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DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:19:46                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              043/Collin                                            VRSN: W
                                                        043-919/Lovejoy ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES          811,457,419                .9991                  812,188,389               811,457,419

B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0

C.  VACANT LOTS                        31,088,014                .9318                   33,363,398                31,088,014

D.  RURAL REAL(TAXABLE)                27,546,646               1.0017                   27,500,419                27,546,646

F1. COMMERCIAL REAL                     8,576,395                   **                    8,576,395                 8,576,395

F2. INDUSTRIAL REAL                       624,886                   **                      624,886                   624,886

G.  OIL,GAS,MINERALS                            0                   **                            0                         0

J.  UTILITIES                           4,729,339                   **                    4,729,339                 4,729,339

L1. COMMERCIAL PERSONAL                 4,346,364                   **                    4,346,364                 4,346,364

L2. INDUSTRIAL PERSONAL                         0                   **                            0                         0

M.  MOBILE HOMES                           74,525                   **                       74,525                    74,525

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY              41,061,464                   **                   41,061,464                41,061,464

S.  SPECIAL INVENTORY                       7,650                   **                        7,650                     7,650
                              ___________________                               ___________________       ___________________

SUBTOTAL                              929,512,702                                       932,472,829               929,512,702

LESS TOTAL DEDUCTIONS                  60,332,171                                        60,390,085                60,332,171
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   869,180,531                                       872,082,744               869,180,531 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       41,482,800         41,482,800    MKT VALUE NON-QUAL

CAP VALUE LOSS          2,495,408          2,497,656    ACRES & FRM/RNCH IMPRV           27,195,115             **        27,195,115

OVER 65 FREZ LOSS      16,172,973         16,228,639    PROD VAL QUAL ACRES                 351,531         1.1514           305,304

ALL OTHER                 180,990            180,990
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       60,332,171         60,390,085    TOTAL TAXABLE VALUE              27,546,646                       27,500,419
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:19:46                                           2004 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              043/Collin                                            VRSN: W
                                                        043-919/Lovejoy 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
      893,910,531             24,730,000       869,180,531                       0          893,910,531            869,180,531

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


THE PVS FOUND YOUR TAXABLE VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.

                                                      **** END  OF  REPORT ****