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DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 10:48:24                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              234/Van Zandt                                         VRSN: W
                                                        234-907/Wills Point ISD

____________________________________________________________________________________________________________________________________

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

A.  SINGLE-FAMILY RESIDENCES          196,739,350                .9003                  218,526,436               196,739,350

B.  MULTIFAMILY RESIDENCES              1,355,420                   **                    1,355,420                 1,355,420

C.  VACANT LOTS                         9,140,310                   **                    9,140,310                 9,140,310

D.  RURAL REAL(TAXABLE)               171,299,190               1.0102                  169,564,853               171,299,190

F1. COMMERCIAL REAL                    23,543,360                .6618                   35,574,736                23,543,360

F2. INDUSTRIAL REAL                       354,100                   **                      354,100                   354,100

G.  OIL,GAS,MINERALS                            0                   **                            0                         0

J.  UTILITIES                          28,420,260                .9015                   31,525,524                28,420,260

L1. COMMERCIAL PERSONAL                15,482,770                   **                   15,482,770                15,482,770

L2. INDUSTRIAL PERSONAL                 5,398,080                   **                    5,398,080                 5,398,080

M.  MOBILE HOMES                       18,845,190                   **                   18,845,190                18,845,190

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY               1,832,190                   **                    1,832,190                 1,832,190

S.  SPECIAL INVENTORY                   3,082,820                   **                    3,082,820                 3,082,820
                              ___________________                               ___________________       ___________________

SUBTOTAL                              475,493,040                                       510,682,429               475,493,040

LESS TOTAL DEDUCTIONS                  92,228,029                                       101,896,842                92,228,029
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   383,265,011                                       408,785,587               383,265,011 T2*

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

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

HOMESTEAD & VETS       61,958,760         61,958,760    MKT VALUE NON-QUAL

CAP VALUE LOSS          6,712,020          7,455,315    ACRES & FRM/RNCH IMPRV          159,280,630          .9852       161,673,396

OVER 65 FREZ LOSS      23,557,249         32,482,767    PROD VAL QUAL ACRES              12,018,560         1.5230         7,891,457

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       92,228,029        101,896,842    TOTAL TAXABLE VALUE             171,299,190                      169,564,853
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 10:48:24                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              234/Van Zandt                                         VRSN: W
                                                        234-907/Wills Point 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
      415,872,971             32,607,960       383,265,011                       0          415,872,971            383,265,011

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 ****