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DATE: 01/27/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:51:37                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              234/Van Zandt                                         VRSN: W
                                                        234-902/Canton ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES          208,823,190                .9056                  230,590,978               208,823,190

B.  MULTIFAMILY RESIDENCES              3,694,120                   **                    3,694,120                 3,694,120

C.  VACANT LOTS                         4,606,940                   **                    4,606,940                 4,606,940

D.  RURAL REAL(TAXABLE)               165,648,630               1.0204                  162,344,674               165,648,630

F1. COMMERCIAL REAL                   104,217,110                .9289                  112,194,111               104,217,110

F2. INDUSTRIAL REAL                       669,610                   **                      669,610                   669,610

G.  OIL,GAS,MINERALS                    2,392,661                   **                    2,392,661                 2,392,661

J.  UTILITIES                          23,333,060                   **                   23,333,060                23,333,060

L1. COMMERCIAL PERSONAL                31,394,350               1.0223                   30,709,528                31,394,350

L2. INDUSTRIAL PERSONAL                 9,726,560                   **                    9,726,560                 9,726,560

M.  MOBILE HOMES                        8,613,040                   **                    8,613,040                 8,613,040

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                 723,230                   **                      723,230                   723,230

S.  SPECIAL INVENTORY                   3,494,920                   **                    3,494,920                 3,494,920
                              ___________________                               ___________________       ___________________

SUBTOTAL                              567,337,421                                       593,093,432               567,337,421

LESS TOTAL DEDUCTIONS                  97,165,635                                       108,217,963                97,165,635
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   470,171,786                                       484,875,469               470,171,786 T2*

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

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

HOMESTEAD & VETS       57,682,280         57,682,280    MKT VALUE NON-QUAL

CAP VALUE LOSS          4,709,480          5,200,398    ACRES & FRM/RNCH IMPRV          156,155,990          .9997       156,202,851

OVER 65 FREZ LOSS      34,773,875         45,335,285    PROD VAL QUAL ACRES               9,492,640         1.5456         6,141,823

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       97,165,635        108,217,963    TOTAL TAXABLE VALUE             165,648,630                      162,344,674
DATE: 01/27/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:51:37                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              234/Van Zandt                                         VRSN: W
                                                        234-902/Canton 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
      499,077,676             28,905,890       470,171,786                       0          499,077,676            470,171,786

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 ****