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DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 14:58:03                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              113/Houston                                           VRSN: W
                                                        113-903/Lovelady ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES           19,312,690                .8948                   21,583,248                19,312,690

B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0

C.  VACANT LOTS                           822,430                   **                      822,430                   822,430

D.  RURAL REAL(TAXABLE)                71,449,330                .9828                   72,698,198                71,449,330

F1. COMMERCIAL REAL                     1,321,730                   **                    1,321,730                 1,321,730

F2. INDUSTRIAL REAL                       526,530                   **                      526,530                   526,530

G.  OIL,GAS,MINERALS                   47,335,280               1.0206                   46,379,855                47,335,280

J.  UTILITIES                          17,265,780                .9836                   17,553,660                17,265,780

L1. COMMERCIAL PERSONAL                 2,508,840                   **                    2,508,840                 2,508,840

L2. INDUSTRIAL PERSONAL                 3,310,340                   **                    3,310,340                 3,310,340

M.  MOBILE HOMES                        2,930,660                   **                    2,930,660                 2,930,660

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0

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

SUBTOTAL                              166,783,610                                       169,635,491               166,783,610

LESS TOTAL DEDUCTIONS                  19,306,816                                        21,545,930                19,306,816
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   147,476,794                                       148,089,561               147,476,794 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       14,798,976         14,798,976    MKT VALUE NON-QUAL

CAP VALUE LOSS            186,890            208,862    ACRES & FRM/RNCH IMPRV           45,899,800          .9270        49,514,347

OVER 65 FREZ LOSS       4,320,950          6,538,092    PROD VAL QUAL ACRES              25,549,530         1.1020        23,183,851

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       19,306,816         21,545,930    TOTAL TAXABLE VALUE              71,449,330                       72,698,198
DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 14:58:03                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              113/Houston                                           VRSN: W
                                                        113-903/Lovelady 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
      154,908,471              7,431,677       147,476,794                       0          154,908,471            147,476,794

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 ****