,280 ** 5,247,280 5,247,280 J. UTILITIES 25,971,310 .9189 28,263,478 25,971,310 L1. COMMERCIAL PERSONAL 38,480,700 1.0503 36,637,818 38,480,700 L2. INDUSTRIAL PERSONAL 74,251,060 ** 74,251,060 74,251,060 M. MOBILE HOMES 5,071,850 ** 5,071,850 5,071,850 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 0 ** 0 0 S. SPECIAL INVENTORY 2,245,960 ** 2,245,960 2,245,960 ___________________ ___________________ ___________________ SUBTOTAL 594,405,320 627,660,273 594,405,320 LESS TOTAL DEDUCTIONS 114,222,174 121,822,053 114,222,174 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 480,183,146 505,838,220 480,183,146 T2* * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD. ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 78,658,264 78,658,264 MKT VALUE NON-QUAL CAP VALUE LOSS 6,398,090 6,901,186 ACRES & FRM/RNCH IMPRV 61,561,010 .8499 72,433,239 OVER 65 FREZ LOSS 28,747,404 35,844,187 PROD VAL QUAL ACRES 4,113,780 1.0399 3,955,973 ALL OTHER 418,416 418,416 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 114,222,174 121,822,053 TOTAL TAXABLE VALUE 65,674,790 76,389,212 DATE: 01/27/2006 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 10:51:13 2005 FINAL VALUES WORKSHEET REPT: PTS265 182/Palo Pinto VRSN: W 182-903/Mineral Wells 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 521,039,006 40,855,860 480,183,146 3,374,247 517,664,759 476,808,899 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 ****
