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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
20:02:13                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  157  Mason

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

IRRIGATED CROPLAND  -  PTD VALUE:        137.70

        157-901    Mason                              4,701           1,842,210        391.88         1.0000         137.70
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   4,701           1,842,210        391.88

DRY CROPLAND        -  PTD VALUE:         87.80

        157-901    Mason                             12,270           1,325,170        108.00         1.0000          87.80
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  12,270           1,325,170        108.00

IMPROVED PASTURE    -  PTD VALUE:         63.00

        157-901    Mason                             30,747           2,427,760         78.96         1.0000          63.00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  30,747           2,427,760         78.96

NATIVE PASTURE      -  PTD VALUE:         56.50

        157-901    Mason                            556,189          30,885,920         55.53         1.0000          56.50
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 556,189          30,885,920         55.53

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 **