DATE: 01/31/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:15:10                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              044/Collingsworth                                     VRSN: W
                                                        065-902/Hedley ISD
____________________________________________________________________________________________________________________________________
                                        LOCAL TAX             2004 WTD                     2004 PTD                2004 VALUE
CATEGORY                               ROLL VALUE           MEAN RATIO               VALUE ESTIMATE                  ASSIGNED
________                      ___________________           __________          ___________________             _____________
A.  SINGLE-FAMILY RESIDENCES              101,620                   **                      101,620                   101,620
B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0
C.  VACANT LOTS                             1,950                   **                        1,950                     1,950
D.  RURAL REAL(TAXABLE)                 5,189,300                .9145                    5,674,696                 5,189,300
F1. COMMERCIAL REAL                       164,890                   **                      164,890                   164,890
F2. INDUSTRIAL REAL                           330                   **                          330                       330
G.  OIL,GAS,MINERALS                            0                   **                            0                         0
J.  UTILITIES                             289,010                   **                      289,010                   289,010
L1. COMMERCIAL PERSONAL                    58,280                   **                       58,280                    58,280
L2. INDUSTRIAL PERSONAL                         0                   **                            0                         0
M.  MOBILE HOMES                                0                   **                            0                         0
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________
SUBTOTAL                                5,805,380                                         6,290,776                 5,805,380
LESS TOTAL DEDUCTIONS                     354,999                                           354,999                   354,999
                              ___________________                               ___________________       ___________________
TOTAL TAXABLE VALUE                     5,450,381                                         5,935,777                 5,450,381 T2**
                                                                                ** THIS DISTRICT IS IN YEAR 2 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________
                   LOCAL REPORTED       PTD ESTIMATE                                 LOCAL TAX ROLL          RATIO         PTD VALUE
                   ______________       ____________                                 ______________                      ___________
HOMESTEAD & VETS          293,890            293,890    MKT VALUE NON-QUAL
CAP VALUE LOSS              2,730              2,730    ACRES & FRM/RNCH IMPRV              971,810          .8604         1,129,486
OVER 65 FREZ LOSS          58,379             58,379    PROD VAL QUAL ACRES               4,217,490          .9279         4,545,210
ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________
TOTAL DEDUCTIONS          354,999            354,999    TOTAL TAXABLE VALUE               5,189,300                        5,674,696

DATE: 01/31/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 002
TIME: 11:15:10                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              044/Collingsworth                                     VRSN: W
                                                        065-902/Hedley 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
        5,596,191                145,810         5,450,381                       0            5,596,191              5,450,381
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.

DATE: 01/31/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 003
TIME: 11:15:10                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              065/Donley                                            VRSN: W
                                                        065-902/Hedley ISD
____________________________________________________________________________________________________________________________________
                                        LOCAL TAX             2004 WTD                     2004 PTD                2004 VALUE
CATEGORY                               ROLL VALUE           MEAN RATIO               VALUE ESTIMATE                  ASSIGNED
________                      ___________________           __________          ___________________             _____________
A.  SINGLE-FAMILY RESIDENCES            3,241,254                .9577                    3,384,415                 3,241,254
B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0
C.  VACANT LOTS                            61,581                   **                       61,581                    61,581
D.  RURAL REAL(TAXABLE)                12,502,736                .8558                   14,608,809                12,502,736
F1. COMMERCIAL REAL                       463,267                   **                      463,267                   463,267
F2. INDUSTRIAL REAL                         4,346                   **                        4,346                     4,346
G.  OIL,GAS,MINERALS                       67,861                   **                       67,861                    67,861
J.  UTILITIES                           8,540,289                .9582                    8,912,846                 8,540,289
L1. COMMERCIAL PERSONAL                 1,124,550                   **                    1,124,550                 1,124,550
L2. INDUSTRIAL PERSONAL                         0                   **                            0                         0
M.  MOBILE HOMES                          231,318                   **                      231,318                   231,318
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________
SUBTOTAL                               26,237,202                                        28,858,993                26,237,202
LESS TOTAL DEDUCTIONS                   2,794,823                                         2,868,859                 2,794,823
                              ___________________                               ___________________       ___________________
TOTAL TAXABLE VALUE                    23,442,379                                        25,990,134                23,442,379 T2*
                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________
                   LOCAL REPORTED       PTD ESTIMATE                                 LOCAL TAX ROLL          RATIO         PTD VALUE
                   ______________       ____________                                 ______________                      ___________
HOMESTEAD & VETS        2,390,076          2,390,076    MKT VALUE NON-QUAL
CAP VALUE LOSS            243,662            254,424    ACRES & FRM/RNCH IMPRV            4,951,696          .9243         5,357,239
OVER 65 FREZ LOSS         161,085            224,359    PROD VAL QUAL ACRES               7,551,040          .8162         9,251,570
ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________
TOTAL DEDUCTIONS        2,794,823          2,868,859    TOTAL TAXABLE VALUE              12,502,736                       14,608,809

DATE: 01/31/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 004
TIME: 11:15:10                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              065/Donley                                            VRSN: W
                                                        065-902/Hedley 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
       24,726,958              1,284,579        23,442,379                       0           24,726,958             23,442,379
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.

DATE: 01/31/2005 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 005
TIME: 11:15:10                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                        065-902/Hedley ISD                                          VRSN: W
                                                            SCHOOL DISTRICT TOTALS
____________________________________________________________________________________________________________________________________
                                        LOCAL TAX             2004 WTD                     2004 PTD                2004 VALUE
CATEGORY                               ROLL VALUE           MEAN RATIO               VALUE ESTIMATE                  ASSIGNED
________                      ___________________           __________          ___________________             _____________
A.  SINGLE-FAMILY RESIDENCES            3,342,874                .9589                    3,486,035                 3,342,874
B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0
C.  VACANT LOTS                            63,531                   **                       63,531                    63,531
D.  RURAL REAL(TAXABLE)                17,692,036                .8722                   20,283,505                17,692,036
F1. COMMERCIAL REAL                       628,157                   **                      628,157                   628,157
F2. INDUSTRIAL REAL                         4,676                   **                        4,676                     4,676
G.  OIL,GAS,MINERALS                       67,861                   **                       67,861                    67,861
J.  UTILITIES                           8,829,299                .9595                    9,201,856                 8,829,299
L1. COMMERCIAL PERSONAL                 1,182,830                   **                    1,182,830                 1,182,830
L2. INDUSTRIAL PERSONAL                         0                   **                            0                         0
M.  MOBILE HOMES                          231,318                   **                      231,318                   231,318
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________
SUBTOTAL                               32,042,582                                        35,149,769                32,042,582
LESS TOTAL DEDUCTIONS                   3,149,822                                         3,223,858                 3,149,822
                              ___________________                               ___________________       ___________________
TOTAL TAXABLE VALUE                    28,892,760                                        31,925,911                28,892,760 T2*
____________________________________________________________________________________________________________________________________
                   LOCAL REPORTED       PTD ESTIMATE                                 LOCAL TAX ROLL          RATIO         PTD VALUE
                   ______________       ____________                                 ______________                      ___________
HOMESTEAD & VETS        2,683,966          2,683,966    MKT VALUE NON-QUAL
CAP VALUE LOSS            246,392            257,154    ACRES & FRM/RNCH IMPRV            5,923,506          .9132         6,486,725
OVER 65 FREZ LOSS         219,464            282,738    PROD VAL QUAL ACRES              11,768,530          .8530        13,796,780
ALL OTHER                       0                  0
                   ______________       ____________                                 ______________                      ___________
TOTAL DEDUCTIONS        3,149,822          3,223,858    TOTAL TAXABLE VALUE              17,692,036                       20,283,505
                                                      **** END  OF  REPORT ****