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DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 14:56:58                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              109/Hill                                              VRSN: W
                                                        109-903/Covington ISD

____________________________________________________________________________________________________________________________________

                                        LOCAL TAX             2005 WTD                     2005 PTD                2005 VALUE
CATEGORY                               ROLL VALUE           MEAN RATIO               VALUE ESTIMATE                  ASSIGNED
________                      ___________________           __________          ___________________             _____________

A.  SINGLE-FAMILY RESIDENCES           13,325,930               1.0392                   12,823,258                13,325,930

B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0

C.  VACANT LOTS                           539,290                   **                      539,290                   539,290

D.  RURAL REAL(TAXABLE)                35,235,089               1.0066                   35,005,797                35,235,089

F1. COMMERCIAL REAL                       643,980                   **                      643,980                   643,980

F2. INDUSTRIAL REAL                             0                   **                            0                         0

G.  OIL,GAS,MINERALS                            0                   **                            0                         0

J.  UTILITIES                           2,167,770                   **                    2,167,770                 2,167,770

L1. COMMERCIAL PERSONAL                   351,730                   **                      351,730                   351,730

L2. INDUSTRIAL PERSONAL                         0                   **                            0                         0

M.  MOBILE HOMES                        1,783,600                   **                    1,783,600                 1,783,600

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0

S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________

SUBTOTAL                               54,047,389                                        53,315,425                54,047,389

LESS TOTAL DEDUCTIONS                  12,891,723                                        12,402,140                12,891,723
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                    41,155,666                                        40,913,285                41,155,666 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS        7,687,937          7,687,937    MKT VALUE NON-QUAL

CAP VALUE LOSS          1,920,360          1,847,921    ACRES & FRM/RNCH IMPRV           32,353,910          .9950        32,516,492

OVER 65 FREZ LOSS       2,463,170          2,046,026    PROD VAL QUAL ACRES               2,881,179         1.1574         2,489,305

ALL OTHER                 820,256            820,256
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       12,891,723         12,402,140    TOTAL TAXABLE VALUE              35,235,089                       35,005,797
DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 14:56:58                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              109/Hill                                              VRSN: W
                                                        109-903/Covington 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
       45,184,523              4,028,857        41,155,666                       0           45,184,523             41,155,666

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 ****