DATE: 01/23/2006 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 001 TIME: 10:48:24 2005 ISD SUMMARY WORKSHEET REPT: PTS265 234/Van Zandt VRSN: W 234-907/Wills Point ISD ____________________________________________________________________________________________________________________________________ LOCAL TAX 2005 WTD 2005 PTD 2005 VALUE CATEGORY ROLL VALUE MEAN RATIO VALUE ESTIMATE ASSIGNED ________ ___________________ __________ ___________________ _____________ A. SINGLE-FAMILY RESIDENCES 196,739,350 .9003 218,526,436 196,739,350 B. MULTIFAMILY RESIDENCES 1,355,420 ** 1,355,420 1,355,420 C. VACANT LOTS 9,140,310 ** 9,140,310 9,140,310 D. RURAL REAL(TAXABLE) 171,299,190 1.0102 169,564,853 171,299,190 F1. COMMERCIAL REAL 23,543,360 .6618 35,574,736 23,543,360 F2. INDUSTRIAL REAL 354,100 ** 354,100 354,100 G. OIL,GAS,MINERALS 0 ** 0 0 J. UTILITIES 28,420,260 .9015 31,525,524 28,420,260 L1. COMMERCIAL PERSONAL 15,482,770 ** 15,482,770 15,482,770 L2. INDUSTRIAL PERSONAL 5,398,080 ** 5,398,080 5,398,080 M. MOBILE HOMES 18,845,190 ** 18,845,190 18,845,190 N. INTANGIBLE PERS/UNCERT 0 ** 0 0 O. RESIDENTIAL INVENTORY 1,832,190 ** 1,832,190 1,832,190 S. SPECIAL INVENTORY 3,082,820 ** 3,082,820 3,082,820 ___________________ ___________________ ___________________ SUBTOTAL 475,493,040 510,682,429 475,493,040 LESS TOTAL DEDUCTIONS 92,228,029 101,896,842 92,228,029 ___________________ ___________________ ___________________ TOTAL TAXABLE VALUE 383,265,011 408,785,587 383,265,011 T2* * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD. ____________________________________________________________________________________________________________________________________ LOCAL REPORTED PTD ESTIMATE LOCAL TAX ROLL RATIO PTD VALUE ______________ ____________ ______________ ___________ HOMESTEAD & VETS 61,958,760 61,958,760 MKT VALUE NON-QUAL CAP VALUE LOSS 6,712,020 7,455,315 ACRES & FRM/RNCH IMPRV 159,280,630 .9852 161,673,396 OVER 65 FREZ LOSS 23,557,249 32,482,767 PROD VAL QUAL ACRES 12,018,560 1.5230 7,891,457 ALL OTHER 0 0 _______________ _______________ _______________ _______________ TOTAL DEDUCTIONS 92,228,029 101,896,842 TOTAL TAXABLE VALUE 171,299,190 169,564,853 DATE: 01/23/2006 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002 TIME: 10:48:24 2005 FINAL VALUES WORKSHEET REPT: PTS265 234/Van Zandt VRSN: W 234-907/Wills Point 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 ___________________ ___________________ ___________________ ____________________ ____________________ ___________________ 415,872,971 32,607,960 383,265,011 0 415,872,971 383,265,011 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 ****
