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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
20:42:32                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  189  Presidio

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

IRRIGATED CROPLAND  -  PTD VALUE:        328.30

        189-901    Marfa                                576             168,330        292.24          .9204         302.17
        189-902    Presidio                           3,770           1,211,590        321.38         1.0122         332.31
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   4,346           1,379,920        317.51

DRY CROPLAND        -  PTD VALUE:           .00

        189-901    Marfa                                 10                 250         25.00         1.0000            .00
        189-902    Presidio                               0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                      10                 250         25.00

IMPROVED PASTURE    -  PTD VALUE:           .00

        189-901    Marfa                                  0                   0           .00          .0000            .00
        189-902    Presidio                               0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

NATIVE PASTURE      -  PTD VALUE:          8.90

        189-901    Marfa                          1,577,440          12,846,050          8.14         1.0711           9.53
        189-902    Presidio                         357,579           1,866,930          5.22          .6868           6.11
                                                  ---------      --------------     ---------
      ** CAD TOTALS                               1,935,019          14,712,980          7.60

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 **