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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
18:08:27                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  065  Donley

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

IRRIGATED CROPLAND  -  PTD VALUE:        227.10

        065-901    Clarendon                          9,212           1,963,868        213.19         1.0174         231.05
        065-902    Hedley                             1,404             260,754        185.72          .8863         201.28
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  10,616           2,224,622        209.55

DRY CROPLAND        -  PTD VALUE:         91.20

        065-901    Clarendon                         60,845           8,334,255        136.98         1.0142          92.50
        065-902    Hedley                            19,344           2,496,092        129.04          .9554          87.13
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  80,189          10,830,347        135.06

IMPROVED PASTURE    -  PTD VALUE:           .00

        065-901    Clarendon                              0                   0           .00          .0000            .00
        065-902    Hedley                                 0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

NATIVE PASTURE      -  PTD VALUE:         38.90

        065-901    Clarendon                        463,950          14,955,071         32.23          .9682          37.66
        065-902    Hedley                           119,974           4,484,321         37.38         1.1229          43.68
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 583,924          19,439,392         33.29

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 **