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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
16:42:58                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  215  Stephens

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        215-901    Breckenridge                          48               2,902         60.46         1.0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                      48               2,902         60.46

DRY CROPLAND        -  PTD VALUE:         80.20

        215-901    Breckenridge                      25,191           2,049,632         81.36         1.0000          80.20
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  25,191           2,049,632         81.36

IMPROVED PASTURE    -  PTD VALUE:         57.30

        215-901    Breckenridge                       8,426             625,833         74.27         1.0000          57.30
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   8,426             625,833         74.27

NATIVE PASTURE      -  PTD VALUE:         56.40

        215-901    Breckenridge                     443,613          15,321,528         34.54         1.0000          56.40
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 443,613          15,321,528         34.54

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 **