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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
20:26:09                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  177  Nolan

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

IRRIGATED CROPLAND  -  PTD VALUE:        400.00

        177-901    Roscoe                                 0                   0           .00          .0000            .00
        177-902    Sweetwater                             0                   0           .00          .0000            .00
        177-903    Blackwell                              0                   0           .00          .0000            .00
        177-905    Highland                               0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

DRY CROPLAND        -  PTD VALUE:         89.50

        177-901    Roscoe                            46,214           4,915,584        106.37         1.0140          90.75
        177-902    Sweetwater                        30,510           3,168,733        103.86          .9901          88.61
        177-903    Blackwell                         14,999           1,543,900        102.93          .9812          87.82
        177-905    Highland                          15,446           1,614,147        104.50          .9962          89.16
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 107,169          11,242,364        104.90

IMPROVED PASTURE    -  PTD VALUE:         44.40

        177-901    Roscoe                            11,989             838,788         69.96          .9765          43.36
        177-902    Sweetwater                        15,203           1,143,375         75.21         1.0498          46.61
        177-903    Blackwell                         22,685           1,655,614         72.98         1.0187          45.23
        177-905    Highland                          15,349           1,034,923         67.43          .9412          41.79
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  65,226           4,672,700         71.64

NATIVE PASTURE      -  PTD VALUE:         46.00

        177-901    Roscoe                            22,089             721,938         32.68         1.0508          48.34
        177-902    Sweetwater                        95,946           3,177,814         33.12         1.0650          48.99
        177-903    Blackwell                        183,063           5,612,179         30.66          .9859          45.35
        177-905    Highland                          96,855           2,862,967         29.56          .9505          43.72
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 397,953          12,374,898         31.10

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 **