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DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:39:54                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              182/Palo Pinto                                        VRSN: W
                                                        182-906/Palo Pinto ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES          158,200,390               1.1331                  139,617,324               158,200,390

B.  MULTIFAMILY RESIDENCES              2,120,900                   **                    2,120,900                 2,120,900

C.  VACANT LOTS                        45,148,510                .8263                   54,639,368                45,148,510

D.  RURAL REAL(TAXABLE)                14,548,240                .9030                   16,111,020                14,548,240

F1. COMMERCIAL REAL                     8,737,940                   **                    8,737,940                 8,737,940

F2. INDUSTRIAL REAL                             0                   **                            0                         0

G.  OIL,GAS,MINERALS                   11,576,200                   **                   11,576,200                11,576,200

J.  UTILITIES                           7,012,620                   **                    7,012,620                 7,012,620

L1. COMMERCIAL PERSONAL                 2,270,420                   **                    2,270,420                 2,270,420

L2. INDUSTRIAL PERSONAL                    62,250                   **                       62,250                    62,250

M.  MOBILE HOMES                          619,280                   **                      619,280                   619,280

N.  INTANGIBLE PERS/UNCERT                100,880                   **                      100,880                   100,880

O.  RESIDENTIAL INVENTORY               3,762,880                   **                    3,762,880                 3,762,880

S.  SPECIAL INVENTORY                      50,340                   **                       50,340                    50,340
                              ___________________                               ___________________       ___________________

SUBTOTAL                              254,210,850                                       246,681,422               254,210,850

LESS TOTAL DEDUCTIONS                  12,662,874                                        10,980,207                12,662,874
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   241,547,976                                       235,701,215               241,547,976 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS        5,021,140          5,021,140    MKT VALUE NON-QUAL

CAP VALUE LOSS          3,647,130          3,218,719    ACRES & FRM/RNCH IMPRV            9,721,370          .9075        10,712,253

OVER 65 FREZ LOSS       3,994,604          2,740,348    PROD VAL QUAL ACRES               4,826,870          .8941         5,398,767

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       12,662,874         10,980,207    TOTAL TAXABLE VALUE              14,548,240                       16,111,020
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:39:54                                           2004 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              182/Palo Pinto                                        VRSN: W
                                                        182-906/Palo Pinto 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
      244,152,996              2,605,020       241,547,976               3,295,195          240,857,801            238,252,781

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 ****