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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
19:49:39                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  144  Lee

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        144-901    Giddings                               0                   0           .00          .0000            .00
        144-902    Lexington                              0                   0           .00          .0000            .00
        144-903    Dime Box                               0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

DRY CROPLAND        -  PTD VALUE:        152.10

        144-901    Giddings                           7,544           1,197,734        158.77          .9997         152.05
        144-902    Lexington                          5,565             883,677        158.79          .9999         152.08
        144-903    Dime Box                           2,377             377,908        158.99         1.0011         152.27
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  15,486           2,459,319        158.81

IMPROVED PASTURE    -  PTD VALUE:        101.80

        144-901    Giddings                          32,838           3,802,298        115.79          .9984         101.64
        144-902    Lexington                         44,498           5,158,720        115.93          .9996         101.76
        144-903    Dime Box                          12,617           1,472,135        116.68         1.0060         102.41
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  89,953          10,433,153        115.98

NATIVE PASTURE      -  PTD VALUE:         60.50

        144-901    Giddings                         107,877           6,006,012         55.67         1.0183          61.61
        144-902    Lexington                        114,032           6,087,774         53.39          .9766          59.08
        144-903    Dime Box                          36,401           2,028,903         55.74         1.0196          61.69
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 258,310          14,122,689         54.67

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 **