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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
20:13:26                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  166  Milam

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        166-901    Cameron                                0                   0           .00          .0000            .00
        166-902    Gause                                  0                   0           .00          .0000            .00
        166-903    Milano                                 0                   0           .00          .0000            .00
        166-904    Rockdale                               0                   0           .00          .0000            .00
        166-905    Thorndale                              0                   0           .00          .0000            .00
        166-907    Buckholts                              0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

DRY CROPLAND        -  PTD VALUE:        210.50

        166-901    Cameron                           39,895           9,944,160        249.26         1.0029         211.11
        166-902    Gause                              1,299             327,770        252.32         1.0152         213.70
        166-903    Milano                               538             121,990        226.75          .9123         192.04
        166-904    Rockdale                          13,201           3,288,890        249.14         1.0024         211.01
        166-905    Thorndale                         21,981           5,434,920        247.26          .9948         209.41
        166-907    Buckholts                          9,361           2,326,020        248.48          .9997         210.44
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  86,275          21,443,750        248.55

IMPROVED PASTURE    -  PTD VALUE:        108.30

        166-901    Cameron                           36,831           4,297,000        116.67         1.0305         111.60
        166-902    Gause                             11,404           1,232,300        108.06          .9544         103.36
        166-903    Milano                            20,179           2,149,220        106.51          .9407         101.88
        166-904    Rockdale                          22,280           2,533,940        113.73         1.0045         108.79
        166-905    Thorndale                         17,858           2,014,260        112.79          .9962         107.89
        166-907    Buckholts                          5,489             685,210        124.83         1.1025         119.40
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 114,041          12,911,930        113.22

NATIVE PASTURE      -  PTD VALUE:         72.50

        166-901    Cameron                          112,568           7,855,860         69.79         1.0859          78.73
        166-902    Gause                             30,915           1,627,130         52.63          .8189          59.37
        166-903    Milano                            59,439           2,914,940         49.04          .7630          55.32
        166-904    Rockdale                          84,437           5,614,310         66.49         1.0345          75.00
        166-905    Thorndale                         39,693           2,730,520         68.79         1.0703          77.60
        166-907    Buckholts                         16,447           1,333,970         81.11         1.2620          91.50
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 343,499          22,076,730         64.27

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 **