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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
14:58:53                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  122  Jeff Davis

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

IRRIGATED CROPLAND  -  PTD VALUE:        285.00

        122-901    Ft Davis                             102              27,450        269.12         2.5079         714.75
        122-902    Valentine                            955              85,980         90.03          .8390         239.12
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   1,057             113,430        107.31

DRY CROPLAND        -  PTD VALUE:           .00

        122-901    Ft Davis                               0                   0           .00          .0000            .00
        122-902    Valentine                              0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

IMPROVED PASTURE    -  PTD VALUE:           .00

        122-901    Ft Davis                               0                   0           .00          .0000            .00
        122-902    Valentine                              0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

NATIVE PASTURE      -  PTD VALUE:         14.60

        122-901    Ft Davis                         854,441          11,962,832         14.00         1.0160          14.83
        122-902    Valentine                        515,397           6,919,410         13.43          .9746          14.23
                                                  ---------      --------------     ---------
      ** CAD TOTALS                               1,369,838          18,882,242         13.78

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 **