Free 96-329 Reports of Property Value Instructions - Texas


File Size: 727.8 kB
Pages: 32
Date: July 23, 2008
File Format: PDF
State: Texas
Category: Tax Forms
Word Count: 16,362 Words, 105,642 Characters
Page Size: Letter (8 1/2" x 11")
URL

http://www.window.state.tx.us/taxinfo/taxforms/96-329.pdf

Download 96-329 Reports of Property Value Instructions ( 727.8 kB)


Preview 96-329 Reports of Property Value Instructions
Susan Combs

Texas Comptroller of Public Accounts

Reports of Property Value INSTRUCTIONS

Texas Proper t y Ta x

July 20 08

Table of Contents
Instructions for 2008 Reports of Property Value
Purpose of the Property Value Study ..................................................................................................................................... Legislative Background .................................................................................................................................................... Property Classifications ................................................................................................................................................... General Information ................................................................................................................................................................ Who Files? ......................................................................................................................................................................... Which Reports Should You File? .................................................................................................................................... Report Deadline ................................................................................................................................................................ Where to File? ................................................................................................................................................................... Additional Important Information ........................................................................................................................................ Late Filing of Reports ....................................................................................................................................................... Include District Name and Identification Number on the Report............................................................................. Correspondence with the Property Tax Division ......................................................................................................... Requesting a Copy of your Report ................................................................................................................................. Amended Reports............................................................................................................................................................. What Additional Help is Available? ....................................................................................................................................... Telephone........................................................................................................................................................................... Preparing Reports of Property Value ..................................................................................................................................... 1 1 1 2 2 2 2 2 2 2 2 2 2 3 3 3 3

School District Reports for 2008
Report of Property Value -- Item-by-Item Explanation (Self-Reports) ........................................................................... Report on Value Lost Because of the School Tax Limitation on Homesteads of the Elderly/Disabled ........................ School District Report of Property Value -- Short Form ................................................................................................... School District Stratification Survey ...................................................................................................................................... Report on Value Lost Because of School District Participation in Tax Increment Financing (TIF) ............................. Report on Value Lost Because of Value Limitations Under Tax Code Chapter 313........................................................ 5 10 12 12 12 13

Appraisal District Reports for 2008
Report of Property Value -- Item-by-Item Explanation (Self-Reports) ........................................................................... 15 Appraisal District Report of Property Value -- Short Form .............................................................................................. 16

County Reports for 2008
Report of Property Value -- Item-by-Item Explanation (Self-Reports) ........................................................................... 17 County Report of Property Value -- Short Form ................................................................................................................ 21 County Indigent Health Care Information ........................................................................................................................... 21

City Reports for 2008
Report of Property Value -- Item-by-Item Explanation (Self-Reports) ........................................................................... 23 City Report of Property Value -- Short Form ...................................................................................................................... 26 Cities with Population of Less Than 2,500 ............................................................................................................................ 26

Reports of Property Value Instructions

i

ii

Reports of Property Value Instructions

Instructions for 2008 Reports of Property Value
Purpose of the Property Value Study
Legislative Background
The Government Code requires the Texas Comptroller of Public Accounts to conduct an annual study to estimate the total taxable value of all property within each school district. This requirement is important because the distribution of several billion dollars in state aid to school districts depends in part on the Comptroller's total taxable value findings. The Commissioner of Education uses the Comptroller's taxable value findings to determine the amount of state funds each school district receives. The Texas Education Agency can answer questions about state aid and the funding formula. As part of this annual study, the law requires the Comptroller to: · usesalesandgenerallyacceptedauditingand sampling techniques; and · testthevalidityofvaluesineachschooldistrict. The Tax Code also requires the Comptroller to determine annually the level and uniformity of property tax appraisals for each major property type in each appraisal district by using data collected in the annual school district taxable value study. The level of appraisal shows whether each appraisal district has appraised typical properties at 100 percent of the legally required level (normally the market value). The uniformity measures show whether each appraisal district is appraising property at the same percentage of market value within a category or between categories. As part of this study, the Comptroller may be required to review the appraisal methods, standards and procedures used by each appraisal district to determine whether it used generally accepted standards and practices. The school district study and the appraisal district study are referred to as the Comptroller's Property Value Study (PVS) in this booklet. Taxable value is the estimated property wealth that each school district may tax. It is equal to the market value of all property in a district, minus certain exemptions and deductions. The Comptroller's estimated taxable value reflects deductions for state-mandated homestead and disabled veterans' exemptions and deductions arising from reinvestment zones, freeport exemptions, productivity appraisal of qualified lands, the school tax ceiling for over-65 homeowners, pollution control, solar and wind-powered houses and low-income housing exemptions, personal property in transit and value limitation (313). Under the law, the agency must publish preliminary findings of taxable value for each school district before Feb. 1 of the year following the year under study. The findings are delivered to school districts and are certified to the Commissioner of Education. The Comptroller must publish the findings of the appraisal district study and distribute copies to all appraisal districts and members of the Legislature.

Property Classifications
State law requires the Comptroller to estimate the value of the major property categories used in the PVS, which are: A. B. C. D1. D2. E. F1. F2. G1. G2. G3. H. J. L1. L2. M1. M2. N. O. S. X. Real Property: Single-family, Residential Real Property: Multifamily, Residential Real Property: Vacant Lots and Tracts Real Property: Qualified Agricultural Land Real Property: Non-qualified Land Real Property: Farm and Ranch Improvements Real Property: Commercial Real Property: Industrial Real: Minerals and Oil and Gas Real: Other minerals reserves Real: Non-producing minerals Tangible Personal Property: Non-business Vehicles Real and Tangible Personal Property: Utilities Personal Property: Commercial Personal Property: Industrial Mobile Homes Other Tangible Personal Property Intangible Personal Property Real Property: Residential Inventory Special Inventory Totally Exempt Property Reports of Property Value Instructions 1

General Information
Who Files?
All county appraisal districts (CADs), school districts, counties and cities file a Report of Property Value with the Property Tax Division (PTD). Contact PTD's Reporting Section for more information on electronic submission.

2008 Report of Property Value if their electronic submission was unsuccessful or if the deadline for submission was missed.

Where To File?
Mail reports/surveys to: Texas Comptroller of Public Accounts Property Tax Division Reporting Section P.O. Box 13528 Austin, Texas 78711-3528

Which Reports Should You File?
PTD provides each reporting entity the reports necessary to comply with the law. If you need additional copies, contact PTD's Reporting Section. The following is a list of the reports and who completes them: · Report of Property Value ­ school districts, appraisal districts, counties and cities; · Report on School Tax Limitation on Homesteads of the Elderly/Disabled ­ appraisal districts and school districts; · Stratification Report ­ school districts (unless a successful electronic appraisal roll was submitted); · Report on Value Lost Because of School District Participation in Tax Increment Financing (TIF) ­ appraisal districts and school districts; · Report on Value Lost Because of Value Limitations Under Tax Code Chapter 313 ­ appraisal districts and school districts; · Indigent Health Care Information ­ counties; · Utility Data Reports ­ appraisal districts (this report is sent under separate cover); · Recap(s) ­ appraisal district's summary of category values and exemptions; and · Productivity Value Schedule. In many cases, appraisal districts complete the reports for their schools. School district officials should call the appraisal district if they are unsure who normally completes the reports.

Additional Important Information
Late filing of reports. If you do not file your reports by the due date, PTD will estimate your values. For school districts, this estimate of taxable value could affect education funding. New split districts. House Bill 1010, passed by the 80th Legislature, requires CADs to adjust their boundaries to correspond to county boundaries as of Jan. 1, 2008. Although hundreds of school districts cross county boundaries, most of these districts have historically chosen one CAD to do all of their appraisals. Now these overlapping, or `split,' school districts will receive appraised value from more than one appraisal district. In 2008 there are almost 400 split school districts, compared to 16 in 2007. The PTD requires a separate report of property value for each portion of a split district because each portion must be studied separately in the PVS. The reason for separate studies is that different appraisal districts may appraise at different times, with different appraisal models, and with differing results. It cannot be assumed that the appraisal level (percentage of market value) for a property category in one appraisal district is the same as the appraisal level in the adjoining appraisal district even thought the appraisals are for the same school district. Include district name and identification number on the report. Each taxing unit number has a unique nine-digit taxing unit identifier. The first six digits identify the taxing unit. These numbers will not change due to new split districts. The last three digits identify the CAD responsible for appraising property in the district. For example, Leander ISD is split between Williamson CAD and Travis CAD. · 246-913isthetaxingunitidentifierforLeanderISD. · 246istheCADidentifierforWilliamson. · 227istheCADidentifierforTravis.

Report Deadline
The PTD deadline for submitting all reports (short forms and long forms) is September 1, 2008, (under 200,000 parcels) and October 1, 2008, (200,000 parcels or more). The values you report should reflect certified additions, deletions or adjustments. All appraisal districts and their member taxing units complete the appropriate hard copy

2

Reports of Property Value Instructions

Two reports should be submitted for Leander ISD. · 246-913-246isthecorrectidentifierforthe Williamson CAD portion. · 246-913-227isthecorrectidentifierfortheTravis CAD portion. If you have questions about taxing unit identifiers please contact the Reporting section. Correspondence with the Property Tax Division. Please include your identification number in any correspondence with PTD. Requesting a copy of your report. If you need a copy of your report, please submit your request in writing. List your identification number, contact person and a telephone number for the contact person. Amended reports. If you discover changes that will affect your values, you may submit an amended Report of Property Value to PTD. You may be required to submit late amendments with a formal audit request or as an appeal. The request for changes should be accompanied by documentation supporting requested changes and verification of amended total taxable value. Please contact PTD's Reporting Section for information on how to amend your report.

Preparing Reports of Property Value
Before you begin to fill out the needed reports, we recommend that you assemble all the data you will need to complete them. Certified data needed to complete the Reports of Property Value (self-reports) may include: · totalcertifiedappraisedvalue; · uncertifiedpropertyvalue; · numberofexemptionsandtaxablevaluelostto these exemptions; · taxablevalue; · taxrates; · totaltaxlevy; · propertycategorybreakdownvalues; · productivitybreakdownsbylandclass; · toptentaxpayers(ISDandcity); · taxabatementandtaxincrementfinancing information; and · 26.01(d)propertyvalue. Sign and date your report(s). Submit your report(s) and all recaps that correspond to the Reports of Property Value by the appropriate deadline.

What Additional Help is Available?
By Telephone. If you need assistance with reporting, pleasecallthePTDReportingSectionat(800)252-9121 and enter the extension of the staff member. DiannaEguia-Jones Phil Green Catherine Kilgore Sharon Miller MecoHarris ­ ­ ­ ­ ­ 59850 52475 50742 64307 30789

Other property tax questions can be answered by the TechnicalAssistancestaffat(800)252-9121.

Reports of Property Value Instructions

3

4

Reports of Property Value Instructions

SCHOOL DISTRICT
Report of Property Value -- 2008 Item-by-Item Explanation (Self-Reports)
Please complete all sections of the report and submit the original and one copy of each requested document. Correct information contributes to the accuracy of the Property Value Study, which helps determine school funding allocation. Submit a certified recap that corresponds with the value reported on this report and the Electronic Appraisal Role Submission. Recaps should include the breakdown of category values, the breakdown of exemptions and losses, the breakdown of land classes, productivity value schedule, tax increment financing fund(s) and deferred taxes. Required under Property Tax Code Sections 25.24 and 26.01. An item-by-item explanation of the information requested on the School District Report of Property Value follows: Item 1. Total market value before the 10 percent cap on residence homesteads (Tax Code Section 23.23) is applied. Include the total market value of all uncertified, certified and 26.01(d) property. Use figures based on the appropriate submission date, or if not available, your most current tax roll. Report the total market value of all property in your school district. Market value is the value before the application of the cap. (Include the value of totally exempt property and the market value of property receiving productivity valuation.) Item 2. Totally exempt property value. The full market value of any property completely excluded from taxation that is included in total market value above. Even though totally exempt property is not taxable, it may be valued and placed on the appraisal roll. The value of the totally exempt property should be deducted from the appropriate category on Page 4 for reporting purposes. Some examples of totally exempt properties are income-producing personal property and mineral interest property under $500, foreign trade zones, low-income housing, transitional and habitat housing, religious organizations, federal or state government, etc. (Not deducted for school funding purposes.) Item 3. Total value. (Item 1 minus Item 2 above.) This value should reflect the market value of the land, the improvement and the taxable personal property for the identified taxing unit before the 10 percent cap is applied. Do not include property that is receiving a total exemption. Improvement values are buildings or structures located on or attached to the land. Personal property is all property that is not real property. It includes business equipment, machinery, furniture and so on. This value should equal the total category breakdown on Page 4 and your certified recap total. (All categories are used for school funding purposes except Category H and M2. Category D value on the school district summary worksheet is arrived at by taking Category D2 value plus Category E plus the total productivity value reported on Page 5, column III.) Item 4. Total value lost to state-mandated $15,000 general homestead exemptions. Each homeowner is entitled to a state-mandated $15,000 exemption on the appraised value of his residence homestead (Tax Code Section 11.13[b]). To calculate the maximum value allowed, take the number of individuals granted this exemption times $15,000. It is important that you do not exceed the maximum value loss allowed; combine the state-mandated $15,000 exemption value loss with any local optional value loss; or exceed the base value of the homestead. Examples: Value of Home $20,000 Maximum Exemption $15,000 Value of Home $12,000 Maximum Exemption $12,000 Report the number granted and the value the district has lost due to this exemption. (This item is deducted as an exemption for school funding purposes.) Item 5. Total value lost to state-mandated $10,000 age 65 or older or disabled homestead exemptions. Any person who is 65 or older or is disabled is entitled to a state-mandated $10,000 exemption on the appraised value of his or her residence homestead (Tax Code Section 11.13[c]). To calculate the maximum value allowed, first add the number granted for those age 65 or older to the number granted for the disabled, then multiply the total number of individuals granted this exemption times $10,000. Do not exceed this maximum value loss. And please do not combine the state-mandated $10,000 exemption value loss with any Reports of Property Value Instructions 5

local option value loss. Report the number granted for age 65 or older, the number granted for the disabled and the value the district lost due to this exemption. (This item is deducted as an exemption for school funding purposes.) Item 6. Total value lost to local optional age 65 or older or disabled homestead exemptions. Any person who is 65 or older or is disabled is entitled to a local option exemption on a portion of the appraised value of his residence homestead if the district grants such an exemption. The exemption amount is $3,000 of the appraised value of the residence homestead, unless a larger amount is specified either by the governing body authorizing the exemption or by a favorable vote of a majority of the taxing unit's qualified voters (Tax Code Section 11.13[d] and [e]). To calculate the maximum value allowed, add the number granted for those age 65 or older or disabled to the number granted for the disabled, then multiply the number of individuals granted this exemption times the exemption amount adopted. Please do not exceed this maximum value. The number of local option exemptions granted must be equal to or less than the number of exemptions reported in Item 5. (If the number of local option exemptions granted is higher, you may have included either the state-mandated $10,000 exemptions granted from Item 5 or the local optional percentage exemptions granted from Item 7 in this number. If so, you may have included the value loss as well.) Report the number granted for age 65 or older, the number granted for the disabled and the value the district lost due to this exemption. (Not deducted for school funding purposes.) Item 7. Total value lost to local optional percentage homestead exemptions. Each homeowner is entitled to a local option exemption on a portion of the appraised value of his residence homestead if the district grants such an exemption as provided by law (Tax Code Section 11.13[n]). The taxing unit adopts a percentage up to 20 percent, not a set dollar amount. If the percentage set by the voters produces an exemption in a tax year of less than $5,000 when applied to a particular residence homestead, the individual is entitled to an exemption of $5,000 of the appraised value. Report the number granted and the value the district lost due to this exemption. (Not deducted for school funding purposes.) Item 8. Total value lost to disabled or deceased veteran's survivor(s) exemptions. A disabled veteran or a deceased veteran's survivor(s) may be entitled to a tax exemption up to $12,000 of the assessed value of a property he owns and designates (Tax Code Section 11.22). The veteran may receive this exemption on only one property; that property must be the same for every taxing unit in which the individual claims the exemption. To calculate the maximum value allowed, multiply the number of individuals granted 6 Reports of Property Value Instructions

this exemption times $12,000. Please do not exceed this maximum value. Report the number granted and the value the district lost due to this exemption. (This item is deducted for school funding purposes.) Item 9. Total value lost to freeport exemptions. A person is entitled to a tax exemption on the appraised value of that portion of the person's property consisting of freeport goods unless the school district taxes freeport goods (Tax Code Section 11.251). Report the number granted and value the district lost due to this exemption. (This item is deducted for school funding purposes.) Item 10. Total value lost to personal property in transit (warehouse goods) exemptions. Personal property in transit exemptions are authorized by Tax Code Section 11.253 and entitle a person to a tax exemption on certain personal property in warehouses (warehouse goods) unless the taxing unit chose to tax the property. This exemption requires that the personal property is detained at a location in the state in which the owner of the property does not have an ownership interest for assembling, storing, manufacturing, processing, or fabricating purposes; is transported to another location in this state or outside this state within 175 days after the person acquired the property; and does not include oil, natural gas, petroleum products, aircraft, dealer's motor vehicle inventory, dealer's vessel and outboard motor inventory, dealer's heavy equipment inventory, or retail manufactured housing inventory. (This item is deducted for school funding purposes). Item 11. Total value lost to pollution control exemptions. This section entitles a person to a tax exemption on all or part of real and personal property that the person owns and that is used wholly or partly as a facility, device or method to control air, water or land pollution (Tax Code Section 11.31). Report the number granted and the value your district lost due to this exemption. (This item is deducted for school funding purposes.) Item 12. Total value lost to water conservation initiative exemptions. A person is entitled to a tax exemption on part or all of the value of the property on which approved water conservation initiatives have been implemented (Tax Code Section 11.32). Report the number granted and the value your district lost due to this exemption. (Not deducted for school funding purposes.) Item 13. Total value difference between productivity value (1-d and 1-d-1) and market value of qualified acres. Productivity value measures the worth of land based on its income-producing ability (Tax Code Sections 23.41, 23.51 and 23.71). Many farm and ranch owners apply for agricultural-use or open-space valuation (both are forms of productivity valuation). This is the difference between

the market value and the productivity (taxable) value of all qualified land on Page 5 of the Acreage Breakdown of District. The total acres reported in this item should equal the acres reported in Category D1 on Page 4. Report the number of acres and the value the district lost due to agricultural and timber-use appraisals. Item 14. Total appraised value lost under the Property Redevelopment and Tax Abatement Act (Tax Code Chapter 312). The owner of property subject to an abatement under this act is entitled to an exemption from taxation of all or part of the value of the property as provided by the agreement (Tax Code Section 11.28). This is the difference between the market value and the taxable value of all the abatements granted in your district. Report the number granted and the value the district lost due to this exemption. Item 15. Total appraised value lost under the value limitation (Tax Code Chapter 313). Must equal Line 11 on the Report on Value Lost Because of Value Limitations under Tax Code Chapter 313. Worksheet must be submitted for verification purposes. (See worksheet on Page 13.) School districts may offer a tax credit and an eight-year limitation on the appraised value of a property for the maintenance and operations portion of the school district property tax. Item 16. Total value lost to partial low-income housing exemptions (Tax Code Section 11.1825). The low-income housing exemption was enacted by the Texas Legislature in the 2003 session with an effective date of Jan. 1, 2004. The law created an exemption for qualifying low-income housing property owned by certain organizations. The value of the property is reported in Category B. The exemption is a mandatory 50 percent value reduction in counties with a population of less than 1.4 million, but is an optional exemption of any amount in the counties with a population of 1.4 million or greater. County population is based on the 2000 census. Please report the exemption here if it is partial and in Item 2 if it is a total exemption. Note: Continue to report charitable housing exemptions granted under the older statutes (Tax Code Sections 11.181 and 11.182) in the totally exempt field. Item 17. Total value lost to solar and wind-powered, prorations and other required partial exemptions. An individual who installs or builds a solar or wind-powered energy device primarily for on-site energy production and distribution is entitled to a tax exemption on that portion of his appraised value (Tax Code Section 11.27). A property may be eligible for taxation for only part of a year (proration) because an exemption, other than a residence homestead exemption, applicable on Jan. 1 of that year, terminated during the year (Tax Code Section 26.10).

Report the value the district lost due to this deduction. (This item is deducted for school funding purposes.) Example of prorated property: The property has a total market value of $25,000 and changed status from taxable to totally exempt. Property was taxable as of Jan. 1 and had a state-mandated exemption of $15,000. Property became totally exempt as of Feb. 1. The proration factor is calculated by dividing the number of days in the year that the property is exempt by 365. This is how you would report the values: Market Value SM 15,000 Exemption Loss Total Total Prorated Loss Taxable Value $ 25,000 - $ 15,000 $ 10,000 $ 10,000 - $ 9,150 $ 850

To arrive at the prorated loss, take the 334 days that the property is not being taxed divided by 365 days, which equals0.915.Then,multiplythetotalof10,000by0.915, whichequals9,150.Thisistheamountthatwouldbelost for the rest of the year on this property. The $850 represents the 31 days that it was taxable property. Item 18. Total value lost to historical exemptions and other non-required exemptions. If a structure is designated as a Recorded Texas Historical Landmark by the Texas Historical Commission or is designated as a historically or archeologically significant site in need of tax relief to encourage its preservation pursuant to an ordinance or other law adopted by a taxing unit's governing body, the governing body, by official action, may grant a tax exemption on part or all of the assessed value of the structure and the land necessary to access and use the structure (Tax Code Section 11.24). Report in these items any other deductions required to calculate taxable value for the district. Do not include any loss for specially appraised properties (public access airport property, recreational park and scenic land, vehicle inventory, residential inventory, etc.). For these properties, the value arrived at by special procedures is market value under the Property Tax Code. Properties (other than agricultural and timber) appraised by special procedures should be reported in market value on Page 4, Item 35 and on Item 1, at the special value. Agricultural and timber property qualified for productivity valuation must be reported at market value on Item 1, Page 1 and at productivity value on Page 5, Item 36, column III. Report the value lost due to these exemptions and describe which exemption(s), if any are reported in this space. (Not deducted for school funding purposes.) Item 19. Value lost to the 10 percent per year cap on residence homesteads. Tax Code Section 23.23 provides that Reports of Property Value Instructions 7

the appraised value of a residence homestead for a tax year will be limited to the lesser of either its market value or the sum of the market value of any new improvements plus 110 percent per year of the appraised value from the most recent appraisal. The allowance for an annual 10 percent increase is cumulative -- that is, 10 percent times the number of years since the property was last appraised. Therefore, if a homestead increases in value by 20 percent in two years, all of the increase can be added to the appraisal roll. This should be equal to Line 27 minus Line 28. Report the value lost to the 10 percent per year cap on residence homesteads. (This item is deducted for school funding purposes.) Item 20. Subtotal before loss to tax limitation on homesteads of the elderly/disabled. This item should reflect the total appraised value in your district after allowable exemptions have been deducted from the total value (Item 3). Item 21. Value lost to the age 65 or older, disabled and qualified age 55 or older surviving spouse tax ceiling with local optional exemptions deducted. Must equal Item 11 of the Report on Value Lost Because of the School Tax Limitation of Homesteads of the Elderly/Disabled form. (Thisformisfilledoutseparately.)However,Line9ofthe Report on Value Lost Because of the School Tax Limitation on Homesteads of the Elderly/Disabled is deducted for school funding purposes. Item 22. Total taxable value for school tax purposes. This item should equal Item 20 minus Item 21. Item 23. School tax rate. Report the school tax rate here. Separate the maintenance and operations tax rate (M&O) from the interest and sinking fund tax rate (I&S). The sum of the two rates should equal total tax rate. Item 24. Calculated tax levy. Multiply the total taxable value for school tax purposes (Item 22) by the total tax rate (Item 23), then multiply by 0.01. Round this value to nearest whole dollar (DO NOT USE DECIMALS): (Total taxable value x total tax rate) x 0.01. Item 25. Actual total tax levy. Report the total amount of tax levy shown on your tax roll. Please do not adjust this number for anticipated delinquent taxes. Item 26. Please complete the 2008 Report on Value Lost Because of School District Participation in Tax Increment Financing (TIF) form for each tax increment reinvestment zone in your school district. Please provide supporting recaps for the base value of taxable property and the current appraised value of taxable property. A copy of the district's original inter-local agreement and any amendments for each TIF in which it participates, a 8 Reports of Property Value Instructions

copy of the ordinance designating the TIF and a copy of the written notification as required by Tax Code Section 311.003(e) must be provided unless documents were submitted during the previous Property Value Study. Item 27. Market value of residence homesteads to which the 10 percent cap is applied. Tax Code Section 23.23 provides that the chief appraiser shall retain both the market value and the appraised capped value of homesteads subject to the 10 percent per year cap. This should equal Line 19 plus Line 28. Report the market value of capped homesteads before application of the cap. Item 28. Capped value of residence homesteads. Tax Code Section 23.23 provides that the chief appraiser shall retain both the market value and the appraised capped value of homesteads subject to the 10 percent per year cap.ThisitemshouldequalLine27minusLine19.Report only the value of capped residence homesteads after application of the cap. If it has been three years since the last reappraisal, the maximum percentage increase would be 30 percent. Example: Last reappraisal -- two years ago: Previous Appraised Value Current Year Market Value Capped Value at 10 percent per year for two years Value lost to 10 percent cap $ 100,000 $ 130,000 $ 120,000 $ 10,000

For the current year the appraised value (capped value) can only be $120,000 because of the 10 percent cap. The market value for this property would still be $130,000. Item 29. Last year's actual levy lost to deferred collection of taxes on residence homesteads of elderly or disabled persons and/or appreciating residence homesteads. (Value loss x total tax rate) x 0.01. An individual is entitled to defer or abate a lawsuit to collect a delinquent tax if he is 65 or older or disabled and he owns and occupies, as a residence homestead, the property on which the tax subject to the suit is delinquent (Tax Code Section 33.06). An individual may defer or abate a lawsuit to collect a delinquent property tax on the portion of the residence homesteads appraised value that exceeds the market value of any new improvements plus 105 percent of the homestead's appraised value for the preceding year. The homeowner must file the application for deferral with the CAD before taxes actually become delinquent (Tax Code Section 33.065). Report the levy lost to age 65 or older or disabled tax deferrals or increasing home values. (This item is deducted for the study.)

Item 30. Total value lost to exemptions on industrial real (F2) and personal property (L2). Report the total value lost to exemptions on freeport, pollution control, abatement, water conservation and solar/wind power, and prorations that have industrial real and personal property exemptions. (Information purpose only) Item 31. Market value of all homesteads before any exemptions. These values are associated with Categories A, E, and M1. Categories A, E, and M1 are considered "residential categories." Market values associated with homestead exemptions are reported in these categories. Also reported in these categories are values associated with rental property, farm and ranch improvements, etc. Item 32. Total certified property market value. The appraisal review board (ARB) has approved the value reported for this property for the tax year submitted. Item 33. Total uncertified property market value (must be included in Item 1, on Page 1 and in the total value breakdown on Page 4, Item 35. Value is awaiting Appraisal Review Board approval. Do not include any totally exempt property. Item 34. Total 26.01(d) property market value reported to taxing units (must be included in Item 1, Page 1, and on Page 4, Item 35). Value is reasonably likely to be taxable by the unit but is not included on the appraisal roll certified. Do not include any totally exempt property. Item 35. List the total value shown on the tax roll for each category (Page 4): Column (I): Number of items. List the number of items requested in each category. For several categories, we request the number of properties or the number of accounts. For other categories, we request the number of vacant lots (C), parcels (E), companies (J) and leases (G1). Column (II): Total market value. This value should reflect the market value of the land, the improvement and the taxable personal property for the identified taxing unit before the 10 percent cap is applied. Do not include property that is receiving a total exemption. Some examples are foreign trade zones, low-income housing, religious organizations, etc. Properties (other than agricultural and timber) appraised by special procedures should be reported at the special value. No loss should be reported for properties (other than agricultural and timber) appraised by special procedures. (The category values in this column are used for school funding purposes except Category D1, H and M2).

Total. (Bottom of column II) Report the sum of the total category values. This value should be the same as the value reported in Item 3, Page 1. Total parcels reported in Category D acreage. Report the number of parcels in Category D1 and D2. Uncertified value. Report all uncertified market value in the appropriate category before application of the cap. Do not include totally exempt property. Item 36. Acreage breakdown of district. Please include a copy of the "Ag Recap" from your tax roll and Productivity Value Schedule. Report your column totals for the number of acres, market value and total productivity or taxable value. The column totals reported should match the Agricultural Recap. Column I: Total qualified acres under 1-d and 1-d-1. List the total acres in each land class for which your district grants productivity valuation. Round each total to the nearest whole acre. Do not report acreage under "other agricultural land" unless it qualifies for productivity valuation and is not included in the itemized breakdown. Examples of "other agricultural land" use are floriculture, horticulture or viticulture. If your district reports any timberland, be sure to separately report how much acreage is being reported at productivity valuation and how much acreage (if any) isbeingreportedat1978marketvalue. This column total should equal Category D1 acres on Page 4 and Line 13 acres on Page 1. Column II: Total market value. List the total market value in each land class for which you report acreage. This column total should equal Category D1 value on Page 4. (Please do not list the value per acre.) Column III: Total productivity or taxable value. Report the total productivity or taxable value in each land class for which you report acreage. (Please do not list the value per acre.) (This item is used for school funding purposes.) Note: The total of Column II minus the total of Column III should equal the difference between productivity and market value reported in Item 13 on Page 1. Also Column II cannot exceed the Category D1 value reported in Item 35. If Column II does exceed the Category D1 market value reported in Item 35, you may have included qualified acres from categories other than D1 on Page 4, Item 35. If so, please move these qualified acres and the corresponding market value into D1 under Item 35. ALL QUALIFIED ACRES SHOULD BE REPORTED IN D1. Reports of Property Value Instructions 9

Item 37. Wildlife management breakdown. (PREVIOUS LAND TYPE) For land currently reported under "Wildlife Management," report what the previous land type was before it changed to wildlife management. Please report the qualified acres, total market value and total productivity or taxable value of each class listed in this item. The total for each column under "Wildlife Management Breakdown" should equal the corresponding amount for the wildlife management reported for the district in the "Acreage Breakdown of District" section (Item 36). Item 38. Transition to timber breakdown. Tax Code Section23.59referstoopen-spacelandthathasbeenappraised for at least five years for agricultural productivity value and then is converted from agricultural production to timber production after Sept. 1, 1997. The land may continue to be appraised, at the landowner's option, under the same agricultural category for 15 years from the date of conversion to timber production. The total of each column should equal the corresponding amount for the transition to timber reported for the district in the acreage breakdown section (Item 36). Report the acreage, productivity value and market value for land that is in transition. Item 39. Timberland at productivity breakdown. For land currently reported under "Timberland at Productivity," report the number of acres, total market value, and total productivity or taxable value of each class of timberland. The column totals for this item should equal the corresponding amount for the timber at productivity reported for the district in the acreage breakdown section (Item 36). Timberland values are assigned based on twelve classes ­ three timber types: pine, mixed, and hardwood; and four soil productivity classes, I being the most productive and IV the least. (For further discussion of proper classification of timberlands, see the Manual for the Appraisal of Timberland adopted by rule of the Comptroller's Office and available on our Web site at http://www.window.state. tx.us/taxinfo/proptax/timber04/index.html.) Item 40. Timberland at restricted use breakdown. For land currently reported under "Timberland at Restricted Use," report the number of acres, total market value and total productivity or taxable value of each class of timberland. The column totals for this item should equal the corresponding amount for the timber at restricted use reported for the district in the acreage breakdown section (Item 36). Item 41. Top ten taxpayers. List the top 10 taxpayers in your district in descending order, based on total taxable value. Although the report requests appraised and taxable values for each taxpayer, inclusion on the list is based on the taxpayer's total taxable value rather than total appraised value. 10 Reports of Property Value Instructions

Item 42. Utilities. Report the total appraised value of property in Category J -- Utilities, in the subcategories shown. Include both real and personal property value. If you report any value in "J8 -- other property," please describe that property in the space provided. The total value of the column should equal the Category J value reported in Item 35. Please describe any factors that might affect the value of properties in the district. Please use the space provided or additional sheets, if necessary. Examples are land located in the flood plain, loss of businesses from the tax roll, depleting oil and gas resources, irregular size and shape of vacant lots and loss in value caused by flood and drought. Please sign and date this report, and write your title and office phone number in the appropriate spaces. Return the original and one copy of each document requested by the due date to the address shown on Page 2.

2008 Report on Value Lost Because of the School Tax Limitation on Homesteads of the Elderly/Disabled (Tax Ceiling)
Please complete all sections of the report and submit the original and one copy of each requested document. A school district may not increase the total annual amount of ad valorem tax it imposes on the residence homestead of an individual 65 years or older above the amount of the tax it imposed in the first year the individual qualified that residence homestead for the "over-65" exemption. Please use the following calculations to determine the levy lost to the tax freeze. (This report is also known as the "Freeze Form.") Item 1. Total number of age 65 or older, disabled and qualified age 55 or older surviving spouse homesteads in the school district on which a tax ceiling exists for the 2008 tax year. Item 2. The 2008 total appraised value (if the value is capped at 10 percent per year, use the capped value) of the age 65 or older, disabled and qualified age 55 or older surviving spouse homesteads reported in Item 1 above before the exemptions are deducted. Item 3. The 2008 total appraised value lost to allowable exemptions granted on the age 65 or older, disabled and qualified age 55 or older surviving spouse homesteads reported in Item 1. This value loss ONLY includes the value loss due to state-mandated $15,000 exemptions; $10,000

age 65 or older or disabled exemptions; disabled or deceased veteran's survivor(s) exemptions; solar and windpowered exemptions. Do NOT include any local optional exemptions. Item 4. The 2008 total taxable value of age 65 or older, disabled and qualified age 55 or older surviving spouse homesteads reported in Item 1 after allowable exemptions are deducted. This does NOT include any local optional exemptions (Subtract total in Item 3 from total in Item 2.) Item 5. The 2008 total school district tax rate. Item 6. The 2008 total levy on age 65 or older, disabled and qualified age 55 or older surviving spouse homestead reported in Item 1 that would have been generated (paid) without the tax ceiling. (The 2008 total levy must equal the levy calculated by multiplying the tax rate reported in Item 5 times the value reported in Item 4 times 0.01.) Example: Taxable Value $ 50,000 Tax Rate 1.5 Calculated Levy $ 750 (50,000 x 1.5 x 0.01) Tax Ceiling set at $ 500 (In this case, $500 is also the actual levy) Levy Lost $ 250 $750 is the amount that is calculated before the tax ceiling is applied. This is the amount that would be paid on the property if a tax ceiling did not exist. Item 7. The actual 2008 total levy on age 65 or older, disabled and qualified age 55 or older surviving spouse homesteads reported in Item 1. (will be paid) This amount is the "frozen taxes" or the calculated taxes, whichever is lower. Example 1: Taxable Value Tax Rate Calculated Levy Tax Ceiling set at Actual Levy $ 50,000 1.5 $ 750 (50,000 x 1.5 x 0.01) $ 900 $ 750

In this example, the calculated levy is higher than the $600 tax ceiling. The actual levy paid for this property would be $600 not $750. The levy paid can go lower than the tax ceiling but it cannot go higher. Item 8. The 2008 total levy lost on the age 65 or older, disabled and qualified age 55 or older surviving spouse homesteads reported in Item 1. This amount is not the "frozen" taxes paid but the difference between what would have been paid and what was actually paid. (Subtract total in Item 7 from total in Item 6.) (will not be paid) Example: Taxable Value $ 50,000 Tax Rate 1.5 Calculated Levy $ 750 (50,000 x 1.5 x 0.01) Tax Ceiling set at $ 500 (In this case, $500 is also the actual levy) Levy Lost $ 250 $250 is the amount that is lost where a tax ceiling exits. Item 9. The 2008 total value lost on age 65 or older, disabled and qualified age 55 or older surviving spouse homesteads reported in Item 1. (Must equal Item 8 divided by Item 5, multiplied by 100.) (This item is deducted for school funding purposes.) Item 10. 2008 total appraised value deducted for local optional age 65 or older, disabled and local optional percent to arrive at taxable value granted on the age 65 or older, or disabled and qualified age 55 or older surviving spouse homesteads reported in Item 1. Item 11. Total 2008 value lost on age 65 or older, disabled and qualified age 55 or older surviving spouse homesteads reportedinItem1.(Item9minusItem10.)(THIS VALUE CANNOT BE NEGATIVE.) Item 12. For accounts with active tax ceilings that were implemented before 2007, enter the current-year tax that would have been levied if no tax ceiling existed. (Calculated levy) Item 13. For accounts with active tax ceilings that were implemented before 2007, enter the current-year tax that would have been levied if HB 5 had not been implemented. (Pre-HB 5 levy) Item 14. Actual current-year frozen on accounts with active tax ceilings that were implemented before 2007. (PostHB 5 levy) Please sign and date this report in the appropriate spaces. Return the original by the due date to the address shown on Page 2. Reports of Property Value Instructions 11

Inthisexample,thecalculatedlevyislowerthanthe$900 tax ceiling. The actual levy paid for this property would be $750,not$900. Example 2: Taxable Value Tax Rate Calculated Levy Tax Ceiling set at Actual Levy $ 50,000 1.5 $ 750 (50,000 x 1.5 x 0.01) $ 600 $ 600

2008 School District Report of Property Value -- Short Form Please refer to the instructions on the back of the form. 2008 School District Stratification Survey Please follow the instructions on the form. 2008 Report on Value Lost Because of School District Participation in Tax Increment Financing (TIF)

Please provide supporting recaps for the base value of taxable property and the current appraised value of taxable property. A copy of the district's original inter-local agreement and any amendments for each TIF in which it participates, a copy of the ordinance designating the TIF and a copy of the written notification as required by Tax Code Section 311.003(e) must be provided unless documents were submitted during the previous Property Value Study.

12

Reports of Property Value Instructions

Comptroller of Public Accounts Property Tax Division 2008 REPORT ON VALUE LOST BECAUSE OF VALUE LIMITATIONS UNDER TAX CODE CHAPTER 313
Please submit an original and one copy of this form to the Property Tax Division's Reporting Section. Submit a certified recap that corresponds with the values reported on this report. (See instructions for due dates and addresses.)

All information requested is for the 2008 tax year.
School District Name CAD Name County/Dist./CAD No.

1.

Market value of property subject to a value limitation under the Texas Economic Development Act (Tax Code Chapter 313) after pollution control and other exemptions not related to Tax Code Chapter 313. Limited value of property subject to value limitation. Maintenance and operations (M&O) tax rate. Interest and sinking fund (I&S) tax rate. Total school district tax rate. (Item 3 plus 4.) Hypothetical levy if no value limitation existed. (Item 1 times 5 times 0.01.) Total I&S levy on property with a value limitation. (Item 1 times Item 4 times 0.01.) Total M&O levy on property with a value limitation. (Item 2 times Item 3 times 0.01.)

$ $ $ $ $ $ $ $ $ $ $

2. 3. 4. 5. 6. 7. 8.

9. Totallevyonpropertywithavaluelimitation.(Item7plusItem8.) 10. Levy lost to Tax Code Chapter313,valuelimitations.(Item6minusItem9.) 11. Value lost to Tax Code Chapter 313, value limitations. (Item 10 divided by Item 5 times 100.) Chief appraiser's signature:

___________________________________ Title ______________________________ Date _____________

Reports of Property Value Instructions

13

14

Reports of Property Value Instructions

APPRAISAL DISTRICT
Report of Property Value -- 2008 Item-by-Item Explanation (Self-Reports)
Please complete all sections of the report and submit the original and one copy of each requested document. Submit a certified recap that corresponds with the value reported on this report and the Electronic Appraisal Roll Submission. Recaps should include the breakdown of category values, the breakdown of exemptions and losses, the breakdown of land classes, productivity value schedule, tax increment financing fund(s) and deferred taxes. Required under Property Tax Code Sections 25.24 and 26.01. An item-by-item explanation of the information requested on the Appraisal District Report of Property Value follows: Item 1. Special Taxing Unit(s). Report the jurisdiction name and jurisdiction number for each special taxing unit in your appraisal district. Item 2. Total value. This value should reflect the market value of the land, the improvement and the taxable personal property for the identified taxing unit before the 10 percent cap is applied. Do not include property that is receiving a total exemption. Improvement values are buildings or structures located on or attached to the land. Personal property is all property that is not real property. It includes business equipment, machinery, furniture and so on. This value should equal the total category breakdown and your certified recap total. Item 3. Taxable Value. This item should reflect the total taxable value in the taxing unit after all exemptions have been deducted from the total value. Item 4. Tax Rate. Report the tax rates and total taxes levied in 2008 for each special taxing unit in the district. The total tax rate is equal to the maintenance and operations rate (M&O) plus the interest and sinking fund rate (I&S). Please make copies of Page 1, if necessary, for additional special taxing units in the district. (NOTE: Please notify PTD of any new or closed special taxing units.) Item 5. List the total value shown on the tax roll for each category. Column (1): Number of Items. List the number of items requested in each category. For several categories, we request the number of properties or the number of accounts. For other categories, we request the number of vacant lots (C), parcels (E), companies (J) and leases (G1). Column (2): Total Value. This value should reflect the market value of the land, the improvement and the taxable personal property for the identified taxing unit before the 10 percent cap is applied. Do not include property that is receiving a total exemption. Some examples are foreign trade zones, low-income housing, religious organizations, income producing properties and mineral interest properties less than $500. Properties appraised by special procedures should be reported at the special value. No loss should be reported for properties (other than agricultural and timber) appraised by special procedures. Uncertified Value. Report all uncertified market value in the appropriate category before application of the cap is applied. Do not include totally exempt property. Total (Bottom of Column II). Report the sum of the total category values. Item 6. Acreage breakdown of district. Please include a copy of the "Ag Recap" from your tax roll when you submit this completed report. Report your column totals for the number of acres, market value and total productivity or taxable value. The column totals reported should match the Agricultural Recap. Column I: Total qualified acres under 1-d and 1-d-1. List the total acres in each land category for which your district grants productivity valuation. Round each total to the nearest whole acre. Do not report acreage under "other agricultural land" unless it qualifies for productivity valuation and is not included in the itemized breakdown. Examples of "other agricultural land" use are floriculture, horticulture or viticulture. If you list any acreage under "other agriculture land," please state the type of land or land use in the space provided. This column total should equal Category D1 acres on Page 2.

Reports of Property Value Instructions

15

Column II: Total market value. List the total market value in each land class for which you report acreage. This column total should equal Category D1 value on Page 2. (Please do not list the value per acre.) Column III: Total productivity or taxable value. Report the total productivity or taxable value in each land class for which you report acreage. (Please do not list the value per acre.) Note: Column II must equal Category D1 value reported on Page 2. If Column II exceeds Category D1 market value reported in Item 5, you may have included qualified acres in categories other than D1 on Page 2, Item 5. If so, please move these qualified acres and the corresponding market value into D1 under Item 5. ALL QUALIFIED ACRES SHOULD BE REPORTED IN D1. Item 7. Wildlife management breakdown (PREVIOUS LAND TYPE). For land currently reported under "Wildlife Management," report what the previous land type was before it changed to wildlife management. Please report the qualified acres, total market value and total productivity or taxable value of each class listed in this item. The total for each column under "Wildlife Management Breakdown" should equal the corresponding amount for the wildlife management reported for the district in the "Acreage Breakdown of District" section (Item 6).

Item 8. Transition to timber breakdown. Tax Code Section23.59referstoopen-spacelandthathasbeenappraised for at least five years for agricultural productivity value and then is converted from agricultural production totimberproductionafterSept.1,1997.Thelandmaycontinue to be appraised, at the landowner's option, under the same agricultural category for 15 years from the date of conversion to timber production. The total of each column should equal the corresponding amount for the transition to timber reported for the district in the acreage breakdown section (Item 6). Please report the acreage, productivity value and market value for land that is in transition. Item 9. Please describe any additional information that might affect the value of properties in the district. Please use space provided or additional sheets, if necessary. Examples are land located in the flood plain, loss of businesses from the tax roll, depleting oil and gas resources, irregular size and shape of vacant lots and loss in value caused by flood or drought. Please sign and date this report in the appropriate spaces. Return the original and one copy of each document requested by the due date to the address shown on Page 2. 2008 Appraisal District Report of Property Value -- Short Form Please follow the instructions on the back of the form.

16

Reports of Property Value Instructions

Report of Property Value -- 2008

COUNTY

Item-by-Item Explanation (Self-Reports)
Please complete all sections of the report and submit the original and one copy of each requested document. Submit a certified recap that corresponds with the value reported on this report and the Electronic Appraisal Roll Submission. Recaps should include the breakdown of category values, breakdown of exemptions and losses, the breakdown of land classes, productivity value schedule, tax increment financing fund(s) and deferred taxes. Required under Property Tax Code Sections 25.24 and 26.01. All counties must complete the Indigent Health Care Information (Health and Safety Code Sections 61.040 and 61.041). An item-by-item explanation of the information requested on the County Report of Property Value follows: Item 1. Total market value before the 10 percent cap on residence homesteads (Tax Code Section 23.23) is applied. Include the total market value of all uncertified and Section 26.01[d] property (Tax Code Section 26.01[d]). Use figures based on the appropriate submission date, or if not available, your most current tax roll. Report the total market value of all property in your county. Market value is the value before the application of the cap. (Include the value of totally exempt property and the market value of property receiving productivity valuation.) Item 2. Totally exempt property value. The full market value of any property completely excluded from taxation that is included in total market value above. Even though totally exempt property is not taxable, it may be valued and placed on the appraisal roll. The value of the totally exempt property should be deducted from the appropriate category on Page 3 for reporting purposes. Some examples of totally exempt properties are foreign trade zones, lowincome housing, transitional and habitat housing, religious organizations, federal or state governments, etc. Item 3. Total value (Item 1 minus Item 2 above). This value should reflect the market value of the land, the improvement and the taxable personal property for the identified taxing unit before the 10 percent cap is applied. Do not include

property that is receiving a total exemption. Improvement values are buildings or structures located on or attached to the land. Personal property is all property that is not real property. It includes business equipment, machinery, furniture and so on. This value should equal the total category breakdown on Page 3 and your certified recap total. Item 4. Total value lost to state-mandated $3,000 exemption on farm-to-market/flood control. Each homeowner is entitled to a state-mandated $3,000 exemption on the appraised value of his or her residence homestead (Tax Code Section 11.13[a]). To calculate maximum value allowed, multiply the number of individuals granted this exemption times $3,000. You may not exceed this maximum value. Do not combine the state-mandated $3,000 exemption value loss with any local optional value loss. If the county has the farm-to-market/flood control tax (FM/ FC) and also grants the local optional age 65 or older or disabled homestead exemption, the homeowner qualifying for both does not combine the two exemptions or split the exemption. The homeowner can only receive the local optional age 65 or older or disabled exemption and cannot receive the state mandated $3,000 homestead exemption. (See Tax Code Section 11.13[g] for specifications.) Example: County grants FM/FC and $10,000 local option over-65 or disabled exemption. Correct deductions: Market Value of Property is FM/FC loss Local Optional over-65/disabled Taxable Value: Incorrect deductions: Market Value of Property is FM/FC loss Local Optional over-65/disabled Taxable Value: $ 75,000 0 10,000 $ 65,000 $ 75,000 3,000 7,000 $ 65,000

In the incorrect example, you can not split the local optional age 65 or older or disabled exemption between the state-mandated $3,000 exemption. Report the whole amount of the $10,000 under the local optional age 65 or older or disabled exemption. Report the number granted and the value the county has lost due to this exemption. Reports of Property Value Instructions 17

Item 5. Total value lost to local optional age 65 or older or disabled homestead exemptions. Any person who is 65 or older or is disabled is entitled to a local optional exemption on a portion of the appraised value of his or her residence homestead if the county grants such an exemption. The exemption amount is $3,000 of the appraised value of the residence homestead, unless a larger amount is specified either by the governing body authorizing the exemption or by a favorable vote of a majority of the taxing unit's qualified voters (Tax Code Section 11.13[d] and [e]). To calculate the maximum value allowed, add the number granted for the age 65 or older to the number granted for the disabled, then multiply the number of individuals granted this exemption times the exemption amount adopted. Please do not exceed this maximum value. Report the number granted and the value your county lost for farm-to-market/flood control tax in Item 5a due to this exemption. Report the number granted and the value the county lost for other county tax in Item 5b due to this exemption. Item 6. Total value lost to local option percentage homestead exemptions. Each homeowner is entitled to a local option exemption on a portion of the appraised value of his residence homestead if the county grants such an exemption as provided by law (Tax Code Section 11.13[n]). The taxing unit adopts a percentage ranging up to 20 percent, not a set dollar amount. If the percentage set by the voters produces an exemption in a tax year of less than $5,000, when applied to a particular residence homestead, the individual is entitled to an exemption of $5,000 of the appraised value. Report the number granted for the age 65 or older, the number granted for the disabled and the value the county lost due to this exemption. Note: If a county grants a local option age 65 or older or disabled homestead exemption, Section 11.13[g] of the Tax Code specifies that the local option exemption can not be added to the state mandated $3,000 exemption. ONLY the local option may be taken. Item 7. Total value lost to disabled or deceased veteran's survivor(s) exemptions. A disabled veteran or a deceased veteran's survivor(s) may be entitled to a tax exemption up to $12,000 of the assessed value of a property he or she owns and designates (Tax Code Section 11.22). He or she may receive this exemption on only one property; that property must be the same for every taxing unit in which the individual claims the exemption. To calculate the maximum value allowed, multiply the number of individuals granted this exemption times $12,000. Please do not exceed this maximum value. Report the number granted and the value your county lost for farm-to-market/flood control tax in Item 7a due to this exemption. Report the 18 Reports of Property Value Instructions

number granted and the value the county lost for other county tax in Item 7b due to this exemption. Item 8. Total value lost to freeport exemptions. A person is entitled to a tax exemption on the appraised value of that portion of the person's property consisting of freeport goods unless the county chooses to tax freeport goods (Tax Code Section 11.251). The market value of the freeport exemption must be included in Category L2 on Page 3. Report the number granted and value the county lost due to this exemption. Item 9. Total value lost to personal property in transit (warehouse goods) exemptions. Personal property in transit exemptions are authorized by Tax Code Section 11.253 and entitle a person to a tax exemption on certain personal property in warehouses (warehouse goods) unless the taxing unit chose to tax the property. This exemption requires that the personal property is detained at a location in the state in which the owner of the property does not have an ownership interest for assembling, storing, manufacturing, processing, or fabricating purposes; is transported to another location in this state or outside this state within 175 days after the person acquired the property; and does not include oil, natural gas, petroleum products, aircraft, dealer's motor vehicle inventory, dealer's vessel and outboard motor inventory, dealer's heavy equipment inventory, or retail manufactured housing inventory. Item 10. Total value lost to pollution control exemptions. This section entitles a person to a tax exemption on all or part of real and personal property that the person owns and that is used wholly or partly as a facility, device or method to control air, water or land pollution (Tax Code Section 11.31). Report the number granted and the value the county lost due to this exemption. Item 11. Total value lost to water conservation initiative exemptions. A person is entitled to a tax exemption on part or all of the value of the property on which approved water conservation initiatives have been implemented (Tax Code Section 11.32). Please report the number granted and the value your district lost due to this exemption. Item 12. Total value difference between productivity value and market value of qualified acres (1-d and 1-d-1). Productivity value measures the worth of land based on its income-producing ability (Tax Code Sections 23.41, 23.51 and 23.71). Many farm and ranch owners apply for agricultural-use or open-space valuation (both are forms of productivity valuation). This value is the difference between the market value and the productivity (taxable) value of all qualified land. Make sure that the acres and value reported on this line do not exceed the Category

D1 acres and value reported on Page 3. The total acres reported in this item should equal the acres reported in Category D1 on Page 3. Report the number of acres and the value the county lost due to agricultural and timberuse appraisals. Item 13. Total appraised value lost under Property Redevelopment and Tax Abatement Act. The owner of property subject to an abatement under this act is entitled to an exemption from taxation of all or part of the value of the property as provided by the agreement (Tax Code Section 11.28). This value is the difference between the market value and the taxable value of all the abatements granted in your county. Report the number granted and the value the county lost due to this exemption. Item 14. Total value lost to partial low-income housing exemptions (Tax Code Section 11.1825). The low-income housing exemption was enacted by the Texas Legislature in 2003, with an effective date of Jan. 1, 2004. The law created an exemption for qualifying low-income housing property owned by certain organizations. The value of the property is reported in Category B. The exemption is a mandatory 50 percent value reduction in counties with a population of less than 1.4 million, but is an optional exemption of any amount in the counties with a population of 1.4 million, or greater. County population is based on the 2000 census. Please report the exemption here if it is partial and in Item 2 if it is a total exemption. Note: Continue to report charitable housing exemptions granted under the older statutes (Property Tax Code Sections 11.181, and 11.182) in the totally exempt field. Item 15. Total value lost to solar or wind-powered, prorations and other required partial exemptions. An individual who installs or builds a solar or wind-powered energy device primarily for on-site energy production and distribution is entitled to a tax exemption on that portion of his appraised value (Tax Code Section 11.27). A property may be eligible for taxation for only part of a year (proration) because an exemption other than a residence homestead exemption, applicable on Jan. 1 of that year, terminated during the year (Tax Code Section 26.10). This item also refers to all other required deductions allowed to arrive at taxable value for the district. Report the value the district lost due to this deduction. Example of Prorated Property: The property has a total market value of $25,000 and changed status from taxable to totally exempt. Property was taxable as of Jan. 1 and had a FM/FC exemption of $3,000. Property became totally exempt as of Feb. 1. The proration factor is calculated by dividing the number of days in the year that the property is exempt by 365. This is how you would report the values.

Market Value FM/FC Exemption Loss Total Total Prorated Loss Taxable Value

$ 25,000 - $ 3,000 $ 22,000 $ 22,000 - $ 20,130 $ 1,870

To arrive at the prorated loss, take the 334 days that the property is not being taxed divided by 365 days, whichequals0.915.Then,multiplythetotalof$22,000 by0.915,whichequals$20,130.Thisistheamountthat would be lost for the rest of the year on this property. The $1,870 would be the 31 days that it was taxable property. Item 16. Total value lost to historical exemptions and other non-required exemptions. If a structure is designated as a Recorded Texas Historical Landmark by the Texas Historical Commission or is designated as a historically or archeologically significant site in need of tax relief to encourage its preservation pursuant to an ordinance or other law adopted by a taxing unit's governing body, the governing body, by official action, may grant a tax exemption on part or all of the assessed value of the structure and the land necessary to access and use the structure (Tax Code Section 11.24). Report in this item any other deductions required to calculate taxable value for the district. Report the value lost due to these exemptions and describe which exemption(s), if any, are reported in this space. Do not include any loss for specially appraised properties (public access airport property, recreational park and scenic land, vehicle inventory, residential inventory, etc.) For these properties, the value arrived at by special procedures is market value under the property tax code. Properties (other than agricultural and timber) appraised by special procedures should be reported in market value on Page 3 and on Line 1, at the special value. Agricultural and timber property qualified for productivity valuation must be reported at market value on Item 1, Page 1. Item 17. Value lost to the 10 percent cap on residence homesteads. Tax Code Section 23.23 provides that the appraised value of a residence homestead for a tax year will be limited to the lesser of either its market value or the sum of the market value of any new improvements plus 110 percent per year of the appraised value from the most recent appraisal. The allowance for an annual 10 percent increase is cumulative -- that is, 10 percent times the number of years since the property was last appraised. Therefore, if a homestead increases in value by 20 percent in two years, all of the increase can be added to the appraisal roll. This should equal Line 34 minus Line 35. Report the value lost to the 10 percent per year cap on residential homesteads. Reports of Property Value Instructions 19

Item 18. Total taxable value for farm-to-market/flood control tax purposes. This item should reflect the taxable value for farm-to-market/flood control tax purposes after all appropriate exemptions have been deducted from the total value. To calculate the total taxable value for farmto-market/flood control, take the total value (Item 3) and subtract the value lost from each of the following: statemandated $3,000 exemption (Item 4); local optional age 65 or older or disabled homestead exemption FM/FC (Item 5a); local optional percentage homestead exemption (Item 6); disabled or deceased veterans' exemption for FM/FC (Item 7a); freeport exemption (Item 8); personal property intransit(warehousegoods)exemptions(Item9);pollution control exemption (Item 10); water conservation exemption (Item 11); the difference between Category D1 market value and productivity value (Item 12); tax abatement loss (Item 13); low-income housing exemption (Item 14); solar and wind-powered properties and prorations exemptions (Item 15); and historical, low-income and other deductions (Item 16); value lost to 10 percent per year cap (Item 17). Item 19. Total taxable value for county tax purposes. This item should reflect the total taxable value for county tax purposes after all appropriate exemptions have been deducted from the total value. To calculate the total taxable value for county tax purposes take the total value (Item 3) and subtract the value lost from each of the following: local optional age 65 or older or disabled homestead exemption (Item 5b); local optional percentage homestead exemption (Item 6); disabled or deceased veterans' exemption for county tax purposes (Item 7b); freeport exemption (Item 8); personal property intransit(warehousegoods)exemptions(Item9);pollution control exemption (Item 10); water conservation exemption (Item 11); the difference between Category D1 market value and productivity value (Item 12); tax abatement loss (Item 13); low-income housing exemptions (Item 14); solar and wind-powered properties and prorations exemptions (Item 15); and historical, low-income and other deductions (Item 16); value lost to 10 percent per year cap (Item 17). Item 20. County tax rate for farm-to-market/flood control fund. Report the county tax rate for Farm-to-Market/ Flood Control Fund here. Separate the maintenance and operations tax rate (M&O) from the interest and sinking fund tax rate (I&S). The sum of the two rates should equal the total tax rate. Item 21. County tax rate for general fund. Report the county tax rate for General Fund here. Separate the maintenance and operations tax rate (M&O) from the interest and sinking fund tax rate (I&S). The sum of the two rates should equal the total tax rate. Item 22. County tax rate for the special road & bridge fund. Report the county tax rate for the Special Road & Bridge 20 Reports of Property Value Instructions

Fund here. Separate the maintenance and operations tax rate (M&O) from the interest and sinking fund tax rate (I&S). The sum of the two rates should equal the total tax rate. Item 23. Total county tax rate. This item should reflect the total county tax rate. The sum of the county tax rates for Farm-to-Market/Flood Control Fund (Item 20), General Fund (Item 21) and Special Road & Bridge Fund (Item 22) equals the total county tax rate. Item 24. Actual total county tax levy for farm-to-market/ flood control fund. Report the total amount of tax levy shown on your tax roll for Farm-to-Market/Flood Control Fund. Multiply the total value for Farm-to-Market/Flood Control Fund (Item 18) times the tax rate for Farm-to-Market/Flood Control Fund (Item 20) times 0.01. Round this value to nearest whole dollar. (Do not use decimals.) Please do not adjust this number for anticipated delinquent taxes. Item 25. Actual total county tax levy for general fund. Report the total amount of tax levy shown on your tax roll for General Fund. Multiply the total value for county purposes(Item19)timesthetaxrateforGeneralFund(Item 21) times 0.01. Round this value to nearest whole dollar. (Do not use decimals.) Please do not adjust this number for anticipated delinquent taxes. Item 26. Actual total county tax levy for special road & bridge fund. Report the total amount of tax levy shown on your tax roll for Special Road & Bridge Fund. Multiply the totalvalueforcountypurposes(Item19)timesthetaxratefor Special Road & Bridge Fund (Item 22) times 0.01. Round this value to nearest whole dollars. (Do not use decimals.) Please do not adjust this number for anticipated delinquent taxes. Item 27. Actual total county tax levy. Report the total amount of tax levy shown on your tax roll. Sum Item 24, 25 and 26 to arrive at Item 27. Round this value to nearest whole dollar. (Do not use decimals.) Please do not adjust this number for anticipated delinquent taxes. Item 28. List the total value shown on the tax roll for each category (Page 3): Column (I): Number of Items. List the number of items requested in each category. For several categories, we request the number of properties or the number of accounts. For other categories, we request the number of vacant lots (C), parcels (E), companies (J) and leases (G1). Column (II): Total Value. This value should reflect the market value of the land, the improvement and the taxable personal property for the identified taxing unit before the 10 percent cap is applied. Do not include property that is receiving a total exemption. Some examples are foreign trade zones, low-income housing, religious

organizations, etc. Properties (other than agricultural and timber) appraised by special procedures should be reported at the special value. No loss should be reported for properties appraised by special procedures. (Do not include any value reported in Item 2 on Page 1.) Total. (Bottom of column II) Report the sum of the total category values. This value should be the same as the value reported in Item 3, Page 1. Uncertified value. Report all uncertified market value in the appropriate category before application of the cap is applied. Do not include totally exempt property. Item 29. Total certified property market value. The appraisal review board (ARB) has approved the value reported for this property for the tax year submitted. Do not include any totally exempt property. Item 30. Total uncertified property market value. Value is awaiting Appraisal Review Board approval. Do not include any totally exempt property. Item 31. Total 26.01(d) property market value reported to taxing units. Value is reasonably likely to be taxable by the unit but is not included on the certified appraisal roll. Do not include any totally exempt property. Item 32. Total 2008 projected payment into tax increment financing fund(s). Report the total projected payments into each 2008 tax increment financing fund in which your district participates (Tax Code Section 311.013). Enter the number of tax increment reinvestment zones in which your county participates with a city in your county. Item 33. Last year's actual levy lost to deferred collection of taxes on residence homesteads of elderly or disabled persons and/or appreciating residence homesteads. An individual is entitled to defer or abate a lawsuit to collect a delinquent tax if he is 65 or older and he owns and occupies, as a residence homestead, the property on which the tax subject to the suit is delinquent (Tax Code Section 33.06). An individual may defer or abate a lawsuit to collect a delinquent property tax on the portion of the residence homestead's appraised value that exceeds the market value of any new improvements plus 105 percent of the homestead's appraised value for the preceding year. The homeowner must file the application for deferral with the CAD before taxes actually become delinquent (Tax Code Section 33.065). Please report the levy lost to tax deferrals for the over 65 or increasing home values. Item 34. Market value of residence homesteads to which the 10 percent cap is applied. Tax Code Section 23.23 provides that the chief appraiser shall retain both the mar-

ket value and the capped value of homesteads subject to the 10 percent per year cap. This should equal Line 17 plus Line 35. Report the market value of capped homesteads before application of the cap. Item 35. Capped value of residence homesteads. Tax Code Section 23.23 provides that the chief appraiser shall retain both the market value and the appraised capped value of homesteads subject to the 10 percent per year cap. If it has been three years since the last reappraisal, the percentage would be 30 percent maximum increase since the last reappraisal value. This item should equal Line 34 minus Line 17. Report only the value of capped residential homesteads after application of the cap. Example: Last reappraisal -- two years ago: Previous Appraised Value Current Year Market Value Capped Value at 10 percent per year for two years Value lost to 10 percent cap $ 100,000 $ 130,000 $ 120,000 $ 10,000

For the current year the appraised value (capped value) can only be $120,000 because of the 10 percent cap. The market value for this property would still be $130,000. Item 36. Total levy loss due to the over-65/disabled ceiling. Please report the levy lost to the tax ceiling on homesteads for the elderly/disabled, as provided in the Tax Code Section 11.261. The amount is not the "frozen" taxes paid but the difference between what would have been paid and what was actually paid. Please describe any factors that might affect the value of properties in your county. Please use the space provided or additional sheets, if necessary. Examples are land located in the flood plain, loss of businesses from the tax roll, depleting oil and gas resources, irregular size and shape of vacant lots and loss in value caused by flood and drought. Please sign and date this report, and write your title and office phone number in the appropriate spaces. Return the original and one copy of each document requested by the due date to the address shown on Page 2. 2008 County Report of Property Value -- Short Form Please follow the instructions on the back of the form. 2008 County Indigent Health Care Information All counties MUST fill out this report (Health and Safety Codes Sections 61.040 and 61.041). Please follow the instructions on the back of the form. Reports of Property Value Instructions 21

22

Reports of Property Value Instructions

Report of Property Value -- 2008

CITY

Item-by-Item Explanation (Self-Reports)
Please complete all sections of the report and submit the original and one copy of each requested document. Submit a certified recap that corresponds with the value reported on this report and the Electronic Appraisal Roll Submission. Recaps should include the breakdown of category values, the breakdown of exemptions and losses, the breakdown of land classes, productivity value schedule, tax increment financing fund(s) and deferred taxes. Required under Property Tax Code Sections 25.24 and 26.01. An item-by-item explanation of the information requested on the City Report of Property Value follows: Item 1. Total market value before the 10 percent cap on residence homesteads (Tax Code Section 23.23) is applied. Include the total market value of all uncertified and Section 26.01[d] property (Tax Code Section 26.01[d]). Use figures based on the appropriate submission date, or if not available, your most current tax roll. Report the total market value of all property in your city. Market value is the value before the application of the cap. Include the value of totally exempt property and the market value of property receiving productivity valuation in the total shown. Item 2. Totally exempt property value. Report the full market value of any property completely excluded from taxation that is included in total market value above. Even though totally exempt property is not taxable, it may be valued and placed on the appraisal roll. The value of the totally exempt property should be deducted from the appropriate category on Page 4 for reporting purposes. Some examples of totally exempt properties are foreign trade zones, lowincome housing, transitional and habitat housing, religious organizations, federal or state governments, etc. Item 3. Total value (Item 1 minus Item 2 above). This value should reflect the market value of the land, the improvement and the taxable personal property for the identified taxing unit before the 10 percent cap is applied. Do not include property that is receiving a total exemption. Improvement values are buildings or structures located on or attached to

the land. Personal property is all property that is not real property. It includes business equipment, machinery, furniture and so on. This value should equal the total category breakdown on Page 4 and your certified recap total. NOTE: Cities do not grant a state-mandated exemption or a flat amount of deduction as an exemption. They can only grant a local optional age 65 or older or disabled exemption or a local optional percentage homestead exemption. The taxing unit adopts a percentage up to 20 percent, not a set dollar amount. Item 4. Total value lost to local optional age 65 or older or disabled homestead exemptions. Any person who is 65 or older or is disabled is entitled to a local optional exemption on a portion of the appraised value of his or her residence homestead if the city grants such an exemption. The exemption amount is $3,000 of the appraised value of the residence homestead, unless a larger amount is specified either by the governing body authorizing the exemption or by a favorable vote of a majority of the taxing unit's qualified voters (Tax Code Section 11.13[d] and [e]). To calculate the maximum value allowed, add the number granted for those over 65 to the number granted for the disabled, then multiply the number of individuals granted this exemption times the exemption amount adopted. Please do not exceed this maximum value. Report the number granted for those over 65, the number granted for the disabled and the value the city lost due to this exemption. Item 5. Total value lost to local optional percentage homestead exemptions. Each homeowner is entitled to a local optional exemption on a portion of the appraised value of his or her residence homestead if the city grants such an exemption as provided by law (Tax Code Section 11.13[n]). The taxing unit adopts a percentage up to 20 percent, not a set dollar amount. If the percentage set by the voters produces an exemption in a tax year of less than $5,000, when applied to a particular residence homestead, the individual is entitled to an exemption of $5,000 of the appraised value. Report the number granted for the over 65, the number granted for the disabled and the value the city lost due to this exemption. Item 6. Total value lost to disabled or deceased veteran's survivor(s) exemptions. A disabled veteran or a deceased veteran's survivor(s) may be entitled to a tax exemption up to $12,000 of the assessed value of a property he or she Reports of Property Value Instructions 23

owns and designates (Tax Code Section 11.22). He or she may receive this exemption on only one property; that property must be the same for every taxing unit in which the individual claims the exemption. To calculate the maximum value allowed, multiply the number of individuals granted this exemption times $12,000. Please do not exceed this maximum value. Report the number granted and the value the city lost due to this exemption. Item 7. Total value lost to freeport exemptions. A person is entitled to a tax exemption on the appraised value of that portion of the person's property consisting of freeport goods unless the city chose to tax freeport goods (Tax Code Section 11.251). The market value of the freeport exemption must be included in Category L2 on Page 4. Report the number granted and value the city lost due to this exemption. Item 8. Total value lost to personal property in transit (warehouse goods) exemptions. Personal property in transit exemptions are authorized by Tax Code Section 11.253 and entitle a person to a tax exemption on certain personal property in warehouses (warehouse goods) unless the taxing unit chose to tax the property. This exemption requires that the personal property is detained at a location in the state in which the owner of the property does not have an ownership interest for assembling, storing, manufacturing, processing, or fabricating purposes; is transported to another location in this state or outside this state within 175 days after the person acquired the property; and does not include oil, natural gas, petroleum products, aircraft, dealer's motor vehicle inventory, dealer's vessel and outboard motor inventory, dealer's heavy equipment inventory, or retail manufactured housing inventory. Item 9. Total value lost to pollution control exemptions. This section entitles a person to a tax exemption on all or part of real and personal property that the person owns and that is used wholly or partly as a facility, device or method to control air, water or land pollution (Tax Code Section 11.31). Report the number granted and the value the city lost due to this exemption. Item 10. Total value lost to water conservation initiative exemptions. A person is entitled to a tax exemption on part or all of the value of the property on which approved water conservation initiatives have been implemented (Tax Code Section 11.32). Report the number granted and the value your district lost due to this exemption. Item 11. Total value difference between productivity value and market value of qualified acres (1-d and 1-d-1). Productivity value measures the worth of land based on its income-producing ability (Tax Code Sections 23.41, 23.51 and 23.71). Many farm and ranch owners apply for 24 Reports of Property Value Instructions

agricultural-use or open-space valuation (both are forms of productivity valuation). This value is the difference between the market value and the productivity (taxable) value of all qualified land. Make sure that the acres and value reported on this Line do not exceed the Category D1 acres and value reported on Page 4. The total acres reported in this item should equal the acres reported in Category D1 on Page 4. Report the number of acres and the value the city lost due to agricultural and timber-use appraisals. Item 12. Total appraised value lost under Property Redevelopment and Tax Abatement Act. The owner of property subject to an abatement under this act is entitled to an exemption from taxation of all or part of the value of the property as provided by the agreement (Tax Code Section 11.28). This value is the difference between the market value and the taxable value of all the abatements granted in your city. Report the number granted and the value the city lost due to this exemption. Item 13. Total value lost to partial low-income housing ex-emptions (Tax Code Sec. 11.1825). The low-income housing exemption was enacted by the Texas Legislature in the 2003 session with an effective date of Jan. 1, 2004. The law created an exemption for qualifying low-income housing property owned by certain organizations. The value of the property is reported in Category B. The exemption is a mandatory 50 percent value reduction in counties with a population of less than 1.4 million, but is an optional exemption of any amount in the counties with a population of 1.4 million, or greater. County population is based on the 2000 census. Please report the exemption here if it is partial and in Item 2 if it is a total exemption. Note: Continue to report charitable housing exemptions granted under the older statutes (Property Tax Code Sections 11.181, and 11.182) in the totally exempt field. Item 14. Total value lost to solar and wind-power, prorations and other required partial exemptions. An individual who installs or builds a solar or wind-powered energy device primarily for on-site energy production and distribution is entitled to a tax exemption on that portion of his appraised value (Tax Code Section 11.27). A property is eligible for taxation for only part of a year because an exemption, other than a residence homestead exemption, applicable on Jan. 1 of that year, terminated during the year (Tax Code Section 26.10). This item also refers to all other required deductions allowed to arrive at taxable value for the district. Report the value lost due to this deduction. Example of prorated property. The property has a total market value of $25,000 and changed status from taxable to totally exempt. Property was taxable as of Jan. 1. Property became totally exempt as of Feb. 1. The proration factor is calculated by dividing the number of days in the

year that the property is exempt by 365. This is how you would report the values. Market Value Prorated Loss Taxable Value $ 25,000 ­ $ 22,875 $ 2,125

Item 18. City tax rate. Report the city tax rate here. Separate the maintenance and operations tax rate (M&O) from the interest and sinking fund tax rate (I&S). The sum of the two rates should equal the total tax rate. Item 19. Calculated tax levy. Multiply the total value for city tax purposes (Item 17) by the total tax rate (Item 18), then multiply by 0.01. Round this value to nearest whole dollars. (Do not use decimals.) Item 20. Actual total tax levy. Report the total amount of tax levy shown on your tax roll. Please do not adjust this number for anticipated delinquent taxes. Item 21. Total certified property market value. The appraisal review board (ARB) has approved the value reported for this property for the tax year submitted. Item 22. Total uncertified property market value (must be included in Item 1, on Page 1, and in the total value breakdown on Page 4, Item 29). Value is awaiting ARB approval. Do not include any totally exempt property. Item 23. Total market value reported to taxing units (must be included in Item 1, Page 1, and on Page 4, Item 29). Value is reasonably likely to be taxable by the unit but is not included on the appraisal roll certified (Section 26.01[d], Tax Code). Do not include any totally exempt property. Item 24. Total 2008 projected payments paid into tax increment financing fund(s). Report the total projected payments into each 2008 tax increment financing fund in which your district participates (Section 311.013, Tax Code). Enter the number of tax increment reinvestment zones your city has designated. Item 25. Last year's actual levy lost to deferred collection of taxes on residence homesteads of elderly or disabled persons and or appreciating residence homesteads. An individual is entitled to defer or abate a lawsuit to collect a delinquent tax if he or she is 65 or older and owns and occupies, as a residence homestead, the property on which the tax subject to the suit is delinquent (Tax Code Section 33.06). An individual may defer or abate a lawsuit to collect a delinquent property tax on the portion of the residence homestead's appraised value that exceeds the market value of any new improvements plus 105 percent of the homestead's appraised value for the preceding year. The homeowner must file the application for deferral with the CAD before taxes actually become delinquent (Tax Code Section 33.065). Report the levy lost to tax deferrals for those over 65 or increasing home values. Item 26. Market value of residence homesteads to which the 10 percent cap is applied. Tax Code Section 23.23 provides that the chief appraiser shall retain both the market Reports of Property Value Instructions 25

To arrive at the prorated loss, take the 334 days that the property is not being taxed divided by 365 days, which equals0.915.Then,multiplythetotalof$25,000by0.915, which equals $22,875. This is the amount that would be lost for the rest of the year on this property. The $2,125 would be the 31 days that it was taxable property. Item 15. Total value lost to historical exemptions and other non-required exemptions. If a structure is designated as a Recorded Texas Historical Landmark by the Texas Historical Commission or is designated as a historically or archeologically significant site in need of tax relief to encourage its preservation pursuant to an ordinance or other law adopted by the tax unit's governing body, by official action, it may be granted a tax exemption on part or all of the assessed value of the structure and the land necessary to access and use the structure (Tax Code Section 11.24). Report the value lost due to these exemptions and describe which exemption(s), if any, is reported in this space. Do not include any loss for specially appraised properties (public access airport property, recreational park and scenic land, vehicle inventory, residential inventory, etc.). For these properties, the value arrived at by special procedures is market value under the property tax code. Properties (other than agricultural and timber) appraised by special procedures should be reported in market value on Page 4 and on Line 1, at the special value. Agricultural and timber property qualified for productivity valuation must be reported at market value on Item 1, Page 1. Item 16. Value lost to the 10 percent cap on residential homesteads. Tax Code Section 23.23 provides that the appraised value of a residence homestead for a tax year will be limited to the lesser of either its market value or the sum of the market value of any new improvements plus 110 percent per year of the appraised value from the most recent appraisal. The allowance for an annual 10 percent increase is cumulative -- that is, 10 percent times the number of years since the property was last appraised. Therefore, if a homestead increases in value by 20 percent in two years, all of the increase can be added to the appraisal roll. This should calculate to be Line 26 minus Line 27. Report the value lost to the 10 percent per year cap on residential homesteads. Item 17. Total taxable value for city tax purposes. This item should reflect the total appraised value in your city after all allowable exemptions have been deducted from the total value (Item 3).

value and the capped value of homesteads subject to the 10 percent per year cap. This should equal Line 16 plus Line 27. Report the market value of capped homesteads before application of the cap. Item 27. Capped value of residence homesteads. Tax Code Section 23.23 provides that the chief appraiser shall retain both the market value and the appraised capped value of homesteads subject to the 10 percent per year cap. If it has been three years since the last reappraisal, the percentage would be 30 percent maximum increase since the last reappraisal value. This item should equal Line 26 minus Line 16. Report only the value of capped residential homesteads after application of the cap. Example: Last reappraisal -- two years ago: Previous Appraised Value Current Year Market Value Capped Value at 10 percent per year for two years Value lost to 10 percent cap $ 100,000 $ 130,000 $ 120,000 $ 10,000

examples are foreign trade zones, low-income housing, religious organizations, etc. Properties appraised by special procedures should be reported at the special value. No loss should be reported for properties appraised by special procedures. (Do not include any value reported in Item 2 on Page 1.) Total. (Bottom of column II) Report the sum of the total category values. This value should be the same as the value reported in Item 4, Page 1. Uncertified value. Report all uncertified market value in the appropriate category before application of the cap is applied. Do not include totally exempt property. Item 30. Top ten taxpayers. Please list the top ten taxpayers in your district in descending order, based on total taxable value. Although the report requests appraised and taxable values for each taxpayer, inclusion on the list is based on the taxpayer's total taxable value rather than total appraised value. Please describe any factors that might affect the value of properties in your city. Please use the space provided or additional sheets, if necessary. Examples are land located in the flood plain, loss of businesses from the tax roll, depleting oil and gas resources, irregular size and shape of vacant lots and loss in value caused by flood and drought. Please sign and date this report, and write your title and office phone number in the appropriate spaces. Return the original and one copy of each document requested by the due date to the address shown on Page 2. 2008 City Report of Property Value -- Short Form Please follow the instructions on the back of the form. Cities with population of less than 2,500 Cities that have a population of less than 2,500 are not required to fill out the City Report of Property Value -- Long Form. They should, however, send in some kind of correspondence stating the taxable value for the city, the Maintenance and Operation rate (M&O), the Interest and Sinking rate (I&S), the total tax rate, the actual levy and the city's local percentage homestead exemptions. You may send the information to the address listed on Page 2 or fax the information to the Reporting Section at (512)305-9801or(512)463-2427.

For the current year the appraised value (capped value) can only be $120,000 because of the 10 percent cap. The market value for this property would still be $130,000. Item 28. Total levy loss due to the over-65/disabled ceiling. Please report the levy lost to the tax ceiling on homesteads for the elderly/disabled, as provided in Tax Code Section 11.261. The amount is not the "frozen" taxes paid but the difference between what would have been paid and what was actually paid. Item 29. List the total value shown on the tax roll for each category (Page 4): Column (I): Number of Items. List the number of items requested in each category. For several categories, we request the number of properties or the number of accounts. For other categories, we request the number of vacant lots (C), parcels (E), companies (J) and leases (G1). Column (II): Total Value. This value should reflect the market value of the land, the improvement and the taxable personal property for the identified taxing unit before the 10 percent cap is applied. Do not include property that is receiving a total exemption. Some

26

Reports of Property Value Instructions

Receive tax help via e-mail:

[email protected]
For more information, visit our Web site:

www.window.state.tx.us
For additional copies write: Texas Comptroller of Public Accounts Property Tax Division P.O. Box 13528 Austin, Texas 78711-3528
The Texas Comptroller of Public Accounts is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, or disability in employment or in the provision of any services, programs or activities. In compliance with the Americans with Disabilities Act, this document may be requested in alternative formats by calling toll free (800) 252-5555 or by calling in Austin (512) 463-4600.

Texas Comptroller of Public Accounts Publication #96-329 Revised July 2008

www.window.state.tx.us/taxinfo/taxforms/96-329.pdf