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 1/22/04                               COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                            Page:     1
17:06:07                                             2003 PROPERTY VALUE STUDY                                              LS0010P
                                                         INDEX CALCULATIONS
                                              APPRAISAL DISTRICT:  235  Victoria

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

IRRIGATED CROPLAND  -  PTD VALUE:        292.00

        196-903    Refugio                               39               9,390        240.77          .9879         288.47
        235-901    Bloomington                          179              17,900        100.00          .4103         119.81
        235-902    Victoria                           7,695           1,901,190        247.07         1.0138         296.03
        235-904    Nursery                                0                   0           .00          .0000            .00
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                   7,913           1,928,480        243.71

DRY CROPLAND        -  PTD VALUE:        248.40

        196-903    Refugio                            3,065             766,380        250.04         1.0031         249.17
        235-901    Bloomington                       27,216           6,776,090        248.97          .9988         248.10
        235-902    Victoria                          46,008          11,472,420        249.36         1.0004         248.50
        235-904    Nursery                              709             177,280        250.04         1.0031         249.17
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  76,998          19,192,170        249.26

IMPROVED PASTURE    -  PTD VALUE:        100.40

        196-903    Refugio                               34               3,830        112.65          .9640          96.79
        235-901    Bloomington                        2,029             237,480        117.04         1.0015         100.55
        235-902    Victoria                          13,700           1,607,580        117.34         1.0041         100.81
        235-904    Nursery                            1,449             162,500        112.15          .9597          96.35
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                  17,212           2,011,390        116.86

NATIVE PASTURE      -  PTD VALUE:         71.30

        196-903    Refugio                           23,507           1,758,780         74.82         1.0004          71.33
        235-901    Bloomington                       24,816           1,760,180         70.93          .9484          67.62
        235-902    Victoria                         202,988          15,272,100         75.24         1.0060          71.73
        235-904    Nursery                           24,709           1,853,500         75.01         1.0029          71.51
                                                  ---------      --------------     ---------
      ** CAD TOTALS                                 276,020          20,644,560         74.79

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 **