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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
18:25:02                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  078  Foard

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

IRRIGATED CROPLAND  -  PTD VALUE:        182.50

        078-901    Crowell                            1,703             315,160        185.06         1.0000         182.50
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   1,703             315,160        185.06

DRY CROPLAND        -  PTD VALUE:        116.00

        078-901    Crowell                          145,700          18,359,700        126.01         1.0000         116.00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 145,700          18,359,700        126.01

IMPROVED PASTURE    -  PTD VALUE:         60.60

        078-901    Crowell                            1,434             137,730         96.05         1.0000          60.60
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   1,434             137,730         96.05

NATIVE PASTURE      -  PTD VALUE:         33.40

        078-901    Crowell                          399,862          14,055,570         35.15         1.0000          33.40
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 399,862          14,055,570         35.15

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 **