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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:29:11                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              168/Mitchell                                          VRSN: P

                                                        168-901/Colorado ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES           44,647,278                .9501                   46,992,188                44,647,278
B.  MULTIFAMILY RESIDENCES              1,087,480                   **                    1,087,480                 1,087,480
C.  VACANT LOTS                         1,524,788                   **                    1,524,788                 1,524,788
D.  RURAL REAL(TAXABLE)                35,632,372                .9299                   38,317,324                35,632,372
F1. COMMERCIAL REAL                    13,810,954                .9480                   14,568,517                13,810,954
F2. INDUSTRIAL REAL                    41,250,328                   **                   41,250,328                41,250,328
G.  OIL,GAS,MINERALS                   21,642,670                .9410                   22,999,649                21,642,670
J.  UTILITIES                          38,912,160                .9374                   41,510,732                38,912,160
L1. COMMERCIAL PERSONAL                 7,864,510                   **                    7,864,510                 7,864,510
L2. INDUSTRIAL PERSONAL                19,837,340                   **                   19,837,340                19,837,340
M.  MOBILE HOMES                        1,270,190                   **                    1,270,190                 1,270,190
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________

SUBTOTAL                              227,480,070                                       237,223,046               227,480,070

LESS TOTAL DEDUCTIONS                  23,364,674                                        24,303,032                23,364,674
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   204,115,396                                       212,920,014               204,115,396 T2*
                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       21,273,965         21,273,965    MKT VALUE NON-QUAL

CAP VALUE LOSS            242,339            255,067    ACRES & FRM/RNCH IMPRV           20,757,182          .9184        22,601,461

OVER 65 FREZ LOSS       1,848,370          2,774,000    PROD VAL QUAL ACRES              14,875,190          .9465        15,715,863

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       23,364,674         24,303,032    TOTAL TAXABLE VALUE              35,632,372                       38,317,324

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:29:11                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              168/Mitchell                                          VRSN: P
                                                        168-901/Colorado 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

      215,273,861             11,158,465       204,115,396                       0          215,273,861            204,115,396

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 ****