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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
18:24:33                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  077  Floyd

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

IRRIGATED CROPLAND  -  PTD VALUE:        199.60

        077-901    Floydada                          58,261          15,667,934        268.93         1.0092         201.44
        077-902    Lockney                           50,989          13,445,025        263.68          .9895         197.50
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 109,250          29,112,959        266.48

DRY CROPLAND        -  PTD VALUE:        158.50

        077-901    Floydada                         242,706          34,826,787        143.49         1.0031         158.99
        077-902    Lockney                           87,672          12,432,534        141.81          .9913         157.12
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 330,378          47,259,321        143.05

IMPROVED PASTURE    -  PTD VALUE:           .00

        077-901    Floydada                               0                   0           .00          .0000            .00
        077-902    Lockney                                0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

NATIVE PASTURE      -  PTD VALUE:         39.60

        077-901    Floydada                          97,359           2,955,196         30.35          .9957          39.43
        077-902    Lockney                           17,389             542,186         31.18         1.0230          40.51
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 114,748           3,497,382         30.48

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 **