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DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 14:57:16                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              109/Hill                                              VRSN: W
                                                        109-914/Penelope ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES            6,128,240                .9777                    6,268,017                 6,128,240

B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0

C.  VACANT LOTS                           388,900                   **                      388,900                   388,900

D.  RURAL REAL(TAXABLE)                13,097,530                .9590                   13,657,025                13,097,530

F1. COMMERCIAL REAL                       270,750                   **                      270,750                   270,750

F2. INDUSTRIAL REAL                        22,460                   **                       22,460                    22,460

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

J.  UTILITIES                           1,783,300                .9881                    1,804,777                 1,783,300

L1. COMMERCIAL PERSONAL                   491,230                   **                      491,230                   491,230

L2. INDUSTRIAL PERSONAL                   494,820                   **                      494,820                   494,820

M.  MOBILE HOMES                          542,390                   **                      542,390                   542,390

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0

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

SUBTOTAL                               23,219,620                                        23,940,369                23,219,620

LESS TOTAL DEDUCTIONS                   4,076,945                                         4,156,692                 4,076,945
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                    19,142,675                                        19,783,677                19,142,675 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS        3,059,934          3,059,934    MKT VALUE NON-QUAL

CAP VALUE LOSS            420,304            429,891    ACRES & FRM/RNCH IMPRV            8,750,820          .9276         9,433,829

OVER 65 FREZ LOSS         596,707            666,867    PROD VAL QUAL ACRES               4,346,710         1.0292         4,223,196

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS        4,076,945          4,156,692    TOTAL TAXABLE VALUE              13,097,530                       13,657,025
DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 14:57:16                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              109/Hill                                              VRSN: W
                                                        109-914/Penelope 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
       20,763,593              1,620,918        19,142,675                       0           20,763,593             19,142,675

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 ****