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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
14:55:31                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  117  Hutchinson

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

IRRIGATED CROPLAND  -  PTD VALUE:         38.80

        117-901    Borger                                 0                   0           .00          .0000            .00
        117-903    Sanford-Fritch                         0                   0           .00          .0000            .00
        117-904    Plemons-Stinnett-Ph                2,668             532,090        199.43         1.0155          39.40
        117-907    Spring Creek                         164              24,100        146.95          .7483          29.03
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   2,832             556,190        196.39

DRY CROPLAND        -  PTD VALUE:        144.50

        117-901    Borger                                 0                   0           .00          .0000            .00
        117-903    Sanford-Fritch                       288              28,620         99.38         1.1009         159.08
        117-904    Plemons-Stinnett-Ph                3,302             303,500         91.91         1.0182         147.13
        117-907    Spring Creek                         357              24,190         67.76          .7506         108.46
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   3,947             356,310         90.27

IMPROVED PASTURE    -  PTD VALUE:           .00

        117-901    Borger                                 0                   0           .00          .0000            .00
        117-903    Sanford-Fritch                         0                   0           .00          .0000            .00
        117-904    Plemons-Stinnett-Ph                    0                   0           .00          .0000            .00
        117-907    Spring Creek                           0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

NATIVE PASTURE      -  PTD VALUE:         31.50

        117-901    Borger                            24,056             760,780         31.63         1.0998          34.64
        117-903    Sanford-Fritch                    11,104             473,990         42.69         1.4844          46.76
        117-904    Plemons-Stinnett-Ph              195,672           5,492,450         28.07          .9760          30.74
        117-907    Spring Creek                     104,555           2,917,610         27.91          .9704          30.57
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 335,387           9,644,830         28.76

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 **