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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
19:30:38                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  124  Jim Hogg

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        124-901    Jim Hogg Co                          350              56,350        161.00         1.0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                     350              56,350        161.00

DRY CROPLAND        -  PTD VALUE:        194.30

        124-901    Jim Hogg Co                        4,953             604,310        122.01         1.0000         194.30
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   4,953             604,310        122.01

IMPROVED PASTURE    -  PTD VALUE:         59.50

        124-901    Jim Hogg Co                       21,413           1,349,180         63.01         1.0000          59.50
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  21,413           1,349,180         63.01

NATIVE PASTURE      -  PTD VALUE:         71.30

        124-901    Jim Hogg Co                      679,680          38,742,850         57.00         1.0000          71.30
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 679,680          38,742,850         57.00

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 **