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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:13:55                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              113/Houston                                           VRSN: P

                                                        113-903/Lovelady ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES           18,051,530                .9217                   19,585,039                18,051,530
B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0
C.  VACANT LOTS                           738,150                   **                      738,150                   738,150
D.  RURAL REAL(TAXABLE)                67,399,610                .9982                   67,519,873                67,399,610
F1. COMMERCIAL REAL                     1,303,890                   **                    1,303,890                 1,303,890
F2. INDUSTRIAL REAL                       550,130                   **                      550,130                   550,130
G.  OIL,GAS,MINERALS                   32,529,330                .9806                   33,172,884                32,529,330
J.  UTILITIES                          16,818,180                .9338                   18,010,473                16,818,180
L1. COMMERCIAL PERSONAL                 2,331,450                   **                    2,331,450                 2,331,450
L2. INDUSTRIAL PERSONAL                 3,475,590                   **                    3,475,590                 3,475,590
M.  MOBILE HOMES                        3,003,210                   **                    3,003,210                 3,003,210
N.  INTANGIBLE PERS/UNCERT                 28,500                   **                       28,500                    28,500
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________

SUBTOTAL                              146,229,570                                       149,719,189               146,229,570

LESS TOTAL DEDUCTIONS                  18,737,301                                        20,199,363                18,737,301
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   127,492,269                                       129,519,826               127,492,269 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       14,647,490         14,647,490    MKT VALUE NON-QUAL

CAP VALUE LOSS            146,560            159,011    ACRES & FRM/RNCH IMPRV           42,688,310          .9079        47,018,736

OVER 65 FREZ LOSS       3,943,251          5,392,862    PROD VAL QUAL ACRES              24,711,300         1.2054        20,501,137

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       18,737,301         20,199,363    TOTAL TAXABLE VALUE              67,399,610                       67,519,873

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:13:55                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              113/Houston                                           VRSN: P
                                                        113-903/Lovelady 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

      134,941,109              7,448,840       127,492,269                       0          134,941,109            127,492,269

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 VALID, AND LOCAL VALUE WAS CERTIFIED.
                                                      **** END  OF  REPORT ****