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DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:17:08                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              025/Brown                                             VRSN: W
                                                        025-901/Bangs ISD

____________________________________________________________________________________________________________________________________

                                        LOCAL TAX             2004 WTD                     2004 PTD                2004 VALUE
CATEGORY                               ROLL VALUE           MEAN RATIO               VALUE ESTIMATE                  ASSIGNED
________                      ___________________           __________          ___________________             _____________

A.  SINGLE-FAMILY RESIDENCES           86,540,850                .8746                   98,949,062                86,540,850

B.  MULTIFAMILY RESIDENCES                475,230                   **                      475,230                   475,230

C.  VACANT LOTS                         6,522,030                   **                    6,522,030                 6,522,030

D.  RURAL REAL(TAXABLE)                46,596,740                .9401                   49,566,377                46,596,740

F1. COMMERCIAL REAL                     6,527,820                   **                    6,527,820                 6,527,820

F2. INDUSTRIAL REAL                       799,290                   **                      799,290                   799,290

G.  OIL,GAS,MINERALS                    1,932,075                   **                    1,932,075                 1,932,075

J.  UTILITIES                          11,805,680                .9844                   11,992,767                11,805,680

L1. COMMERCIAL PERSONAL                 4,099,016                   **                    4,099,016                 4,099,016

L2. INDUSTRIAL PERSONAL                 4,702,560                   **                    4,702,560                 4,702,560

M.  MOBILE HOMES                        4,133,380                   **                    4,133,380                 4,133,380

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                 965,160                   **                      965,160                   965,160

S.  SPECIAL INVENTORY                     145,100                   **                      145,100                   145,100
                              ___________________                               ___________________       ___________________

SUBTOTAL                              175,244,931                                       190,809,867               175,244,931

LESS TOTAL DEDUCTIONS                  34,454,140                                        38,042,521                34,454,140
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   140,790,791                                       152,767,346               140,790,791 T2*

                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

                   LOCAL REPORTED       PTD ESTIMATE                                 LOCAL TAX ROLL          RATIO         PTD VALUE
                   ______________       ____________                                 ______________                      ___________

HOMESTEAD & VETS       30,512,825         30,512,825    MKT VALUE NON-QUAL

CAP VALUE LOSS            317,435            362,949    ACRES & FRM/RNCH IMPRV           38,383,700          .9330        41,140,086

OVER 65 FREZ LOSS       3,284,963          6,827,830    PROD VAL QUAL ACRES               8,213,040          .9747         8,426,291

ALL OTHER                 338,917            338,917
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       34,454,140         38,042,521    TOTAL TAXABLE VALUE              46,596,740                       49,566,377
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:17:08                                           2004 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              025/Brown                                             VRSN: W
                                                        025-901/Bangs ISD

____________________________________________________________________________________________________________________________________

SB4, PASSED BY THE 1999 LEGISLATURE, REQUIRES THE COMPTROLLER TO CERTIFY ALTERNATIVE MEASURES OF SCHOOL DISTRICT
WEALTH (T1, T3 AND T4) IN ADDITION TO THE TRADITIONAL MEASURE (T2).  QUESTIONS ABOUT THE EXTENT TO WHICH ANY OF
THESE WEALTH MEASURES AFFECT SCHOOL FUNDING SHOULD BE DIRECTED TO THE DIVISION OF STATE FUNDING AT  THE TEXAS
EDUCATION AGENCY, TELEPHONE #512-463-9238


                          LOSS TO                                 50% OF THE LOSS
                      THE ADDITIONAL                           TO THE LOCAL OPTIONAL
                     $10,000 HOMESTEAD                          PERCENTAGE HOMESTEAD
        T1                EXEMPTION               T2                 EXEMPTION                T3                     T4
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
      156,867,502             16,076,711       140,790,791                       0          156,867,502            140,790,791

T1 = SCHOOL DISTRICT TAXABLE VALUE BEFORE THE LOSS TO THE ADDITIONAL $10,000 HOMESTEAD EXEMPTION
T2 = SCHOOL DISTRICT TAXABLE VALUE AFTER THE LOSS TO THE ADDITIONAL $10,000 HOMESTEAD EXEMPTION
T3 = T1 MINUS 50% OF THE LOSS TO THE LOCAL OPTIONAL PERCENTAGE HOMESTEAD EXEMPTION
T4 = T2 MINUS 50% OF THE LOSS TO THE LOCAL OPTIONAL PERCENTAGE HOMESTEAD EXEMPTION


THE PVS FOUND YOUR TAXABLE VALUE TO BE INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN
YEAR ONE/TWO OF A GRACE PERIOD.

                                                      **** END  OF  REPORT ****