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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
14:09:59                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  086  Gillespie

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        086-901    Fredericksburg                         0                   0           .00          .0000            .00
        086-902    Harper                                 0                   0           .00          .0000            .00
        086-904    Doss CISD                              0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

DRY CROPLAND        -  PTD VALUE:        112.80

        086-901    Fredericksburg                    34,065           3,896,000        114.37         1.0362         116.88
        086-902    Harper                             4,757             447,750         94.12          .8528          96.20
        086-904    Doss CISD                          3,173             291,040         91.72          .8310          93.74
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  41,995           4,634,790        110.37

IMPROVED PASTURE    -  PTD VALUE:         75.40

        086-901    Fredericksburg                    32,857           2,801,930         85.28         1.0021          75.56
        086-902    Harper                             2,458             209,180         85.10         1.0000          75.40
        086-904    Doss CISD                          1,940             159,140         82.03          .9639          72.68
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  37,255           3,170,250         85.10

NATIVE PASTURE      -  PTD VALUE:         67.30

        086-901    Fredericksburg                   387,361          24,806,430         64.04         1.0461          70.40
        086-902    Harper                           224,808          13,233,245         58.86          .9615          64.71
        086-904    Doss CISD                         77,749           4,196,860         53.98          .8817          59.34
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 689,918          42,236,535         61.22

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 **