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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
17:21:52                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  029  Calhoun

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

IRRIGATED CROPLAND  -  PTD VALUE:        103.20

        029-901    Calhoun County                    19,969           2,591,578        129.78         1.0000         103.20
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  19,969           2,591,578        129.78

DRY CROPLAND        -  PTD VALUE:        202.20

        029-901    Calhoun County                    61,315          15,068,697        245.76         1.0000         202.20
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  61,315          15,068,697        245.76

IMPROVED PASTURE    -  PTD VALUE:         73.80

        029-901    Calhoun County                     5,948             324,385         54.54         1.0000          73.80
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   5,948             324,385         54.54

NATIVE PASTURE      -  PTD VALUE:         50.40

        029-901    Calhoun County                   146,279           3,949,792         27.00         1.0000          50.40
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 146,279           3,949,792         27.00

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 **