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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
14:09:57                                             2003 PROPERTY VALUE STUDY                                              LS0006P
                                                      ISD PRODUCTIVITY VALUES
                                              APPRAISAL DISTRICT:  086  Gillespie
                                              SCHOOL DISTRICT:   086-901  Fredericksburg

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                                 --------------------------------------------------------------------------------------------------
PRODUCTIVITY COMPARISON                           Qualified         <---- Reported Value ----->          <-- PTD Value Estimate -->
                                 Category           Acres           $/Acre         Productivity          $/Acre        Productivity
                                 --------------------------------------------------------------------------------------------------
                                 Irrig Crop               0                                   0                                   0
                                 Dry Crop            33,898           114.32          3,875,320             116.88        3,961,998
                                 Barren                 360            23.00              8,280              23.00            8,280
                                 Orchard              2,014           497.98          1,002,940             497.98        1,002,940
                                 Improved Past       32,653            85.29          2,785,010              75.56        2,467,261
                                 Native Pst         380,997            64.03         24,396,770              70.40       26,822,189
                                 Wildlife             6,741                             449,680                             485,379
                                 Timb at Prod             0                                   0                                   0
                                 Timb at 1978             0                                   0                                   0
                                 Timb at Trans            0                                   0                                   0
                                 Timb at Restr            0                                   0                                   0
                                 Other                    0                                   0                                   0

                                 TOTALS:            456,663                         $32,518,000                         $34,748,047
                                 RATIO:         .9358

                                 --------------------------------------------------------------------------------------------------
                                                          Qualified         <--- PTD Value Estimate ---->
 WILDLIFE                        Category                   Acres           $/Acre           Productivity
                                 --------------------------------------------------------------------------------------------------
                                 Irrig Crop                       0                                     0
                                 Dry Crop                       167           116.88               19,519
                                 Barren                           0                                     0
                                 Orchard                          6           403.33                2,420
                                 Improved Pst                   204            75.56               15,414
                                 Native Pst                   6,364            70.40              448,026
                                 Other                            0                                     0

                                 TOTALS:                      6,741                              $485,379

                                 --------------------------------------------------------------------------------------------------
                                                          Qualified         <--- PTD Value Estimate ---->
TIMBER IN TRANSITION             Category                   Acres           $/Acre           Productivity
                                 --------------------------------------------------------------------------------------------------
                                 Irrig Crop                       0                                     0
                                 Dry Crop                         0                                     0
                                 Barren                           0                                     0
                                 Orchard                          0                                     0
                                 Improved Pst                     0                                     0
                                 Native Pst                       0                                     0
                                 Wildlife                         0                                     0
                                 Other                            0                                     0

                                 TOTALS:                          0                                    $0

                                        *** Appraisal District is not in a Timber Region ***


                                                       *** End of Report ***