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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:29:35                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              170/Montgomery                                        VRSN: P

                                                        170-904/Willis ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES          923,495,039                .9341                  988,646,868               923,495,039
B.  MULTIFAMILY RESIDENCES              2,573,461                   **                    2,573,461                 2,573,461
C.  VACANT LOTS                        99,405,605                .9043                  109,925,473                99,405,605
D.  RURAL REAL(TAXABLE)                81,389,983                .9927                   81,986,007                81,389,983
F1. COMMERCIAL REAL                    97,766,005                .9363                  104,417,393                97,766,005
F2. INDUSTRIAL REAL                    41,189,756                   **                   41,189,756                41,189,756
G.  OIL,GAS,MINERALS                      177,620                   **                      177,620                   177,620
J.  UTILITIES                          48,947,277                   **                   48,947,277                48,947,277
L1. COMMERCIAL PERSONAL                74,800,215                .9634                   77,641,909                74,800,215
L2. INDUSTRIAL PERSONAL                20,092,141                   **                   20,092,141                20,092,141
M.  MOBILE HOMES                        6,611,562                   **                    6,611,562                 6,611,562
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                     214,310                   **                      214,310                   214,310
                              ___________________                               ___________________       ___________________

SUBTOTAL                            1,396,662,974                                     1,482,423,777             1,396,662,974

LESS TOTAL DEDUCTIONS                 219,841,540                                       235,772,790               219,841,540
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                 1,176,821,434                                     1,246,650,987             1,176,821,434 T2*
                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS      125,960,540        125,960,540    MKT VALUE NON-QUAL

CAP VALUE LOSS         22,242,286         23,811,461    ACRES & FRM/RNCH IMPRV           45,452,375          .9705        46,833,977

OVER 65 FREZ LOSS      66,059,020         80,421,095    PROD VAL QUAL ACRES              35,937,608         1.0223        35,152,030

ALL OTHER               5,579,694          5,579,694
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS      219,841,540        235,772,790    TOTAL TAXABLE VALUE              81,389,983                       81,986,007

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:29:35                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              170/Montgomery                                        VRSN: P
                                                        170-904/Willis 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

    1,245,197,564             68,376,130     1,176,821,434                       0        1,245,197,564          1,176,821,434

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 ****