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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
19:03:02                                             2003 PROPERTY VALUE STUDY                                              LS0006P
                                                      ISD PRODUCTIVITY VALUES
                                              APPRAISAL DISTRICT:  105  Hays
                                              SCHOOL DISTRICT:   105-904  Dripping Springs

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                                 --------------------------------------------------------------------------------------------------
PRODUCTIVITY COMPARISON                           Qualified         <---- Reported Value ----->          <-- PTD Value Estimate -->
                                 Category           Acres           $/Acre         Productivity          $/Acre        Productivity
                                 --------------------------------------------------------------------------------------------------
                                 Irrig Crop             132           220.91             29,160             220.91           29,160
                                 Dry Crop               808           189.33            152,980             181.58          146,717
                                 Barren               1,455            25.72             37,420              25.72           37,420
                                 Orchard                140           627.00             87,780             627.00           87,780
                                 Improved Past       40,408            65.94          2,664,630              63.88        2,581,263
                                 Native Pst          24,210            55.40          1,341,300              62.22        1,506,346
                                 Wildlife            13,028                             816,220                             818,522
                                 Timb at Prod             0                                   0                                   0
                                 Timb at 1978             0                                   0                                   0
                                 Timb at Trans            0                                   0                                   0
                                 Timb at Restr            0                                   0                                   0
                                 Other                  129         1,601.78            206,630           1,601.78          206,630

                                 TOTALS:             80,310                          $5,336,120                          $5,413,838
                                 RATIO:         .9856

                                 --------------------------------------------------------------------------------------------------
                                                          Qualified         <--- PTD Value Estimate ---->
 WILDLIFE                        Category                   Acres           $/Acre           Productivity
                                 --------------------------------------------------------------------------------------------------
                                 Irrig Crop                       0                                     0
                                 Dry Crop                        11           181.58                1,997
                                 Barren                       2,033            59.89              121,760
                                 Orchard                          0                                     0
                                 Improved Pst                 6,832            63.88              436,428
                                 Native Pst                   4,152            62.22              258,337
                                 Other                            0                                     0

                                 TOTALS:                     13,028                              $818,522

                                 --------------------------------------------------------------------------------------------------
                                                          Qualified         <--- PTD Value Estimate ---->
TIMBER IN TRANSITION             Category                   Acres           $/Acre           Productivity
                                 --------------------------------------------------------------------------------------------------
                                 Irrig Crop                       0                                     0
                                 Dry Crop                         0                                     0
                                 Barren                           0                                     0
                                 Orchard                          0                                     0
                                 Improved Pst                     0                                     0
                                 Native Pst                       0                                     0
                                 Wildlife                         0                                     0
                                 Other                            0                                     0

                                 TOTALS:                          0                                    $0

                                        *** Appraisal District is not in a Timber Region ***


                                                       *** End of Report ***