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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
14:03:54                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  080  Franklin

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        080-901    Mount Vernon                           0                   0           .00          .0000            .00
        112-909    Saltillo                               0                   0           .00          .0000            .00
        112-910    Sulphur-Bluff                          0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

DRY CROPLAND        -  PTD VALUE:           .00

        080-901    Mount Vernon                           0                   0           .00          .0000            .00
        112-909    Saltillo                               0                   0           .00          .0000            .00
        112-910    Sulphur-Bluff                          0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

IMPROVED PASTURE    -  PTD VALUE:         94.80

        080-901    Mount Vernon                      32,562           4,894,370        150.31         1.0000          94.80
        112-909    Saltillo                             302              45,450        150.50         1.0013          94.92
        112-910    Sulphur-Bluff                      1,094             164,470        150.34         1.0002          94.82
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  33,958           5,104,290        150.31

NATIVE PASTURE      -  PTD VALUE:         89.80

        080-901    Mount Vernon                      99,309           9,270,870         93.35          .9999          89.79
        112-909    Saltillo                             628              58,730         93.52         1.0017          89.95
        112-910    Sulphur-Bluff                      1,803             168,470         93.44         1.0009          89.88
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 101,740           9,498,070         93.36

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 **