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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:03:59                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              055/Culberson                                         VRSN: P

                                                        055-901/Culberson-Allamore I

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES           17,850,680                .9631                   18,534,607                17,850,680
B.  MULTIFAMILY RESIDENCES                240,750                   **                      240,750                   240,750
C.  VACANT LOTS                        10,098,620                .9504                   10,625,652                10,098,620
D.  RURAL REAL(TAXABLE)                25,627,760                .7911                   32,396,149                25,627,760
F1. COMMERCIAL REAL                    18,135,040                .9776                   18,550,573                18,135,040
F2. INDUSTRIAL REAL                    42,692,120                   **                   42,692,120                42,692,120
G.  OIL,GAS,MINERALS                   10,984,050               1.0938                   10,042,101                10,984,050
J.  UTILITIES                          79,347,070                .8714                   91,057,000                79,347,070
L1. COMMERCIAL PERSONAL                 6,255,270                   **                    6,255,270                 6,255,270
L2. INDUSTRIAL PERSONAL                 8,331,770                   **                    8,331,770                 8,331,770
M.  MOBILE HOMES                        1,922,050                   **                    1,922,050                 1,922,050
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                  22,440                   **                       22,440                    22,440
S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________

SUBTOTAL                              221,507,620                                       240,670,482               221,507,620

LESS TOTAL DEDUCTIONS                  10,563,560                                        10,681,634                10,563,560
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   210,944,060                                       229,988,848               210,944,060 T2*
                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS        7,974,350          7,974,350    MKT VALUE NON-QUAL

CAP VALUE LOSS            142,010            147,451    ACRES & FRM/RNCH IMPRV            6,683,620          .9682         6,903,140

OVER 65 FREZ LOSS         416,700            529,333    PROD VAL QUAL ACRES              18,944,140          .7431        25,493,009

ALL OTHER               2,030,500          2,030,500
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       10,563,560         10,681,634    TOTAL TAXABLE VALUE              25,627,760                       32,396,149

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:03:59                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              055/Culberson                                         VRSN: P
                                                        055-901/Culberson-Allamore I

____________________________________________________________________________________________________________________________________

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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

      215,415,620              4,471,560       210,944,060                       0          215,415,620            210,944,060

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 ****