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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:32:35                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              190/Rains                                             VRSN: P

                                                        190-903/Rains ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES          173,344,648                .9303                  186,331,988               173,344,648
B.  MULTIFAMILY RESIDENCES                962,021                   **                      962,021                   962,021
C.  VACANT LOTS                        10,566,318                   **                   10,566,318                10,566,318
D.  RURAL REAL(TAXABLE)               123,070,482                .7895                  155,876,402               123,070,482
F1. COMMERCIAL REAL                    25,257,353                .9099                   27,758,383                25,257,353
F2. INDUSTRIAL REAL                     1,041,261                   **                    1,041,261                 1,041,261
G.  OIL,GAS,MINERALS                   33,625,200               1.0214                   32,920,697                33,625,200
J.  UTILITIES                          13,067,093                   **                   13,067,093                13,067,093
L1. COMMERCIAL PERSONAL                13,773,825                   **                   13,773,825                13,773,825
L2. INDUSTRIAL PERSONAL                 4,000,600                   **                    4,000,600                 4,000,600
M.  MOBILE HOMES                        5,828,802                   **                    5,828,802                 5,828,802
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY               2,021,477                   **                    2,021,477                 2,021,477
S.  SPECIAL INVENTORY                     221,900                   **                      221,900                   221,900
                              ___________________                               ___________________       ___________________

SUBTOTAL                              406,780,980                                       454,370,767               406,780,980

LESS TOTAL DEDUCTIONS                  85,264,730                                        91,027,690                85,264,730
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   321,516,250                                       363,343,077               321,516,250 T2**
                                                                                ** THIS DISTRICT IS IN YEAR 2 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       48,079,087         48,079,087    MKT VALUE NON-QUAL

CAP VALUE LOSS         21,266,949         22,860,313    ACRES & FRM/RNCH IMPRV          112,184,219          .7647       146,703,569

OVER 65 FREZ LOSS      15,513,220         19,682,816    PROD VAL QUAL ACRES              10,886,263         1.1868         9,172,833

ALL OTHER                 405,474            405,474
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       85,264,730         91,027,690    TOTAL TAXABLE VALUE             123,070,482                      155,876,402

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:32:35                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              190/Rains                                             VRSN: P
                                                        190-903/Rains 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

      346,394,016             24,877,766       321,516,250                       0          346,394,016            321,516,250

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 ****