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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:30:51                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              178/Nueces                                            VRSN: P

                                                        178-906/London ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES           50,468,322                .9922                   50,865,070                50,468,322
B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0
C.  VACANT LOTS                         2,790,813                   **                    2,790,813                 2,790,813
D.  RURAL REAL(TAXABLE)                24,773,731               1.0728                   23,092,673                24,773,731
F1. COMMERCIAL REAL                     1,509,709                   **                    1,509,709                 1,509,709
F2. INDUSTRIAL REAL                       902,678                   **                      902,678                   902,678
G.  OIL,GAS,MINERALS                   53,530,240                .9847                   54,361,978                53,530,240
J.  UTILITIES                           8,335,735                .9327                    8,937,209                 8,335,735
L1. COMMERCIAL PERSONAL                 1,437,413                   **                    1,437,413                 1,437,413
L2. INDUSTRIAL PERSONAL                 1,267,632                   **                    1,267,632                 1,267,632
M.  MOBILE HOMES                          117,250                   **                      117,250                   117,250
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                       8,900                   **                        8,900                     8,900
                              ___________________                               ___________________       ___________________

SUBTOTAL                              145,142,423                                       145,291,325               145,142,423

LESS TOTAL DEDUCTIONS                   4,293,905                                         4,328,754                 4,293,905
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   140,848,518                                       140,962,571               140,848,518 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS        2,996,500          2,996,500    MKT VALUE NON-QUAL

CAP VALUE LOSS            706,667            712,222    ACRES & FRM/RNCH IMPRV            9,449,393          .9854         9,589,398

OVER 65 FREZ LOSS         370,578            399,872    PROD VAL QUAL ACRES              15,324,338         1.1349        13,503,275

ALL OTHER                 220,160            220,160
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS        4,293,905          4,328,754    TOTAL TAXABLE VALUE              24,773,731                       23,092,673

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:30:51                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              178/Nueces                                            VRSN: P
                                                        178-906/London 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

      142,688,518              1,840,000       140,848,518                       0          142,688,518            140,848,518

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 ****