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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
19:03:06                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  105  Hays

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        105-902    San Marcos CISD                      302              66,900        221.52         1.0039            .00
        105-904    Dripping Springs                     132              29,160        220.91         1.0011            .00
        105-905    Wimberley                              7               1,360        194.29          .8805            .00
        105-906    Hays CISD                              7               1,440        205.71          .9322            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                     448              98,860        220.67

DRY CROPLAND        -  PTD VALUE:        181.40

        105-902    San Marcos CISD                   20,219           3,827,630        189.31         1.0008         181.55
        105-904    Dripping Springs                     819             155,060        189.33         1.0010         181.58
        105-905    Wimberley                            629             119,210        189.52         1.0020         181.76
        105-906    Hays CISD                         11,923           2,251,520        188.84          .9984         181.11
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  33,590           6,353,420        189.15

IMPROVED PASTURE    -  PTD VALUE:         70.10

        105-902    San Marcos CISD                   42,203           3,450,310         81.76         1.1324          79.38
        105-904    Dripping Springs                  47,240           3,108,130         65.79          .9112          63.88
        105-905    Wimberley                         32,403           2,134,980         65.89          .9126          63.97
        105-906    Hays CISD                         59,782           4,420,280         73.94         1.0241          71.79
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 181,628          13,113,700         72.20

NATIVE PASTURE      -  PTD VALUE:         63.40

        105-902    San Marcos CISD                   18,446           1,064,270         57.70         1.0100          64.03
        105-904    Dripping Springs                  28,362           1,590,180         56.07          .9814          62.22
        105-905    Wimberley                         23,102           1,300,000         56.27          .9849          62.44
        105-906    Hays CISD                         28,457           1,664,890         58.51         1.0242          64.93
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  98,367           5,619,340         57.13

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 **