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DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:17:29                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              037/Cherokee                                          VRSN: W
                                                        037-908/New Summerfield ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES            9,834,060               1.0177                    9,663,024                 9,834,060

B.  MULTIFAMILY RESIDENCES                  4,700                   **                        4,700                     4,700

C.  VACANT LOTS                           449,810                   **                      449,810                   449,810

D.  RURAL REAL(TAXABLE)                18,809,530                .9913                   18,973,858                18,809,530

F1. COMMERCIAL REAL                     2,313,800               1.0284                    2,249,903                 2,313,800

F2. INDUSTRIAL REAL                     4,648,100                   **                    4,648,100                 4,648,100

G.  OIL,GAS,MINERALS                       50,880                   **                       50,880                    50,880

J.  UTILITIES                           2,234,400                .9391                    2,379,299                 2,234,400

L1. COMMERCIAL PERSONAL                 1,855,580                   **                    1,855,580                 1,855,580

L2. INDUSTRIAL PERSONAL                 1,796,100                   **                    1,796,100                 1,796,100

M.  MOBILE HOMES                          582,830                   **                      582,830                   582,830

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0

S.  SPECIAL INVENTORY                      27,530                   **                       27,530                    27,530
                              ___________________                               ___________________       ___________________

SUBTOTAL                               42,607,320                                        42,681,614                42,607,320

LESS TOTAL DEDUCTIONS                   9,207,954                                         9,088,687                 9,207,954
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                    33,399,366                                        33,592,927                33,399,366 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS        6,514,696          6,514,696    MKT VALUE NON-QUAL

CAP VALUE LOSS          1,131,285          1,111,610    ACRES & FRM/RNCH IMPRV           14,579,720          .9692        15,043,046

OVER 65 FREZ LOSS       1,561,973          1,462,381    PROD VAL QUAL ACRES               4,229,810         1.0761         3,930,812

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS        9,207,954          9,088,687    TOTAL TAXABLE VALUE              18,809,530                       18,973,858
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:17:29                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              037/Cherokee                                          VRSN: W
                                                        037-908/New Summerfield 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
       36,765,221              3,365,855        33,399,366                       0           36,765,221             33,399,366

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 ****