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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
17:08:43                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  018  Bosque

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        018-901    Clifton                                0                   0           .00          .0000            .00
        018-902    Meridian                               0                   0           .00          .0000            .00
        018-903    Morgan                                 0                   0           .00          .0000            .00
        018-904    Valley Mills                           0                   0           .00          .0000            .00
        018-905    Walnut Springs                         0                   0           .00          .0000            .00
        018-906    Iredell                                0                   0           .00          .0000            .00
        018-907    Kopperl                                0                   0           .00          .0000            .00
        018-908    Cranfills Gap                          0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

DRY CROPLAND        -  PTD VALUE:        160.30

        018-901    Clifton                           22,224           3,328,140        149.75         1.0255         164.39
        018-902    Meridian                           7,740           1,063,210        137.37          .9407         150.79
        018-903    Morgan                             2,614             367,470        140.58          .9627         154.32
        018-904    Valley Mills                      13,776           2,056,650        149.29         1.0223         163.87
        018-905    Walnut Springs                     4,675             700,490        149.84         1.0261         164.48
        018-906    Iredell                            6,577             968,510        147.26         1.0084         161.65
        018-907    Kopperl                            6,439             939,850        145.96          .9995         160.22
        018-908    Cranfills Gap                      7,388           1,007,120        136.32          .9335         149.64
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  71,433          10,431,440        146.03

IMPROVED PASTURE    -  PTD VALUE:         89.80

        018-901    Clifton                           12,487           1,228,110         98.35         1.0952          98.35
        018-902    Meridian                           6,380             570,360         89.40          .9955          89.40
        018-903    Morgan                             2,439             211,910         86.88          .9675          86.88
        018-904    Valley Mills                       8,730             769,300         88.12          .9813          88.12
        018-905    Walnut Springs                     4,469             380,880         85.23          .9491          85.23
        018-906    Iredell                           10,565             941,460         89.11          .9923          89.11
        018-907    Kopperl                            7,150             647,840         90.61         1.0090          90.61
        018-908    Cranfills Gap                      5,563             438,850         78.89          .8785          78.89
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  57,783           5,188,710         89.80

NATIVE PASTURE      -  PTD VALUE:         62.20

        018-901    Clifton                           89,715           6,371,240         71.02          .9778          60.82
        018-902    Meridian                          69,793           5,043,270         72.26          .9949          61.88
        018-903    Morgan                            28,365           2,126,300         74.96         1.0321          64.20
        018-904    Valley Mills                      80,109           5,742,970         71.69          .9871          61.40
        018-905    Walnut Springs                    53,866           4,032,860         74.87         1.0308          64.12
        018-906    Iredell                           71,871           5,434,560         75.62         1.0412          64.76
        018-907    Kopperl                           38,872           2,804,670         72.15          .9934          61.79
        018-908    Cranfills Gap                     41,394           2,869,990         69.33          .9546          59.38
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 473,985          34,425,860         72.63

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 **