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 6/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
21:16:31                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  223  Terry

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

IRRIGATED CROPLAND  -  PTD VALUE:        361.20

        223-901    Brownfield CISD                   61,285          20,825,237        339.81          .9990         360.84
        223-902    Meadow                            21,777           8,097,386        371.83         1.0931         394.83
        223-904    Wellman-Union CISD                55,930          18,356,850        328.21          .9649         348.52
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 138,992          47,279,473        340.16

DRY CROPLAND        -  PTD VALUE:        111.60

        223-901    Brownfield CISD                  132,446          18,337,960        138.46          .9884         110.31
        223-902    Meadow                            59,798           9,295,199        155.44         1.1097         123.84
        223-904    Wellman-Union CISD                99,007          13,165,565        132.98          .9493         105.94
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 291,251          40,798,724        140.08

IMPROVED PASTURE    -  PTD VALUE:           .00

        223-901    Brownfield CISD                        0                   0           .00          .0000            .00
        223-902    Meadow                                 0                   0           .00          .0000            .00
        223-904    Wellman-Union CISD                     0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

NATIVE PASTURE      -  PTD VALUE:         28.80

        223-901    Brownfield CISD                   42,282           1,090,524         25.79          .9371          26.99
        223-902    Meadow                            16,976             531,643         31.32         1.1381          32.78
        223-904    Wellman-Union CISD                10,732             303,975         28.32         1.0291          29.64
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  69,990           1,926,142         27.52

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 **