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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:10:17                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              097/Hamilton                                          VRSN: P

                                                        097-903/Hico ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES           31,551,487                .9289                   33,966,506                31,551,487
B.  MULTIFAMILY RESIDENCES                265,120                   **                      265,120                   265,120
C.  VACANT LOTS                           486,330                   **                      486,330                   486,330
D.  RURAL REAL(TAXABLE)                58,681,357                .9154                   64,107,450                58,681,357
F1. COMMERCIAL REAL                     9,661,810                .9677                    9,984,303                 9,661,810
F2. INDUSTRIAL REAL                       169,980                   **                      169,980                   169,980
G.  OIL,GAS,MINERALS                      113,890                   **                      113,890                   113,890
J.  UTILITIES                           7,031,680                .9918                    7,089,816                 7,031,680
L1. COMMERCIAL PERSONAL                 2,609,065                   **                    2,609,065                 2,609,065
L2. INDUSTRIAL PERSONAL                 1,106,849                   **                    1,106,849                 1,106,849
M.  MOBILE HOMES                        1,550,726                   **                    1,550,726                 1,550,726
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                   1,045,270                   **                    1,045,270                 1,045,270
                              ___________________                               ___________________       ___________________

SUBTOTAL                              114,273,564                                       122,495,305               114,273,564

LESS TOTAL DEDUCTIONS                  19,589,431                                        20,919,041                19,589,431
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                    94,684,133                                       101,576,264                94,684,133 T2*
                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       14,480,210         14,480,210    MKT VALUE NON-QUAL

CAP VALUE LOSS                  0                  0    ACRES & FRM/RNCH IMPRV           47,994,587          .9141        52,504,745

OVER 65 FREZ LOSS       5,109,221          6,438,831    PROD VAL QUAL ACRES              10,686,770          .9211        11,602,705

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       19,589,431         20,919,041    TOTAL TAXABLE VALUE              58,681,357                       64,107,450

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:10:17                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              097/Hamilton                                          VRSN: P
                                                        097-903/Hico 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

      102,042,063              7,357,930        94,684,133                       0          102,042,063             94,684,133

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 ****