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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:58:38                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              015/Bexar                                             VRSN: P

                                                        015-909/Somerset ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES          146,540,434                .8856                  165,470,228               146,540,434
B.  MULTIFAMILY RESIDENCES                280,000                   **                      280,000                   280,000
C.  VACANT LOTS                        19,888,902               1.0246                   19,411,382                19,888,902
D.  RURAL REAL(TAXABLE)                39,422,367                .7990                   49,338,695                39,422,367
F1. COMMERCIAL REAL                    10,667,910                   **                   10,667,910                10,667,910
F2. INDUSTRIAL REAL                             0                   **                            0                         0
G.  OIL,GAS,MINERALS                    2,748,710                   **                    2,748,710                 2,748,710
J.  UTILITIES                           7,981,270                   **                    7,981,270                 7,981,270
L1. COMMERCIAL PERSONAL                 5,556,150                   **                    5,556,150                 5,556,150
L2. INDUSTRIAL PERSONAL                 1,791,840                   **                    1,791,840                 1,791,840
M.  MOBILE HOMES                       31,774,683                   **                   31,774,683                31,774,683
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY               2,604,293                   **                    2,604,293                 2,604,293
S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________

SUBTOTAL                              269,256,559                                       297,625,161               269,256,559

LESS TOTAL DEDUCTIONS                  54,745,609                                        60,136,680                54,745,609
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   214,510,950                                       237,488,481               214,510,950 T2*
                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       42,055,478         42,055,478    MKT VALUE NON-QUAL

CAP VALUE LOSS          6,824,958          7,706,592    ACRES & FRM/RNCH IMPRV           37,100,765          .8034        46,179,693

OVER 65 FREZ LOSS       4,660,059          9,169,496    PROD VAL QUAL ACRES               2,321,602          .7349         3,159,002

ALL OTHER               1,205,114          1,205,114
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       54,745,609         60,136,680    TOTAL TAXABLE VALUE              39,422,367                       49,338,695

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:58:38                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              015/Bexar                                             VRSN: P
                                                        015-909/Somerset 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

      237,156,645             22,645,695       214,510,950                       0          237,156,645            214,510,950

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 ****