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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:08:43                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              087/Glasscock                                         VRSN: P

                                                        087-901/Glasscock Co ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES            1,619,550                   **                    1,619,550                 1,619,550
B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0
C.  VACANT LOTS                            92,230                   **                       92,230                    92,230
D.  RURAL REAL(TAXABLE)                34,015,780                .8135                   41,813,873                34,015,780
F1. COMMERCIAL REAL                       877,650                   **                      877,650                   877,650
F2. INDUSTRIAL REAL                     1,698,070                   **                    1,698,070                 1,698,070
G.  OIL,GAS,MINERALS                  352,802,490                .7441                  474,133,168               352,802,490
J.  UTILITIES                          34,440,050                .9935                   34,665,375                34,440,050
L1. COMMERCIAL PERSONAL                   625,620                   **                      625,620                   625,620
L2. INDUSTRIAL PERSONAL                12,478,240                   **                   12,478,240                12,478,240
M.  MOBILE HOMES                          460,070                   **                      460,070                   460,070
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________

SUBTOTAL                              439,109,750                                       568,463,846               439,109,750

LESS TOTAL DEDUCTIONS                   5,692,520                                         5,692,520                 5,692,520
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   433,417,230                                       562,771,326               433,417,230 T2**
                                                                                ** THIS DISTRICT IS IN YEAR 2 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS        4,631,630          4,631,630    MKT VALUE NON-QUAL

CAP VALUE LOSS             45,510             45,510    ACRES & FRM/RNCH IMPRV           16,925,200          .7204        23,494,170

OVER 65 FREZ LOSS         700,070            700,070    PROD VAL QUAL ACRES              17,090,580          .9329        18,319,703

ALL OTHER                 315,310            315,310
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS        5,692,520          5,692,520    TOTAL TAXABLE VALUE              34,015,780                       41,813,873

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:08:43                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              087/Glasscock                                         VRSN: P
                                                        087-901/Glasscock Co 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

      435,982,820              2,565,590       433,417,230               1,253,695          434,729,125            432,163,535

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 ****