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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
16:33:43                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  204  San Jacinto

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

IRRIGATED CROPLAND  -  PTD VALUE:        295.20

        204-901    Coldsprings-Oakhurs                   28               7,830        279.64         1.0000         295.20
        204-904    Shepherd                               0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                      28               7,830        279.64

DRY CROPLAND        -  PTD VALUE:        129.40

        204-901    Coldsprings-Oakhurs                1,516             182,030        120.07         1.0000         129.40
        204-904    Shepherd                             469              56,310        120.06          .9999         129.39
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   1,985             238,340        120.07

IMPROVED PASTURE    -  PTD VALUE:        114.20

        204-901    Coldsprings-Oakhurs               24,514           2,389,870         97.49          .9980         113.97
        204-904    Shepherd                          15,453           1,514,420         98.00         1.0032         114.57
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  39,967           3,904,290         97.69

NATIVE PASTURE      -  PTD VALUE:         74.50

        204-901    Coldsprings-Oakhurs               23,311           1,419,670         60.90         1.0121          75.40
        204-904    Shepherd                          14,684             866,500         59.01          .9807          73.06
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  37,995           2,286,170         60.17

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 **