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DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 15:06:00                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              175/Navarro                                           VRSN: W
                                                        175-907/Kerens ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES           48,370,841                .9241                   52,343,730                48,370,841

B.  MULTIFAMILY RESIDENCES                257,010                   **                      257,010                   257,010

C.  VACANT LOTS                        14,604,001                .9834                   14,850,520                14,604,001

D.  RURAL REAL(TAXABLE)                49,161,531                .9213                   53,359,880                49,161,531

F1. COMMERCIAL REAL                     4,420,196                   **                    4,420,196                 4,420,196

F2. INDUSTRIAL REAL                        17,610                   **                       17,610                    17,610

G.  OIL,GAS,MINERALS                    3,990,240                   **                    3,990,240                 3,990,240

J.  UTILITIES                          22,527,560                .9888                   22,782,727                22,527,560

L1. COMMERCIAL PERSONAL                 2,417,507                   **                    2,417,507                 2,417,507

L2. INDUSTRIAL PERSONAL                   357,590                   **                      357,590                   357,590

M.  MOBILE HOMES                        3,586,775                   **                    3,586,775                 3,586,775

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY               1,406,260                   **                    1,406,260                 1,406,260

S.  SPECIAL INVENTORY                      34,199                   **                       34,199                    34,199
                              ___________________                               ___________________       ___________________

SUBTOTAL                              151,151,320                                       159,824,244               151,151,320

LESS TOTAL DEDUCTIONS                  17,806,091                                        19,236,670                17,806,091
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   133,345,229                                       140,587,574               133,345,229 T2*

                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       15,285,070         15,285,070    MKT VALUE NON-QUAL

CAP VALUE LOSS            164,450            177,957    ACRES & FRM/RNCH IMPRV           37,784,281          .8901        42,449,479

OVER 65 FREZ LOSS       2,356,571          3,773,643    PROD VAL QUAL ACRES              11,377,250         1.0428        10,910,401

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       17,806,091         19,236,670    TOTAL TAXABLE VALUE              49,161,531                       53,359,880
DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 15:06:00                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              175/Navarro                                           VRSN: W
                                                        175-907/Kerens 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
      141,264,089              7,918,860       133,345,229                       0          141,264,089            133,345,229

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 ****