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DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:28:52                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              093/Grimes                                            VRSN: W
                                                        093-903/Iola ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES           13,191,550                .8830                   14,939,468                13,191,550

B.  MULTIFAMILY RESIDENCES                 66,530                   **                       66,530                    66,530

C.  VACANT LOTS                           884,720                   **                      884,720                   884,720

D.  RURAL REAL(TAXABLE)                49,965,200               1.0594                   47,163,653                49,965,200

F1. COMMERCIAL REAL                     1,043,250                   **                    1,043,250                 1,043,250

F2. INDUSTRIAL REAL                       114,130                   **                      114,130                   114,130

G.  OIL,GAS,MINERALS                    8,878,084               1.0005                    8,873,647                 8,878,084

J.  UTILITIES                          19,271,750               1.0042                   19,191,147                19,271,750

L1. COMMERCIAL PERSONAL                   806,835                   **                      806,835                   806,835

L2. INDUSTRIAL PERSONAL                 3,422,120                   **                    3,422,120                 3,422,120

M.  MOBILE HOMES                        3,331,730                   **                    3,331,730                 3,331,730

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0

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

SUBTOTAL                              100,975,899                                        99,837,230               100,975,899

LESS TOTAL DEDUCTIONS                  16,318,677                                        18,063,737                16,318,677
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                    84,657,222                                        81,773,493                84,657,222 T2
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       10,964,150         10,964,150    MKT VALUE NON-QUAL

CAP VALUE LOSS            311,370            352,627    ACRES & FRM/RNCH IMPRV           45,482,630         1.0662        42,658,629

OVER 65 FREZ LOSS       5,001,690          6,705,493    PROD VAL QUAL ACRES               4,482,570          .9950         4,505,024

ALL OTHER                  41,467             41,467
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       16,318,677         18,063,737    TOTAL TAXABLE VALUE              49,965,200                       47,163,653
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:28:52                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              093/Grimes                                            VRSN: W
                                                        093-903/Iola 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
       90,440,272              5,783,050        84,657,222                       0           90,440,272             84,657,222

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 ****