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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
17:31:53                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  037  Cherokee

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        037-901    Alto                                   0                   0           .00          .0000            .00
        037-904    Jacksonville                           0                   0           .00          .0000            .00
        037-907    Rusk                                   0                   0           .00          .0000            .00
        037-908    New Summerfield                        0                   0           .00          .0000            .00
        037-909    Wells                                  0                   0           .00          .0000            .00
        212-904    Troup                                  0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

DRY CROPLAND        -  PTD VALUE:        127.50

        037-901    Alto                                 601              57,120         95.04          .9993         127.41
        037-904    Jacksonville                       1,852             176,250         95.17         1.0006         127.58
        037-907    Rusk                                 441              41,980         95.19         1.0008         127.60
        037-908    New Summerfield                      179              16,970         94.80          .9967         127.08
        037-909    Wells                                884              84,000         95.02          .9991         127.39
        212-904    Troup                                233              22,190         95.24         1.0014         127.68
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   4,190             398,510         95.11

IMPROVED PASTURE    -  PTD VALUE:         79.00

        037-901    Alto                               9,989             949,360         95.04          .9989          78.91
        037-904    Jacksonville                      12,115           1,155,850         95.41         1.0028          79.22
        037-907    Rusk                              14,209           1,350,500         95.05          .9991          78.93
        037-908    New Summerfield                    5,599             532,100         95.03          .9988          78.91
        037-909    Wells                              5,597             531,980         95.05          .9991          78.93
        212-904    Troup                             10,088             960,270         95.19         1.0005          79.04
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  57,597           5,480,060         95.14

NATIVE PASTURE      -  PTD VALUE:         58.90

        037-901    Alto                              31,340           2,978,360         95.03          .9995          58.87
        037-904    Jacksonville                      54,433           5,175,630         95.08         1.0000          58.90
        037-907    Rusk                              49,699           4,724,790         95.07          .9999          58.89
        037-908    New Summerfield                   12,470           1,185,120         95.04          .9996          58.88
        037-909    Wells                             13,256           1,259,800         95.04          .9996          58.88
        212-904    Troup                             33,436           3,181,450         95.15         1.0007          58.94
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 194,634          18,505,150         95.08

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 **