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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
20:43:34                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  192  Reagan

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

IRRIGATED CROPLAND  -  PTD VALUE:        265.60

        192-901    Reagan                            18,003             904,656         50.25         1.0000         265.60
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  18,003             904,656         50.25

DRY CROPLAND        -  PTD VALUE:        104.40

        192-901    Reagan                            32,735             811,553         24.79         1.0000         104.40
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  32,735             811,553         24.79

IMPROVED PASTURE    -  PTD VALUE:           .00

        192-901    Reagan                                 0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

NATIVE PASTURE      -  PTD VALUE:         20.30

        192-901    Reagan                           469,419           5,443,183         11.60         1.0000          20.30
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 469,419           5,443,183         11.60

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 **