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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:29:37                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              170/Montgomery                                        VRSN: P

                                                        170-906/Magnolia ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES        1,342,273,573                .9576                1,401,705,903             1,342,273,573
B.  MULTIFAMILY RESIDENCES              3,210,960                   **                    3,210,960                 3,210,960
C.  VACANT LOTS                       167,032,964                .8895                  187,782,984               167,032,964
D.  RURAL REAL(TAXABLE)               143,851,373                .9930                  144,860,192               143,851,373
F1. COMMERCIAL REAL                    85,576,705                   **                   85,576,705                85,576,705
F2. INDUSTRIAL REAL                     2,503,020                   **                    2,503,020                 2,503,020
G.  OIL,GAS,MINERALS                   42,233,700               1.0000                   42,233,700                42,233,700
J.  UTILITIES                          51,505,329                   **                   51,505,329                51,505,329
L1. COMMERCIAL PERSONAL                62,325,761                   **                   62,325,761                62,325,761
L2. INDUSTRIAL PERSONAL                12,887,520                   **                   12,887,520                12,887,520
M.  MOBILE HOMES                       21,571,692                   **                   21,571,692                21,571,692
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                     266,154                   **                      266,154                   266,154
                              ___________________                               ___________________       ___________________

SUBTOTAL                            1,935,238,751                                     2,016,429,920             1,935,238,751

LESS TOTAL DEDUCTIONS                 193,465,791                                       199,422,646               193,465,791
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                 1,741,772,960                                     1,817,007,274             1,741,772,960 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS      161,846,873        161,846,873    MKT VALUE NON-QUAL

CAP VALUE LOSS         11,657,007         12,173,148    ACRES & FRM/RNCH IMPRV          121,179,809          .9875       122,713,731

OVER 65 FREZ LOSS      18,200,000         23,640,714    PROD VAL QUAL ACRES              22,671,564         1.0237        22,146,461

ALL OTHER               1,761,911          1,761,911
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS      193,465,791        199,422,646    TOTAL TAXABLE VALUE             143,851,373                      144,860,192

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:29:37                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              170/Montgomery                                        VRSN: P
                                                        170-906/Magnolia 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

    1,837,136,973             95,364,013     1,741,772,960                       0        1,837,136,973          1,741,772,960

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 ****