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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
16:44:25                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  219  Swisher

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

IRRIGATED CROPLAND  -  PTD VALUE:        123.90

        219-901    Happy                              3,839           1,115,020        290.45         1.0005         123.96
        219-903    Tulia                             21,033           6,148,670        292.33         1.0070         124.77
        219-905    Kress                             44,784          12,958,220        289.35          .9967         123.49
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  69,656          20,221,910        290.31

DRY CROPLAND        -  PTD VALUE:        107.80

        219-901    Happy                            165,612          14,446,350         87.23          .9967         107.44
        219-903    Tulia                            173,511          15,334,200         88.38         1.0098         108.86
        219-905    Kress                            101,438           8,776,830         86.52          .9886         106.57
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 440,561          38,557,380         87.52

IMPROVED PASTURE    -  PTD VALUE:           .00

        219-901    Happy                                  0                   0           .00          .0000            .00
        219-903    Tulia                                  0                   0           .00          .0000            .00
        219-905    Kress                                  0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

NATIVE PASTURE      -  PTD VALUE:         42.60

        219-901    Happy                             73,624           3,103,633         42.16         1.0179          43.36
        219-903    Tulia                             71,249           2,919,690         40.98          .9894          42.15
        219-905    Kress                             18,564             746,510         40.21          .9708          41.36
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 163,437           6,769,833         41.42

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 **