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 1/27/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
 9:21:53                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  233  Val Verde

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

IRRIGATED CROPLAND  -  PTD VALUE:           .00

        233-901    San Felipe-Del Rio                   200              15,850         79.25         1.0000            .00
        233-903    Comstock                               0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                     200              15,850         79.25

DRY CROPLAND        -  PTD VALUE:           .00

        233-901    San Felipe-Del Rio                    74               4,120         55.68         1.0000            .00
        233-903    Comstock                               0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                      74               4,120         55.68

IMPROVED PASTURE    -  PTD VALUE:           .00

        233-901    San Felipe-Del Rio                     0                   0           .00          .0000            .00
        233-903    Comstock                               0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                       0                   0           .00

NATIVE PASTURE      -  PTD VALUE:         20.80

        233-901    San Felipe-Del Rio               494,422           7,670,931         15.51         1.1396          23.70
        233-903    Comstock                       1,325,326          17,089,436         12.89          .9471          19.70
                                                  ---------      --------------     ---------
      ** CAD TOTALS                               1,819,748          24,760,367         13.61

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 **