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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
16:03:17                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  169  Montague

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        169-901    Bowie                                  0                   0           .00          .0000            .00
        169-902    Nocona                                 0                   0           .00          .0000            .00
        169-906    Goldburg                               0                   0           .00          .0000            .00
        169-908    Montague                               0                   0           .00          .0000            .00
        169-909    Prairie Valley                         0                   0           .00          .0000            .00
        169-910    Forestburg                             0                   0           .00          .0000            .00
        169-911    Saint Jo                               0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

DRY CROPLAND        -  PTD VALUE:        132.20

        169-901    Bowie                             10,141           1,455,891        143.56          .9643         127.48
        169-902    Nocona                             7,237           1,102,647        152.36         1.0234         135.29
        169-906    Goldburg                           5,230             752,139        143.81          .9660         127.71
        169-908    Montague                           2,380             344,398        144.71          .9721         128.51
        169-909    Prairie Valley                    12,548           1,922,657        153.22         1.0292         136.06
        169-910    Forestburg                         4,608             678,679        147.28          .9893         130.79
        169-911    Saint Jo                           8,946           1,349,537        150.85         1.0133         133.96
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  51,090           7,605,948        148.87

IMPROVED PASTURE    -  PTD VALUE:         80.60

        169-901    Bowie                             24,570           1,978,984         80.54          .9896          79.76
        169-902    Nocona                            13,287           1,079,947         81.28          .9986          80.49
        169-906    Goldburg                           4,852             402,444         82.94         1.0190          82.13
        169-908    Montague                           2,026             163,250         80.58          .9900          79.79
        169-909    Prairie Valley                     5,834             488,405         83.72         1.0286          82.91
        169-910    Forestburg                        14,240           1,168,254         82.04         1.0080          81.24
        169-911    Saint Jo                          13,926           1,126,943         80.92          .9942          80.13
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  78,735           6,408,227         81.39

NATIVE PASTURE      -  PTD VALUE:         44.50

        169-901    Bowie                            123,085           6,434,235         52.27          .9962          44.33
        169-902    Nocona                            74,280           3,885,084         52.30          .9968          44.36
        169-906    Goldburg                          82,028           4,313,387         52.58         1.0021          44.59
        169-908    Montague                          10,760             576,387         53.57         1.0210          45.43
        169-909    Prairie Valley                    42,140           2,228,791         52.89         1.0080          44.86
        169-910    Forestburg                        60,024           3,142,977         52.36          .9979          44.41
        169-911    Saint Jo                          76,624           4,025,750         52.54         1.0013          44.56
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 468,941          24,606,611         52.47

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 **