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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
16:25:25                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  193  Real

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

IRRIGATED CROPLAND  -  PTD VALUE:        392.20

        193-902    Leakey                             2,358             247,664        105.03         1.0000         392.20
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   2,358             247,664        105.03

DRY CROPLAND        -  PTD VALUE:        110.50

        193-902    Leakey                             4,459             419,206         94.01         1.0000         110.50
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   4,459             419,206         94.01

IMPROVED PASTURE    -  PTD VALUE:        108.60

        193-902    Leakey                            19,537           1,601,677         81.98         1.0000         108.60
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  19,537           1,601,677         81.98

NATIVE PASTURE      -  PTD VALUE:         64.50

        193-902    Leakey                           215,507          11,006,622         51.07         1.0000          64.50
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 215,507          11,006,622         51.07

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 **