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DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 001
TIME: 12:48:17                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          105/Hays                                                      VRSN: W
                                                        105-904/Dripping Springs ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   2
$     93,811 - $    203,990

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____

BELTERRA, PH 1, SEC 3A, B   R104030                     S    09/2003       202,235         191,810          200,465     0.9568
BELTERRA PH 1 SEC 3A, BLK   R104037                     S    11/2003       193,468         193,150          192,742     1.0021
A0008 WILLIAM H HAGGARD S   R10933                      S    06/2003       176,900         158,180          174,025     0.9089
DEER CREEK RANCH, BLK A,    R111055                     S    11/2003       136,000         125,080          135,490     0.9232
A0222 BENJAMIN F HANNA SU   R15007                      S    09/2003       155,000         155,370          153,644     1.0112
A0415 PHILIP A SMITH SUR,   R17913                      S    07/2003        95,000          96,930           93,694     1.0345
BARTON CREEK RANCH, LT 61   R20698                      S    01/2004       195,000         195,200          195,244     0.9998
BEAR CREEK ESTS SEC 2 LT    R20810                      S    07/2003       236,000         189,990          232,755     0.8163
BIG COUNTRY #1, LT 24-B 2   R21129                      S    10/2003       199,000         195,630          197,756     0.9892
BIG COUNTRY SEC 3 LT 100    R21157                      S    04/2003       143,200         127,680          140,157     0.9110
BIG COUNTRY SEC 5, LT 116   R21180                      S    08/2003       153,000         142,170          151,279     0.9398
DEER CREEK RANCH, BLK A,    R25779                      S    05/2003       172,752         171,720          169,513     1.0130
DRIPPING SPRINGS HEIGHTS    R26627                      S    10/2003       194,900         189,870          193,682     0.9803
DRIPPING SPRINGS HEIGHTS,   R26630                      S    08/2003       137,000         156,050          135,459     1.1520
ORIGINAL TOWN OF DRIPPING   R26714                      S    10/2003       155,000         131,140          154,031     0.8514
GOLDENWOOD WEST SEC 1 LT    R28413                      S    07/2003       155,000         161,810          152,869     1.0585
GRANDE PRAIRIE, LT 8        R28580                      S    04/2003       162,500         154,300          159,047     0.9702
HERITAGE OAKS, LT 83, AC    R30297                      S    11/2003       189,900         195,380          189,188     1.0327
HERITAGE OAKS SEC 2-B, LT   R30404                      S    01/2004       193,000         192,390          193,241     0.9956
THE HILLS OF TEXAS PH 1,    R31560                      S    06/2003       180,000         175,280          177,075     0.9899
HILLVIEW ADDITION SEC 2,    R32071                      S    05/2003       199,000         201,770          195,269     1.0333
GLENN KOTHMAN, LT 33A, 5.   R33427                      S    06/2003       189,500         181,320          186,421     0.9726
GLENN H KOTHMAN PROP, LT    R33438                      S    08/2003       150,000         142,010          148,313     0.9575
MEADOW OAKS PH I, LT 75,    R35604                      S    09/2003       186,000         195,090          184,373     1.0581
OAK SPRINGS LT W 1/2 OF 4   R37047                      S    05/2003       203,000         202,690          199,194     1.0176
OAK SPRINGS, LT 41-42, AC   R37050                      S    05/2003       198,500         197,640          194,778     1.0147
RIVER OAKS RANCH 1, LT RE   R39775                      S    05/2003        95,000         108,140           93,219     1.1601
SILVER SPUR RANCHETTES SE   R42233                      S    08/2003       133,590         136,730          132,087     1.0352
SPRINGLAKE LT 168C 3.93 A   R43273                      S    07/2003       167,500         179,020          165,197     1.0837
STONEGATE AT D S LT 36 2.   R43714                      S    11/2003       189,000         189,590          188,291     1.0069
SUNSET CANYON, LT 317       R44554                      S    09/2003       182,500         182,340          180,903     1.0079
SUNSET CANYON SEC 3 LT 55   R44852                      S    12/2003       174,000         188,840          173,783     1.0866
SUNSET CANYON SEC 4 LT 67   R44974                      S    10/2003       185,500         178,090          184,341     0.9661
SYCAMORE CREEK RANCH, LT    R45382                      S    02/2004       133,500         118,660          134,001     0.8855
WEST CAVE EST SEC 1 LT PT   R47263                      S    02/2004       201,600         197,130          202,356     0.9742
THE WOODS LT 13 2.467 GEO   R53167                      S    10/2003       177,000         184,550          175,894     1.0492
FIELDSTONE, BLK A, LT 7-C   R60399                      S    12/2003       190,000         174,410          189,763     0.9191
DOUGLAS ESTATES, LT 37A,    R62383                      S    12/2003       129,500         127,970          129,338     0.9894
MADRONE RANCH SEC II-B, L   R62730                      S    09/2003       207,000         199,610          205,189     0.9728
FRIENDSHIP RANCH PH I, LT   R70928                      S    11/2003       189,000         189,240          188,291     1.0050
PURCELL SUBD, LT 1A, AC 1   R97888                      S    04/2003       108,000         112,800          105,705     1.0671
                                                                                       ___________      ___________     ______
                                                           STRATUM 2 TOTALS              6,886,770        6,948,062     0.9912

____________________________________________________________________________________________________________________________________


DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 002
TIME: 12:48:17                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          105/Hays                                                      VRSN: W
                                                        105-904/Dripping Springs ISD

____________________________________________________________________________________________________________________________________

CATEGORY A  - STRATUM   3
$    203,991 - $    260,230

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____

SAWYER RANCH SEC 5, BLK H   R101318                     S    09/2003       255,000         249,040          252,769     0.9852
CRESTVIEW RANCH, LT 1-A1,   R103089                     S    06/2003       226,000         218,610          222,328     0.9833
BELTERRA PH 1 SEC 3A, BLK   R104012                     S    12/2003       217,000         220,560          216,729     1.0177
BELTERRA PH 1, SEC 3A, BL   R104018                     S    11/2003       224,554         222,160          223,712     0.9931
BELTERRA PH 1 SEC 3A, BLK   R104024                     S    09/2003       253,990         239,540          251,768     0.9514
BELTERRA PH 1 SEC 3A, BLK   R104025                     S    08/2003       222,170         227,490          219,671     1.0356
BELTERRA PH 1 SEC 3A, BLK   R104027                     S    01/2004       251,990         252,760          252,305     1.0018
BELTERRA, PH I, SEC 3A, B   R104032                     S    11/2003       235,000         218,690          234,119     0.9341
BELTERRA PH 1 SEC 3A, BLK   R104035                     S    02/2004       230,360         229,420          231,224     0.9922
BELTERRA, PH 1, SEC 3A, B   R104043                     S    10/2003       207,000         218,250          205,706     1.0610
BELTERRA PH 1 SEC 8, BLK    R104076                     S    11/2003       231,000         230,270          230,134     1.0006
BELTERRA PH 1 SEC 8, BLK    R104087                     S    12/2003       250,500         250,070          250,187     0.9995
ABS 280 L W KINGSLEY 2.38   R15887                      S    07/2003       230,000         229,100          226,838     1.0100
ABS 719 JOHANNA BERRYMAN    R16210                      S    12/2003       187,000         238,700          186,766     1.2781
A806 SENOUR & A808 WACO M   R20272                      S    02/2004       225,000         254,860          225,844     1.1285
BARTON CREEK RANCH LT 7 1   R20642                      S    04/2003       235,000         257,720          230,006     1.1205
BARTON CREEK RANCH, LT 88   R20725                      S    09/2003       193,000         204,880          191,311     1.0709
BEAR CREEK OAKS SEC 1 LT    R20851, R20967              S    12/2003       254,000         254,600          253,683     1.0036
BEAR CREEK OAKS SEC 1 LT    R20855                      S    08/2003       192,500         205,190          190,334     1.0781
FIELDSTONE LT 1B BLK B 1.   R27504                      S    08/2003       242,000         233,030          239,278     0.9739
FOX RUN ESTATES LT 16 1.9   R27836                      S    04/2003       260,000         248,290          254,475     0.9757
GOLDENWOOD WEST SEC 1 LT    R28423                      S    11/2003       244,000         250,490          243,085     1.0305
GOLDENWOOD WEST SEC 2 LT    R28453                      S    07/2003       184,000         221,420          181,470     1.2201
GOLDENWOOD WEST SEC 4 LT    R28554                      S    07/2003       268,000         254,010          264,315     0.9610
HERITAGE OAKS, LT 22, AC    R30238                      S    09/2003       245,000         244,610          242,856     1.0072
HERITAGE OAKS, LT 82, AC    R30296                      S    02/2004       213,500         247,200          214,301     1.1535
HERITAGE OAKS, LT 86, AC    R30300                      S    08/2003       214,000         222,680          211,593     1.0524
MEADOW CREEK RANCH LT 37    R35515                      S    08/2003       265,000         244,690          262,019     0.9339
MEADOW OAKS PH I, LT 82,    R35611                      S    01/2004       228,000         242,980          228,285     1.0644
SPRINGLAKE, LT 89B, AC 4.   R43178                      S    10/2003       249,000         236,850          247,444     0.9572
SUNSET CANYON LT 369 2.95   R44606                      S    09/2003       242,000         251,890          239,883     1.0501
SUNSET CANYON LT 419 2.00   R44655                      S    10/2003       209,750         229,730          208,439     1.1021
SUNSET CANYON SEC 2 LT 45   R44727                      S    05/2003       255,000         241,090          250,219     0.9635
SUNSET CANYON SEC 2 LT 45   R44731                      S    08/2003       262,900         255,740          259,942     0.9838
SUNSET CANYON SEC 3 LT 59   R44888                      S    07/2003       255,000         253,170          251,494     1.0067
SUNSET CANYON SEC 3, LT 6   R44902                      S    12/2003       205,000         213,890          204,744     1.0447
SUNSET CANYON SEC 3 LT 62   R44922                      S    08/2003       243,490         251,900          240,751     1.0463
SUNSET CANYON SEC 4 LT 65   R44955, R111755             S    12/2003       221,000         240,250          220,724     1.0885
SUNSET CANYON SEC 4 LT 68   R44979                      S    09/2003       247,500         244,260          245,334     0.9956
SUNSET CANYON SEC 4, LT 7   R44998                      S    08/2003       249,900         227,800          247,089     0.9219
SUNSET CANYON V LT 898 1.   R45185                      S    06/2003       225,000         225,800          221,344     1.0201
SUNSET CANYON SEC V, LT 9   R45211                      S    07/2003       229,000         246,750          225,851     1.0925
SUNSET CANYON V LT 944 1.   R45227                      S    10/2003       244,950         234,650          243,419     0.9640
SUNSET CANYON V LT 945 1.   R45228                      S    09/2003       260,590         243,530          258,310     0.9428
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 003
TIME: 12:48:17                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          105/Hays                                                      VRSN: W
                                                        105-904/Dripping Springs ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   3
$    203,991 - $    260,230

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
SUNSET CANYON V LT 978 1.   R45260                      S    04/2003       222,000         219,970          217,283     1.0124
SUNSET CANYON V LT 1018 1   R45302                      S    09/2003       238,900         244,820          236,810     1.0338
SUNSET CANYON V LT 1075 1   R45359                      S    06/2003       257,000         258,950          252,824     1.0242
WEST CAVE EST SEC 1, BLK    R47224                      S    09/2003       244,000         252,330          241,865     1.0433
WEST CAVE EST SEC 1, BLK    R47253                      S    05/2003       225,000         228,380          220,781     1.0344
WEST CAVE EST SEC 1 LT 2    R47272                      S    02/2004       214,000         216,220          214,803     1.0066
WEST CAVE EST SEC 1 LT 21   R47291                      S    11/2003       255,000         255,610          254,044     1.0062
WEST CAVE EST SEC 2, BLK    R47315                      S    12/2003       200,000         223,900          199,750     1.1209
WEST CAVE EST SEC 2, BLK    R47328                      S    11/2003       208,000         213,590          207,220     1.0307
SUNSET CANYON SEC V, LT 9   R60815                      S    10/2003       256,500         246,320          254,897     0.9664
TRIPLE CREEK RANCH SEC 1    R60860                      S    12/2003       219,900         253,590          219,625     1.1546
BARTON CREEK RANCH LT 6 1   R70569                      S    08/2003       229,900         258,800          227,314     1.1385
BEAR CREEK OAKS SEC, BLK    R70582                      S    08/2003       240,000         218,400          237,300     0.9204
BIG COUNTRY SEC 2, LT 44A   R89367                      S    12/2003       214,500         219,460          214,232     1.0244
LANIER RANCH, LT 2B-9, AC   R97961                      S    11/2003       249,995         235,020          249,058     0.9436
LANIER RANCH, LT 2B-15, A   R97967                      S    01/2004       223,000         220,190          223,279     0.9862
                                                                                       ___________      ___________     ______
                                                           STRATUM 3 TOTALS             14,194,160       13,873,183     1.0231
____________________________________________________________________________________________________________________________________

CATEGORY A  - STRATUM   4
$    260,231 - $    335,240

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____

SAWYER RANCH SEC 5, BLK F   R101254                     S    02/2004       299,350         330,550          300,473     1.1001
SAWYER RANCH SEC 5, BLK H   R101311                     S    11/2003       249,000         261,580          248,066     1.0545
BELTERRA PH 1 SEC 8, BLK    R104115                     S    10/2003       258,829         269,580          257,211     1.0481
BELTERRA PH 1 SEC 6A, BLK   R104206                     S    03/2004       299,990         299,190          301,865     0.9911
BARTON CREEK RANCH LT 26B   R20662                      S    10/2003       285,000         287,180          283,219     1.0140
BARTON CREEK RANCH LT 66    R20703                      S    06/2003       279,983         289,030          275,433     1.0494
GOLDENWOOD SEC II, LT 47,   R28323                      S    07/2003       324,000         290,480          319,545     0.9090
HERITAGE OAKS, LT 15, AC    R30231                      S    10/2003       305,000         285,960          303,094     0.9435
HERITAGE OAKS, LT 30, AC    R30245                      S    08/2003       323,000         308,890          319,366     0.9672
HERITAGE OAKS SEC 2-A, LT   R30320                      S    10/2003       285,000         285,400          283,219     1.0077
HERITAGE OAKS SEC 2-B, LT   R30357                      S    06/2003       289,000         284,020          284,304     0.9990
HERITAGE OAKS SEC 2-B, LT   R30393                      S    06/2003       284,000         274,810          279,385     0.9836
GLENN H KOTHMAN PROP LT 5   R33449                      S    04/2003       315,000         310,410          308,306     1.0068
MEADOW CREEK RANCH LT 14    R35493                      S    08/2003       297,900         286,310          294,549     0.9720
SADDLETREE RANCH SEC 2 LT   R41353                      S    02/2004       290,000         284,590          291,088     0.9777
SUNSET CANYON SEC 4 LT 71   R45015                      S    04/2003       288,000         291,520          281,880     1.0342
SUNSET CANYON SEC 4, LT 7   R45079                      S    05/2003       269,000         269,950          263,956     1.0227
SUNSET CANYON V LT 1007 1   R45288                      S    04/2003       274,000         286,480          268,178     1.0682
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 004
TIME: 12:48:17                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          105/Hays                                                      VRSN: W
                                                        105-904/Dripping Springs ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   4
$    260,231 - $    335,240

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
SUNSET CANYON V LT 1038 1   R45325                      S    05/2003       264,000         296,380          259,050     1.1441
SYPHRETT ESTATES LT 4 2.0   R45427                      S    01/2004       349,800         279,870          350,237     0.7991
WEST CAVE EST SEC 1 LT PT   R47223                      S    08/2003       305,000         311,310          301,569     1.0323
WHISPERING OAKS SUB PH II   R63407                      S    01/2004       357,000         310,820          357,446     0.8696
KIRBY SPRINGS SEC 2 RESUB   R71090                      S    11/2003       285,000         262,850          283,931     0.9258
SUNSET CANYON SEC 1, LT 4   R72082                      S    08/2003       315,000         314,580          311,456     1.0100
SUNSET CANYON V LTS 840-8   R72111                      S    05/2003       282,000         269,360          276,713     0.9734
SAWYER RANCH SEC 1, BLK C   R92886                      S    11/2003       335,000         334,080          333,744     1.0010
DEERFIELD ESTATES, LT 7,    R94311                      S    09/2003       315,900         304,400          313,136     0.9721
DEERFIELD ESTATES SEC TWO   R96170                      S    05/2003       317,343         314,390          311,393     1.0096
SAWYER RANCH SEC 2, BLK A   R96399                      S    09/2003       257,500         268,270          255,247     1.0510
SAWYER RANCH, SEC 2, BLK    R96402                      S    06/2003       262,000         265,680          257,743     1.0308
LANIER RANCH, LT 2B-17, A   R97969                      S    04/2003       287,500         264,640          281,391     0.9405
                                                                                       ___________      ___________     ______
                                                           STRATUM 4 TOTALS              8,992,560        9,056,193     0.9930

____________________________________________________________________________________________________________________________________

CATEGORY A  - STRATUM   5
$    335,241 - $999,999,999

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____

THE PRESERVE PH ONE, LT 3   R100666                     S    04/2003       525,000         512,550          513,844     0.9975
THE PRESERVE PH ONE, LT 8   R100671                     S    06/2003       369,900         357,540          363,889     0.9826
THE PRESERVE PH ONE, LT 1   R100676                     S    10/2003       545,000         536,100          541,594     0.9899
SAWYER RANCH SEC 5, BLK F   R101256                     S    09/2003       395,000         417,030          391,544     1.0651
DAKOTA MOUNTAIN ESTATES,    R101432                     S    06/2003       402,500         442,350          395,959     1.1172
DRIPPING SPRINGS RANCH PH   R103738                     S    06/2003       422,000         364,360          415,143     0.8777
BELTERRA, PH 1, SEC 6A, B   R104200                     S    12/2003       380,000         392,700          379,525     1.0347
BELTERRA PH 1 SEC 6A, BLK   R104201                     S    12/2003       342,000         353,670          341,573     1.0354
BELTERRA PH 1 SEC 6A, BLK   R104229                     S    12/2003       367,000         364,340          366,541     0.9940
THE PRESERVE PH TWO, BLK    R104530                     S    12/2003       699,900         619,860          699,025     0.8867
BLUE SKY RANCH, LT 6, AC    R104746                     S    01/2004       515,000         530,430          515,644     1.0287
HENDERSON SUBD, LT 2, AC    R108268                     S    07/2003       423,000         437,040          417,184     1.0476
A0070 JOHN BARTON SUR, AC   R13175                      S    02/2004       665,000         592,770          667,494     0.8881
BLUE CREEK RANCH, LT 24,    R21665                      S    01/2004       342,500         389,900          342,928     1.1370
FRIENDSHIP RANCH PH II LT   R27997                      S    06/2003       480,000         433,170          472,200     0.9173
FRIENDSHIP RANCH PH II LT   R28033                      S    02/2004       419,999         411,190          421,574     0.9754
MEADOW CREEK RANCH LT 20    R35499                      S    10/2003       414,983         389,670          412,389     0.9449
OAK RUN WEST, LT 28, AC 2   R36985                      S    04/2003       355,000         389,250          347,456     1.1203
SADDLETREE RANCH SEC 1 LT   R41196                      S    01/2004       361,722         354,560          362,174     0.9790
SADDLETREE RANCH SEC 2, L   R41280                      S    08/2003       460,000         451,820          454,825     0.9934
SUNSET CANYON V LT 1041 1   R45328                      S    01/2004       370,000         346,810          370,463     0.9362
VISTA OAKS SEC 1, LT 15,    R46826                      S    10/2003       330,000         345,400          327,938     1.0532
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 005
TIME: 12:48:17                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          105/Hays                                                      VRSN: W
                                                        105-904/Dripping Springs ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   5
$    335,241 - $999,999,999

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
KIRBY SPGS RANCH PH II, L   R60597                      S    06/2003       750,000         663,140          737,813     0.8988
HILLS OF TEXAS ESTATES LT   R62558                      S    06/2003       559,000         509,640          549,916     0.9268
POLO CLUB @ ROOSTER SPGS    R62867                      S    01/2004       980,000         917,520          981,225     0.9351
POLO CLUB @ ROOSTER SPGS    R62886                      S    10/2003       535,000         556,390          531,656     1.0465
POLO CLUB AT ROOSTER SPRI   R86311                      S    09/2003       400,000         403,610          396,500     1.0179
WOODLAND ESTATES SEC II P   R86432                      S    10/2003       350,000         374,360          347,813     1.0763
SETTLERS POINT PH 1, LT 3   R89513                      S    09/2003       390,000         433,250          386,588     1.1207
POLO CLUB AT ROOSTER SPGS   R91161                      S    12/2003       500,000         501,010          499,375     1.0033
SAWYER RANCH SEC 1, BLK C   R92890                      S    07/2003       375,000         387,210          369,844     1.0470
KEY RANCH AT THE POLO CLU   R93344                      S    07/2003     1,100,000       1,009,440        1,084,875     0.9305
KEY RANCH AT THE POLO CLU   R93348                      S    07/2003       424,000         444,120          418,170     1.0621
HIDDEN SPRINGS RANCH, BLK   R93578                      S    01/2004       395,000         369,400          395,494     0.9340
HIDDEN SPRINGS RANCH, BLK   R93589                      S    11/2003       350,000         336,170          348,688     0.9641
HIDDEN SPRINGS RANCH, BLK   R93599                      S    07/2003       375,000         364,210          369,844     0.9848
DEERFIELD ESTATES SEC TWO   R96162                      S    06/2003       503,000         503,620          494,826     1.0178
DEERFIELD ESTATES SEC TWO   R96183                      S    08/2003       349,900         366,700          345,964     1.0599
DEERFIELD ESTATES SEC TWO   R96184                      S    01/2004       359,900         361,060          360,350     1.0020
SAWYER RANCH SEC 4, BLK A   R96387                      S    07/2003       355,000         363,230          350,119     1.0374
SAWYER RANCH, SEC 2, BLK    R96412                      S    09/2003       416,000         403,040          412,360     0.9774
POLO CLUB AT ROOSTER SPGS   R97131                      S    11/2003       656,625         630,470          654,163     0.9638
THE OVERLOOK AT THE HILLS   R97411                      S    07/2003       365,000         365,520          359,981     1.0154
CROOKED OAKS, LT 3, AC 5.   R97685                      S    11/2003       435,000         370,800          433,369     0.8556
FOREST WOODS ESTATES, LT    R99987                      S    05/2003       320,000         345,350          314,000     1.0998
                                                                                       ___________      ___________     ______
                                                           STRATUM 5 TOTALS             20,411,770       20,663,839     0.9878

____________________________________________________________________________________________________________________________________


CATEGORY A  - TOTALS
____________________________________________________________________________________________________________________________________

STRATUM  COMP     SAMPLE      STRATUM          SAMPLE          SAMPLE          STRATUM      STRATUM           STRATUM     CATEGORY
_______  ____     ______      _______          ______          ______          _______      _______           _______     ________
         CODE     PARCELS     PARCELS     LOCAL VALUE       PTD VALUE      LOCAL VALUE        RATIO         PTD VALUE        RATIO
         ____     _______     _______     ___________       _________      ___________        _____         _________        _____

   1      U            0          910               0               0       53,550,321                     53,550,321
   2      R           41        1,515       6,886,770       6,948,062      254,220,134       0.9912       256,477,133
   3      R           60        1,014      14,194,160      13,873,183      254,166,327       1.0231       248,427,648
   4      R           31          799       8,992,560       9,056,193      254,661,041       0.9930       256,456,235
   5      R           45          550      20,411,770      20,663,839      253,559,928       0.9878       256,691,565

TOTAL                177        4,788      50,485,260      50,541,277    1,070,157,751                  1,071,602,902       0.9987
____________________________________________________________________________________________________________________________________
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 006
TIME: 12:48:17                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          105/Hays                                                      VRSN: W
                                                        105-904/Dripping Springs ISD

____________________________________________________________________________________________________________________________________

CATEGORY C  - STRATUM   2
$     13,651 - $     34,890

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
OAK SPRINGS, LT 4A, 1.48    R108100                     S    07/2003        30,000          22,990           30,000     0.7663
BARTON CREEK RANCH, LT 23   R20658                      S    08/2003        44,000          34,610           44,000     0.7866
HILLS OF SPRINGLAKE, LT 1   R31531                      S    12/2003        30,000          26,510           30,000     0.8837
LONGVIEW ADDN, BLK A, LT    R34819                      S    03/2004        54,900          33,320           54,900     0.6069
SADDLETREE RANCH SEC 2, L   R41365                      S    12/2003        35,000          34,610           35,000     0.9889
SPRINGLAKE LT 78 1.126 AC   R43165                      S    12/2003        21,000          20,910           21,000     0.9957
STAGECOACH RANCH SEC 1 LT   R43496                      S    04/2003        35,000          33,370           35,000     0.9534
SUNSET CANYON LT 334 1.96   R44571                      S    07/2003        18,000          22,420           18,000     1.2456
SUNSET CANYON LT 337 2.15   R44574                      S    07/2003        20,000          24,880           20,000     1.2440
SUNSET CANYON, SEC 4, LT    R45068                      S    12/2003        35,000          31,490           35,000     0.8997
SUNSET CANYON V LT 900 1.   R45187                      S    02/2004        28,000          24,900           28,000     0.8893
WEST CAVE EST SEC 1 LT 10   R47262                      S    05/2003        32,000          29,470           32,000     0.9209
WEST CAVE EST SEC 1 LT 3    R47273                      S    02/2004        24,000          25,590           24,000     1.0663
WEST CAVE EST SEC 2, BLK    R47332                      S    01/2004        18,500          18,500           18,500     1.0000
BURGER RIDGE ESTATES, LT    R60298                      S    08/2003        21,000          20,880           21,000     0.9943
DEERFIELD ESTATES SEC TWO   R96172                      S    11/2003        30,000          30,000           30,000     1.0000
DEERFIELD ESTATES SEC TWO   R96175                      S    11/2003        34,500          34,500           34,500     1.0000
NORTHRIDGE PH 1, LT 1-F,    R97341                      S    06/2003        29,000          32,510           29,000     1.1210
HARMON HILLS I, LT H-24B,   R97868                      S    02/2004        26,000          29,000           26,000     1.1154
                                                                                       ___________      ___________     ______
                                                           STRATUM 2 TOTALS                530,460          565,900     0.9374

____________________________________________________________________________________________________________________________________


CATEGORY C  - STRATUM   3
$     34,891 - $     53,390

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____

THE PRESERVE PH ONE, LT 4   R100667                     S    11/2003        50,000          50,440           50,000     1.0088
SAWYER RANCH, SEC 6, BLK    R101175                     S    09/2003        60,000          49,840           60,000     0.8307
SAWYER RANCH, SEC 5, BLK    R101289                     S    11/2003        62,000          48,860           62,000     0.7881
DEER CREEK RANCH, BLK A,    R107852                     S    12/2003        42,000          43,940           42,000     1.0462
WALKING W RANCH PH A, LT    R108104                     S    11/2003        45,000          42,890           45,000     0.9531
BARTON CREEK RANCH LT 12A   R20648                      S    11/2003        45,000          47,660           45,000     1.0591
BEAR CREEK EST II, LT 32,   R20805                      S    06/2003        72,500          49,910           72,500     0.6884
BIG COUNTRY ANNEX II TR C   R21244                      S    11/2003        40,000          39,920           40,000     0.9980
HERITAGE OAKS, LT 36, AC    R30251                      S    01/2004        55,660          46,900           55,660     0.8426
HERITAGE OAKS SEC 2-B, LT   R30358                      S    10/2003        39,900          39,980           39,900     1.0020
SPRINGLAKE LT 98 5.00 AC    R43188                      S    11/2003        35,900          45,940           35,900     1.2797
SUNSET CANYON SEC 3 LT 63   R44927                      S    08/2003        45,000          39,250           45,000     0.8722
SYCAMORE VALLEY, LT 9, AC   R45398                      S    12/2003        60,000          49,110           60,000     0.8185
VISTA RIDGE EST LT 15 15.   R46846                      S    12/2003        50,000          44,240           50,000     0.8848
TRIPLE CREEK RANCH SEC 1    R60848                      S    08/2003        57,000          39,470           57,000     0.6925
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 007
TIME: 12:48:17                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          105/Hays                                                      VRSN: W
                                                        105-904/Dripping Springs ISD

____________________________________________________________________________________________________________________________________


CATEGORY C  - STRATUM   3
$     34,891 - $     53,390

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
MADRONE RANCH SEC II A LT   R62721                      S    09/2003        50,440          50,590           50,440     1.0030
MADRONE RANCH SEC II B LT   R62738                      S    05/2003        50,650          50,560           50,650     0.9982
SPRINGLAKE, BLK 1, LT 122   R89419                      S    01/2004        49,900          52,660           49,900     1.0553
HIDDEN SPRINGS RANCH, BLK   R93609                      S    02/2004        45,000          45,000           45,000     1.0000
SAWYER RANCH SEC 2, BLK A   R96404                      S    04/2003        30,000          43,010           30,000     1.4337
HERITAGE OAKS, LT 38-A, A   R99857                      S    01/2004        48,530          43,740           48,530     0.9013
                                                                                       ___________      ___________     ______
                                                           STRATUM 3 TOTALS                963,910        1,034,480     0.9318
____________________________________________________________________________________________________________________________________

CATEGORY C  - STRATUM   4
$     53,391 - $     76,490

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____

THE PRESERVE PH ONE, LT 5   R100668                     S    11/2003        47,500          70,520           47,500     1.4846
DAKOTA MOUNTAIN ESTATES,    R101419                     S    01/2004        50,900          55,000           50,900     1.0806
THE PRESERVE PH TWO, BLK    R104509                     S    07/2003        53,000          58,660           53,000     1.1068
THE PRESERVE, PH TWO, BLK   R104537                     S    10/2003        67,000          62,360           67,000     0.9307
SILVER SPUR RANCHETTES SE   R107450                     S    02/2004        75,000          67,900           75,000     0.9053
FRIENDSHIP RANCH PH II LT   R28036                      S    12/2003        65,500          67,180           65,500     1.0256
GOLDENWOOD #2 LT 52 4.00    R28328                      S    08/2003        58,000          56,930           58,000     0.9816
SADDLETREE RANCH SEC 2 LT   R41346, R41347              S    12/2003        64,000          55,890           64,000     0.8733
STAGECOACH RANCH SEC 1 LT   R43493                      S    01/2004        58,000          55,440           58,000     0.9559
SUNSET CANYON V LT 835-83   R45125, R45126              S    10/2003        70,000          68,910           70,000     0.9844
MADRONE RANCH SEC II B LT   R62729                      S    08/2003        60,000          56,060           60,000     0.9343
MADRONE RANCH SEC II B LT   R62731                      S    09/2003        61,110          59,000           61,110     0.9655
POLO CLUB AT ROOSTER SPRG   R86309                      S    06/2003        62,900          58,580           62,900     0.9313
PANTHER CREEK, LT 19, 13.   R86948                      S    04/2003        85,000          59,570           85,000     0.7008
SETTLERS POINT PH 1, LT 4   R89514                      S    05/2003        56,000          56,000           56,000     1.0000
POLO CLUB AT ROOSTER SPGS   R91902                      S    11/2003        63,000          70,000           63,000     1.1111
HIDDEN SPRINGS RANCH, BLK   R93622                      S    11/2003        48,750          56,900           48,750     1.1672
DEERFIELD ESTATES SEC TWO   R96161                      S    06/2003        55,000          55,580           55,000     1.0105
                                                                                       ___________      ___________     ______
                                                           STRATUM 4 TOTALS              1,090,480        1,100,660     0.9908

____________________________________________________________________________________________________________________________________

DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 008
TIME: 12:48:17                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          105/Hays                                                      VRSN: W
                                                        105-904/Dripping Springs ISD

____________________________________________________________________________________________________________________________________

CATEGORY C  - STRATUM   5
$     76,491 - $999,999,999

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____

CREEK ROAD RANCH SEC 1, L   R105832                     S    04/2003        95,000          86,800           95,000     0.9137
CREEK ROAD RANCH SEC 1, L   R105834                     S    06/2003        95,000          86,500           95,000     0.9105
FOREST WOODS SUBD UNIT 1    R27750                      S    07/2003       126,000          93,590          126,000     0.7428
SUNSET CANYON SEC II-C LT   R44804                      S    06/2003        99,000         100,090           99,000     1.0110
ONION CREEK RANCH SUBD, B   R85738                      S    11/2003        87,000          89,850           87,000     1.0328
ONION CREEK RANCH SUBD, B   R85755                      S    12/2003        90,000          89,990           90,000     0.9999
ILA CREEK ESTATES, LT 2,    R93270                      S    09/2003       125,000         117,400          125,000     0.9392
                                                                                       ___________      ___________     ______
                                                           STRATUM 5 TOTALS                664,220          717,000     0.9264

____________________________________________________________________________________________________________________________________


CATEGORY C  - TOTALS
____________________________________________________________________________________________________________________________________

STRATUM  COMP     SAMPLE      STRATUM          SAMPLE          SAMPLE          STRATUM      STRATUM           STRATUM     CATEGORY
_______  ____     ______      _______          ______          ______          _______      _______           _______     ________
         CODE     PARCELS     PARCELS     LOCAL VALUE       PTD VALUE      LOCAL VALUE        RATIO         PTD VALUE        RATIO
         ____     _______     _______     ___________       _________      ___________        _____         _________        _____

   1      U            0          688               0               0        5,178,615                      5,178,615
   2      R           19          900         530,460         565,900       24,666,639       0.9374        26,313,888
   3      R           21          538         963,910       1,034,480       24,787,427       0.9318        26,601,660
   4      R           18          364       1,090,480       1,100,660       24,581,137       0.9908        24,809,383
   5      R            7          198         664,220         717,000       24,596,972       0.9264        26,551,136

TOTAL                 65        2,688       3,249,070       3,418,040      103,810,790                    109,454,682       0.9484
____________________________________________________________________________________________________________________________________
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 009
TIME: 12:48:17                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          105/Hays                                                      VRSN: W
                                                        105-904/Dripping Springs ISD

____________________________________________________________________________________________________________________________________

CATEGORY D3 - STRATUM   0
$1 - $99,999,999,999

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
HOMESTEADS AT GATLIN CREE   R100841                     S    04/2003       155,000         162,870          155,000     1.0508
A016 RICHARD VAUGHN SUR,    R108160                     S    05/2003       274,000         231,280          274,000     0.8441
A0748 WILLIAM MARTIN SUR,   R108538                     S    10/2003        90,001          94,810           90,001     1.0534
A0008 W H HAGGARD SUR, AC   R11006                      S    04/2003       349,000         336,490          349,000     0.9642
A0009 THOMAS R JACKSON SU   R11054                      S    10/2003        79,625         103,700           79,625     1.3024
ABS 38 B H H BUTTS SUR 88   R12797, R12798              S    11/2003       850,000         615,700          850,000     0.7244
ABS 70 JOHN BARTON SUR 20   R13159, R13160, R109069     S    12/2003       365,000         443,730          365,000     1.2157
ABS 293 T B LEE SUR 13.40   R16243, R16224              S    04/2003       333,000         331,520          333,000     0.9956
A339 MARSHALL & A621 TC R   R16759                      S    12/2003       360,000         398,160          360,000     1.1060
A0380 J RODRIGUEZ SUR, AC   R17417                      S    08/2003       150,000         151,910          150,000     1.0127
A415 TR M, P A SMITH, 7.0   R18129                      S    06/2003       251,500         248,830          251,500     0.9894
A0433 WILLIAM SEVEY SUR,    R18255                      S    04/2003       235,000         235,870          235,000     1.0037
A519 BUTLER SUR, 29.45 AC   R19275                      S    05/2003       180,000         183,500          180,000     1.0194
A0664 FANNIE A D DARDEN S   R19858, R19866, R19867      S    07/2003       685,000         656,180          685,000     0.9579
BELL SPGS RANCHES SEC 1,    R21040, R86382              S    12/2003       235,500         212,010          235,500     0.9003
DOUGLAS ESTATES, LT 34, A   R26266                      S    02/2004        85,000          80,500           85,000     0.9471
HARMON HILLS I, LT 19, MH   R29734                      S    09/2003       130,000         115,180          130,000     0.8860
HAYS COUNTRY AC, LT PT OF   R29810, R71003              S    07/2003       315,000         281,410          315,000     0.8934
HURLBUT RANCH EAST, BLK E   R32707, R88876              S    01/2004     1,375,000       1,274,810        1,375,000     0.9271
ABS 629 GC & SF RR CO, PT   R36723                      S    11/2003       217,000         218,080          217,000     1.0050
THOMASSEN RANCH, LT 8, AC   R72142                      S    02/2004       800,000         762,570          800,000     0.9532
VALLEY OAK, LT 12, AC 13.   R72252                      S    09/2003        80,000          70,770           80,000     0.8846
MOUNTAIN OAKS, LT 3, AC 5   R95915                      S    01/2004       238,900         256,760          238,900     1.0748
                                                                                       ___________      ___________     ______
                                                           STRATUM 0 TOTALS              7,466,640        7,833,526     0.9532

____________________________________________________________________________________________________________________________________


CATEGORY D3 - TOTALS
____________________________________________________________________________________________________________________________________

STRATUM  COMP     SAMPLE      STRATUM          SAMPLE          SAMPLE          STRATUM      STRATUM           STRATUM     CATEGORY
_______  ____     ______      _______          ______          ______          _______      _______           _______     ________
         CODE     PARCELS     PARCELS     LOCAL VALUE       PTD VALUE      LOCAL VALUE        RATIO         PTD VALUE        RATIO
         ____     _______     _______     ___________       _________      ___________        _____         _________        _____

   0      R           23        3,072       7,466,640       7,833,526      210,272,075       0.9532       220,595,966

TOTAL                 23        3,072       7,466,640       7,833,526      210,272,075                    220,595,966       0.9532
____________________________________________________________________________________________________________________________________
                                                        **** END OF REPORT ****