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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
13:18:55                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  042  Coleman

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        042-901    Coleman                                0                   0           .00          .0000            .00
        042-903    Santa Anna                             0                   0           .00          .0000            .00
        042-905    Panther Creek                          0                   0           .00          .0000            .00
        042-906    Novice                                 0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

DRY CROPLAND        -  PTD VALUE:         52.00

        042-901    Coleman                           40,850           3,175,850         77.74         1.0260          53.35
        042-903    Santa Anna                        58,681           4,437,690         75.62          .9980          51.90
        042-905    Panther Creek                     66,786           5,006,480         74.96          .9893          51.44
        042-906    Novice                            12,505             928,980         74.29          .9805          50.99
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 178,822          13,549,000         75.77

IMPROVED PASTURE    -  PTD VALUE:         55.40

        042-901    Coleman                            6,813             381,560         56.00         1.0000          55.40
        042-903    Santa Anna                        10,206             571,510         56.00         1.0000          55.40
        042-905    Panther Creek                      7,206             403,540         56.00         1.0000          55.40
        042-906    Novice                             2,801             156,860         56.00         1.0000          55.40
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  27,026           1,513,470         56.00

NATIVE PASTURE      -  PTD VALUE:         45.90

        042-901    Coleman                          119,912           4,867,850         40.60          .9833          45.13
        042-903    Santa Anna                       130,158           5,469,860         42.02         1.0177          46.71
        042-905    Panther Creek                    259,171          10,641,960         41.06          .9944          45.64
        042-906    Novice                            97,475           4,070,570         41.76         1.0114          46.42
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 606,716          25,050,240         41.29

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 **