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DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:25:13                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              084/Galveston                                         VRSN: W
                                                        084-908/Hitchcock ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES          214,687,025                .9548                  224,850,257               214,687,025

B.  MULTIFAMILY RESIDENCES              7,206,130                   **                    7,206,130                 7,206,130

C.  VACANT LOTS                        19,932,810                .9451                   21,090,689                19,932,810

D.  RURAL REAL(TAXABLE)                11,752,520                .9739                   12,067,811                11,752,520

F1. COMMERCIAL REAL                    29,343,830                .9409                   31,186,981                29,343,830

F2. INDUSTRIAL REAL                     1,909,790                   **                    1,909,790                 1,909,790

G.  OIL,GAS,MINERALS                    7,426,340                   **                    7,426,340                 7,426,340

J.  UTILITIES                          26,758,170               1.0624                   25,186,530                26,758,170

L1. COMMERCIAL PERSONAL                18,599,137               1.0003                   18,593,559                18,599,137

L2. INDUSTRIAL PERSONAL                 1,433,110                   **                    1,433,110                 1,433,110

M.  MOBILE HOMES                        2,569,230                   **                    2,569,230                 2,569,230

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                  34,860                   **                       34,860                    34,860

S.  SPECIAL INVENTORY                     466,430                   **                      466,430                   466,430
                              ___________________                               ___________________       ___________________

SUBTOTAL                              342,119,382                                       354,021,717               342,119,382

LESS TOTAL DEDUCTIONS                  48,993,291                                        51,246,058                48,993,291
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   293,126,091                                       302,775,659               293,126,091 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       36,001,985         36,001,985    MKT VALUE NON-QUAL

CAP VALUE LOSS          3,770,620          3,949,120    ACRES & FRM/RNCH IMPRV           10,041,000             **        10,041,000

OVER 65 FREZ LOSS       8,925,616         10,999,883    PROD VAL QUAL ACRES               1,711,520          .8444         2,026,811

ALL OTHER                 295,070            295,070
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       48,993,291         51,246,058    TOTAL TAXABLE VALUE              11,752,520                       12,067,811
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:25:13                                           2004 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              084/Galveston                                         VRSN: W
                                                        084-908/Hitchcock 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
      312,159,856             19,033,765       293,126,091                       0          312,159,856            293,126,091

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 ****