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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
17:07:11                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  016  Blanco

-----------------------------------------------------------------------------------------------------------------------------------
                                                 <--------- REPORTED VALUE ------------->          INDEX          PTD ADJUSTED
        SCHOOL DISTRICT                          ACRES          PRODUCTIVITY       $/ACRE          FACTOR         $/ACRE
-----------------------------------------------------------------------------------------------------------------------------------

IRRIGATED CROPLAND  -  PTD VALUE:        202.00

        016-901    Johnson City                       2,059             247,950        120.42         1.0067         203.35
        016-902    Blanco                             4,563             544,150        119.25          .9969         201.37
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   6,622             792,100        119.62

DRY CROPLAND        -  PTD VALUE:         72.00

        016-901    Johnson City                         145              12,070         83.24          .9349          67.31
        016-902    Blanco                             2,887             257,910         89.33         1.0033          72.24
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   3,032             269,980         89.04

IMPROVED PASTURE    -  PTD VALUE:         62.20

        016-901    Johnson City                      14,659           1,179,190         80.44          .9930          61.76
        016-902    Blanco                             6,295             518,290         82.33         1.0163          63.21
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  20,954           1,697,480         81.01

NATIVE PASTURE      -  PTD VALUE:         76.40

        016-901    Johnson City                     303,083          19,303,570         63.69         1.0248          78.29
        016-902    Blanco                           187,092          11,162,608         59.66          .9599          73.34
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 490,175          30,466,178         62.15

SCHOOL DISTRICT ACREAGES AND PRODUCTIVITY VALUE TOTALS INCLUDE LAND RECLASSIFIED TO WILDLIFE AND TIMBER IN TRANSITION.
INDEX CALCULATIONS BASED ON ISD VALUES PER ACRE DIVIDED BY CAD AVERAGE VALUE PER ACRE.

                                                        ** End of Report **