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DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 001
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   2
$     44,881 - $    136,020

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

INDIAN HILLS LT 29          R10262                      S    09/2003        45,000          49,730           44,606     1.1149
RIVER VALLEY RANCH AIR ST   R10332                      S    03/2004        94,700          69,470           95,292     0.7290
QUAIL CREEK TR 34           R11098                      S    12/2003        78,500          75,630           78,402     0.9646
VILLAS DE LAGO HORSESHOE    R14631                      S    10/2003       121,500         126,072          120,741     1.0442
KINGSLAND ESTATES UNIT 1    R15202                      S    12/2003       104,000          99,380          103,870     0.9568
NOB HILL S 1/2 OF LT 193    R17001                      S    02/2004        73,000          74,090           73,274     1.0111
MOORE ADDN BLK 36 LTS 4-6   R17685                      S    12/2003        70,000          63,870           69,913     0.9136
I P PULLUM ABST #580  0.2   R17719                      S    03/2004       110,000         106,440          110,688     0.9616
LAKESIDE HEIGHTS UNIT 1 L   R17833                      S    01/2004        95,000          94,100           95,119     0.9893
HORSESHOE BAY WEST LT W40   R18357                      S    12/2003       130,000         127,690          129,838     0.9835
GRANITE SHOALS LAKE ESTAT   R18649                      S    03/2004        98,300          98,770           98,914     0.9985
CAPE TERRACE HORSESHOE BA   R18735                      S    02/2004       126,239         124,950          126,712     0.9861
BARLER SUBD BLK 15 LTS 5    R18894                      S    11/2003        55,000          55,760           54,794     1.0176
J C RAGSDALE ABST #614  0   R19337                      S    08/2003        92,000          96,350           90,965     1.0592
SOUTH ADDN BLK 36 NE PT O   R19425                      S    10/2003        90,000          95,200           89,438     1.0644
NOB HILL LTS 386 & 387      R19607                      S    05/2003        82,000          78,910           80,463     0.9807
L I & F BLK 46 LTS 9-11     R20205                      S    10/2003        50,000          52,650           49,688     1.0596
BARLER SUBD ALL OF FRACTI   R22777                      S    12/2003       121,000         123,120          120,849     1.0188
TIMBER RIDGE CONDO HORSES   R22904                      S    09/2003        81,000          78,610           80,291     0.9791
HORSESHOE BAY LT 27027      R23357                      S    01/2004       141,000         131,980          141,176     0.9349
BAY VIEW TWNHS HORSESHOE    R23768                      S    05/2003        96,300         106,450           94,494     1.1265
COURTSIDE TWNH HORSESHOE    R24392                      S    04/2003        72,000          79,690           70,470     1.1308
COURTSIDE TWNH HORSESHOE    R24476                      S    11/2003        68,400          68,920           68,144     1.0114
THE OAKS CONDO HORSESHOE    R26474                      S    01/2004        55,800          56,830           55,870     1.0172
SOUTH ADDN BLK 3 PT OF LT   R27591                      S    04/2003        59,500          60,560           58,236     1.0399
HORSESHOE BAY LT 9065       R27753                      S    02/2004       101,000          99,030          101,379     0.9768
LAKEWOOD FOREST UNIT 3 LT   R28021                      S    09/2003        61,000          65,210           60,466     1.0785
HORSESHOE BAY LT 9097-B     R28145                      S    07/2003       127,500         117,270          125,747     0.9326
HORSESHOE BAY N 1/2 LT 90   R28156                      S    03/2004       118,350         116,660          119,090     0.9796
LAKEWOOD FOREST UNIT 3 LT   R28175                      S    11/2003       117,000         114,730          116,561     0.9843
LAKEWOOD FOREST UNIT 3 LT   R28351                      S    05/2003       129,000         122,450          126,581     0.9674
SOUTH ADDN BLK 8 W 1/2 OF   R28972                      S    09/2003        65,000          53,400           64,431     0.8288
RIO LLANO UNIT 3 LT 221     R29464                      S    09/2003        65,000          69,630           64,431     1.0807
NORTH ADDN NE 1/2 OF BLK    R29994                      S    03/2004        95,800          95,580           96,399     0.9915
LOS PALOS VILLAGE HORSESH   R30038                      S    05/2003        72,900          67,350           71,533     0.9415
LAKE LBJ VILLAGE BLDG #2    R30248                      S    04/2003        49,500          49,400           48,448     1.0196
KINGSLAND ESTATES UNIT 3    R32050                      S    07/2003       143,500         128,890          141,527     0.9107
SOUTH ADDN BLK 23 NW 1/2    R32258                      S    08/2003        63,000          65,870           62,291     1.0575
CENTER COURT TWNH HORSESH   R33136                      S    03/2004        49,500          49,390           49,809     0.9916
RIO LLANO UNIT 2 LT 97  5   R33381                      S    12/2003        67,933          66,630           67,848     0.9820
BAY COURT CONDO HORSESHOE   R33941                      S    10/2003        85,050          81,350           84,518     0.9625
HORSESHOE BAY LT 7077-A     R34815                      S    09/2003        86,000          85,420           85,248     1.0020
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 002
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________

CATEGORY A  - STRATUM   2
$     44,881 - $    136,020

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
ROYAL OAKS COUNTRY CLUB U   R35150                      S    10/2003       111,800         110,990          111,101     0.9990
ESCAPE CONDO HORSESHOE BA   R35488                      S    01/2004       128,250         127,840          128,410     0.9956
HILLSIDE TWNH HORSESHOE B   R37214                      S    06/2003        70,650          72,570           69,502     1.0441
COMANCHE RANCHERIAS UNIT    R38437                      S    10/2003       131,000         131,230          130,181     1.0081
THE OAKS CONDO HORSESHOE    R38761                      S    06/2003        51,750          52,675           50,909     1.0347
TIMBER RIDGE CONDO HORSES   R38924                      S    12/2003        78,300          73,730           78,202     0.9428
SHIRLEY WILLIAMS LT 143 (   R39404                      S    07/2003       130,000         118,070          128,213     0.9209
SUNRISE BEACH UNIT 1 LT 1   R39461                      S    08/2003       115,000         111,470          113,706     0.9803
SUNRISE BEACH UNIT 1 LT 1   R39473                      S    12/2003        95,000          87,950           94,881     0.9270
BARLER SUBD BLK 21 LTS 7    R42015                      S    09/2003        56,000          55,410           55,510     0.9982
KINGSWAY SUBD LT 3  1.001   R51151                      S    04/2003        78,500          76,640           76,832     0.9975
BARLER SUBD BLK 39 LTS 3-   R54783                      S    12/2003       106,500         106,570          106,367     1.0019
THE UPPER DECK HORSESHOE    R5782                       S    12/2003        44,100          47,800           44,045     1.0853
RIVER VIEW LT 7  0.600 AC   R5948                       S    02/2004       102,500         101,410          102,884     0.9857
OZBURN ADDN LT 10           R6302                       S    08/2003        89,000          90,210           87,999     1.0251
PIERCE POINT LT 11          R7741                       S    11/2003        80,000          75,490           79,700     0.9472
BILLY MCGEE LT 14           R8083                       S    08/2003        91,000          90,210           89,976     1.0026
                                                                                       ___________      ___________     ______
                                                           STRATUM 2 TOTALS              5,173,747        5,236,972     0.9879

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   3
$    136,021 - $    237,640

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

RIVER VIEW LT 41  2.324 A   R11822                      S    02/2004       159,000         161,560          159,596     1.0123
J G PFEUFFER ABST #594  0   R11958                      S    02/2004       175,000         184,750          175,656     1.0518
GRANITE SHOALS LAKE SHORE   R12150                      S    05/2003       165,000         161,860          161,906     0.9997
KINGSLAND ESTATES UNIT 1    R14041                      S    03/2004       159,000         154,310          159,994     0.9645
LAKEWOOD FOREST, UN 1, LT   R14309                      S    09/2003       200,000         161,860          198,250     0.8164
VILLAS DE LAGO HORSESHOE    R14502                      S    06/2003       135,000         139,382          132,806     1.0495
C PAPE ABST #595  3.710 A   R14775                      S    08/2003       185,000         172,410          182,919     0.9425
SUNRISE BEACH UNIT 2A LTS   R14894                      S    06/2003       195,000         189,260          191,831     0.9866
HORSESHOE BAY LT 50011-A    R14957                      S    05/2003       195,000         180,020          191,344     0.9408
GRANITE SHOALS LAKE ESTAT   R16879                      S    11/2003       149,000         149,100          148,441     1.0044
VILLAS DE LAGO HORSESHOE    R18737                      S    04/2003       135,000         139,872          132,131     1.0586
CAPE TERRACE HORSESHOE BA   R18747                      S    06/2003       133,200         143,260          131,036     1.0933
I P PULLUM ABST #580 (26,   R19228                      S    03/2004       205,000         206,160          206,281     0.9994
DIAGONAL CONDO HORSESHOE    R20938                      S    05/2003       229,500         225,340          225,197     1.0006
ESCAPE WEST TNHM HORSESHO   R22835                      S    10/2003       149,625         140,140          148,690     0.9425
BLUE LAKE ESTATES UNIT 4    R24306                      S    07/2003       225,625         214,180          222,523     0.9625
J C RAGSDALE ABST #614      R26189                      S    10/2003       175,000         171,230          173,906     0.9846
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 003
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   3
$    136,021 - $    237,640

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
LAKEWOOD FOREST UNIT 3 LT   R27002                      S    05/2003       240,000         218,450          235,500     0.9276
LAKEWOOD FOREST UNIT 3 LT   R27023                      S    10/2003       165,000         168,810          163,969     1.0295
FAIRWAY MANOR HORSESHOE B   R28340                      S    10/2003       172,800         163,050          171,720     0.9495
THE LANDING HORSESHOE BAY   R28418                      S    05/2003       174,150         162,500          170,885     0.9509
HORSESHOE BAY, LT 25080     R30443                      S    09/2003       215,000         235,650          213,119     1.1057
HORSESHOE BAY LT 12019      R30947                      S    10/2003       150,000         146,070          149,063     0.9799
KINGSLAND ESTATES UNIT 3    R33000                      S    09/2003       175,000         161,440          173,469     0.9307
KINGSRIDGE BLK W LT 6       R33584                      S    05/2003       158,500         166,630          155,528     1.0714
SHELTERED HARBOR CONDO HO   R33683                      S    09/2003       222,750         218,420          220,801     0.9892
SHELTERED HARBOR CONDO HO   R33696                      S    10/2003       198,000         200,050          196,763     1.0167
HORSESHOE BAY LT 7049       R34543                      S    03/2004       198,000         198,560          199,238     0.9966
ROYAL OAKS COUNTRY CLUB U   R35129                      S    02/2004       142,000         144,350          142,533     1.0127
HORSESHOE BAY WEST LT W30   R35452                      S    03/2004       225,000         218,180          226,406     0.9637
HORSESHOE BAY LT 15037-B    R35645                      S    01/2004       195,000         197,140          195,244     1.0097
HALE MAKANI HORSESHOE BAY   R35779                      S    07/2003       198,000         195,260          195,278     0.9999
MILLER ADDN BLK D3 LTS 9-   R35991                      S    12/2003       158,000         142,300          157,803     0.9018
RIVER LAKE BLK A LT 16  1   R37714                      S    03/2004       220,000         218,330          221,375     0.9862
ROYAL OAKS ESTATES UNIT 1   R38175                      S    06/2003       227,500         143,500          223,803     0.6412
HORSESHOE BAY LT 10064      R38373                      S    11/2003       160,000         158,220          159,400     0.9926
HORSESHOE BAY LT 10077      R38515                      S    04/2003       175,000         171,940          171,281     1.0038
COMANCHE RANCHERIAS UNIT    R38620                      S    08/2003       189,000         180,900          186,874     0.9680
ROYAL OAKS COUNTRY CLUB L   R38847                      S    09/2003       150,000         168,570          148,688     1.1337
HORSESHOE BAY LT 10111      R38983                      S    09/2003       167,250         165,670          165,787     0.9993
PACKSADDLE GREEN LT 8  63   R50511                      S    09/2003       230,000         233,160          227,988     1.0227
A FLORES ABST #214  0.600   R50615                      S    04/2003       235,000         220,480          230,006     0.9586
ROYAL OAKS COUNTRY CLUB L   R53975, R39837              S    03/2004       145,000         145,960          145,906     1.0004
POINTVIEW LAKE HOMES LT 3   R5401                       S    09/2003       172,800         182,090          171,288     1.0631
POINTVIEW LAKE HOMES LT 7   R5936                       S    04/2003       176,400         182,090          172,652     1.0547
REVEN ACRES LTS 10 & 11     R7747                       S    11/2003       144,000         138,260          143,460     0.9638
GRANITE COVE PT LT 19 & W   R8567                       S    06/2003       187,500         187,450          184,453     1.0162
PARKVIEW ACRES  N 1/2 LT    R8609                       S    08/2003       165,750         177,220          163,885     1.0814
GRANITE SHOALS LAKE ESTAT   R9765                       S    08/2003       210,000         206,810          207,638     0.9960
GRANITE SHOALS LAKE SHORE   R9878                       S    03/2004       187,500         180,140          188,672     0.9548
LULA HAYWOOD LT 25          R9964                       S    07/2003       175,000         195,510          172,594     1.1328
                                                                                       ___________      ___________     ______
                                                           STRATUM 3 TOTALS              9,087,854        9,195,576     0.9883
____________________________________________________________________________________________________________________________________

CATEGORY A  - STRATUM   4
$    237,641 - $    404,440

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

GRANITE SHOALS LAKE ESTAT   R10827                      S    10/2003       383,000         384,050          380,606     1.0090
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 004
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   4
$    237,641 - $    404,440

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
BRIDGEPOINT LT 43 & 0.069   R11917                      S    04/2003       337,000         344,200          329,839     1.0435
TIMBER LAKE LTS 53 & 54     R12636                      S    02/2004       240,000         244,490          240,900     1.0149
BRIDGEPOINT SUBD LT 55      R12648                      S    09/2003       355,000         355,140          351,894     1.0092
HORSESHOE BAY LT 8071       R16976                      S    12/2003       299,000         287,080          298,626     0.9613
PECAN CREEK LT 315          R18871                      S    01/2004       350,000         355,880          350,438     1.0155
HORSESHOE BAY LT 24049      R19945                      S    01/2004       360,000         354,990          360,450     0.9849
TRANQUILO BAY CONDO HORSE   R20906                      S    03/2004       346,538         339,490          348,704     0.9736
TRANQUILO BAY CONDO HORSE   R20925                      S    07/2003       286,200         281,210          282,265     0.9963
PALM VILLAS CONDO HORSESH   R20951                      S    01/2004       244,800         240,211          245,106     0.9800
SHIRLEY WILLIAMS LT 5 (J    R21271                      S    09/2003       293,000         354,670          290,436     1.2212
HORSESHOE BAY WEST LT W70   R21932                      S    04/2003       385,000         383,590          376,819     1.0180
HORSESHOE BAY LT 19081      R22599                      S    09/2003       315,000         317,820          312,244     1.0179
CAPE WEST TWNH HORSESHOE    R23660                      S    03/2004       274,500         270,480          276,216     0.9792
BLUE LAKE ESTATES UNIT 4    R24005                      S    09/2003       325,000         325,180          322,156     1.0094
BLUE LAKE ESTATES UNIT 4    R24119                      S    12/2003       389,000         384,070          388,514     0.9886
SOUTH ADDN BLK 35 LT 142    R24312                      S    03/2004       250,000         248,530          251,563     0.9879
SUNRISE BEACH UNIT 4 LT 5   R26649                      S    09/2003       375,000         351,120          371,719     0.9446
OAK RIDGE EST, UN 3, LT 1   R26849                      S    04/2003       250,000         270,590          244,688     1.1059
LAKEWOOD FOREST UNIT 3 LT   R27085                      S    10/2003       294,000         258,130          292,163     0.8835
I P PULLUM ABST #580  0.6   R28580                      S    06/2003       339,500         342,530          333,983     1.0256
HORSESHOE BAY LT 17009      R28612                      S    06/2003       369,900         375,440          363,889     1.0317
HORSESHOE BAY WEST, LT W5   R28974                      S    09/2003       237,000         357,440          234,926     1.5215
SUNRISE BEACH UNIT 3 LTS    R29967                      S    06/2003       270,000         257,640          265,613     0.9700
HORSESHOE BAY LT 28034-B    R34261                      S    11/2003       237,700         243,690          236,809     1.0291
BLUE LAKE ESTATES UNIT 7    R37089                      S    02/2004       380,000         350,130          381,425     0.9180
LIGHTHOUSE TWNH HORSESHOE   R37244                      S    08/2003       288,000         268,880          284,760     0.9442
GOOSE POINT TWNH HORSESHO   R37448                      S    06/2003       370,800         367,400          364,775     1.0072
HORSESHOE BAY WEST LT W19   R37747                      S    10/2003       425,000         403,640          422,344     0.9557
SUNRISE BEACH UNIT 1 LT 2   R37800                      S    06/2003       290,000         347,980          285,288     1.2197
SUNRISE BEACH UNIT 1 LT 3   R37960                      S    09/2003       300,000         292,740          297,375     0.9844
HORSESHOE BAY LT 23200      R38435                      S    08/2003       280,000         267,581          276,850     0.9665
HORSESHOE BAY LT 10070      R38440                      S    01/2004       365,000         361,100          365,456     0.9881
HORSESHOE BAY WEST LT W27   R38693                      S    08/2003       364,650         364,650          360,548     1.0114
SHORELINE CONDO HORSESHOE   R38775                      S    07/2003       253,800         254,100          250,310     1.0151
SHORELINE CONDO HORSESHOE   R38787                      S    03/2004       247,500         252,670          249,047     1.0145
HORSESHOE BAY LT 10106      R38905                      S    07/2003       350,000         276,390          345,188     0.8007
SUNRISE BEACH UNIT 1 LT 1   R39790                      S    09/2003       271,000         267,980          268,629     0.9976
SHIRLEY WILLIAMS LTS 44 &   R40460                      S    12/2003       250,000         246,880          249,688     0.9888
HORSESHOE BAY LT 5013       R40604                      S    07/2003       350,000         328,990          345,188     0.9531
SHORELINE CONDO HORSESHOE   R40908                      S    03/2004       256,500         252,670          258,103     0.9790
SUNRISE BEACH UNIT 2B LT    R41013                      S    11/2003       395,000         368,800          393,519     0.9372
HORSESHOE BAY WEST LT W10   R41583                      S    03/2004       320,000         302,190          322,000     0.9385
SUNRISE BEACH UNIT 2A LTS   R42136                      S    10/2003       360,000         348,590          357,750     0.9744
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 005
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   4
$    237,641 - $    404,440

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
HORSESHOE BAY WEST LT W90   R42371                      S    12/2003       354,000         339,240          353,558     0.9595
HORSESHOE BAY LT 23118-B    R50082                      S    05/2003       240,000         246,905          235,500     1.0484
CAPE SHORES HORSESHOE BAY   R5226                       S    06/2003       261,000         242,600          256,759     0.9449
LAKESIDE HEIGHTS UNIT 1 L   R5504                       S    09/2003       230,000         244,000          227,988     1.0702
GRANITE SHOALS LAKE ESTAT   R5898                       S    09/2003       310,000         304,980          307,288     0.9925
LAKESIDE HEIGHTS UNIT 1 L   R5916                       S    07/2003       350,000         342,410          345,188     0.9920
KINGSLAND ESTATES UNIT 1    R7866                       S    07/2003       326,000         337,880          321,518     1.0509
                                                                                       ___________      ___________     ______
                                                           STRATUM 4 TOTALS             15,909,037       15,876,608     1.0020

____________________________________________________________________________________________________________________________________

CATEGORY A  - STRATUM   5
$    404,441 - $999,999,999

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

MATERN ISLAND HORSESHOE B   R10312                      S    06/2003       880,000         807,080          880,000     0.9171
HORSESHOE BAY APPLEHEAD I   R11139                      S    07/2003     1,240,000       1,230,970        1,240,000     0.9927
HORSESHOE BAY LT 21057-B    R12173                      S    07/2003       650,000         611,200          650,000     0.9403
HORSESHOE BAY APPLEHEAD I   R14242                      S    09/2003       475,000         494,770          475,000     1.0416
PECAN CREEK LT 200          R17110                      S    08/2003       495,000         474,970          495,000     0.9595
HORSESHOE BAY, LT 11008-A   R20829                      S    11/2003     1,255,000       1,139,510        1,255,000     0.9080
HORSESHOE BAY LT 11010      R20846                      S    08/2003       567,500         581,700          567,500     1.0250
HORSESHOE BAY LT 11013-A    R20866                      S    06/2003       620,000         617,860          620,000     0.9965
HORSESHOE BAY LT 11015-A    R20883                      S    09/2003       675,000         706,560          675,000     1.0468
HORSESHOE BAY WEST LT W28   R21993                      S    02/2004       545,000         491,850          545,000     0.9025
HORSESHOE BAY APPLEHEAD W   R23280                      S    12/2003     1,312,200       1,271,680        1,312,200     0.9691
HORSESHOE BAY LT 17030      R28834                      S    01/2004       420,000         418,390          420,000     0.9962
HORSESHOE BAY LT 17040      R28916                      S    09/2003       575,000         547,700          575,000     0.9525
BLUE LAKE ESTATES UNIT 3-   R29449                      S    12/2003       644,982         584,270          644,982     0.9059
HORSESHOE BAY LT 12033 &    R31030                      S    11/2003       975,000         942,770          975,000     0.9669
HORSESHOE BAY, LT 12037     R31065                      S    08/2003     1,100,000         872,100        1,100,000     0.7928
HORSESHOE BAY, LT 12041-1   R31106, R31099              S    10/2003       900,000         890,620          900,000     0.9896
HORSESHOE BAY LT 12067-A    R31264                      S    02/2004     1,500,000       1,413,690        1,500,000     0.9425
HORSESHOE BAY WEST, LT W2   R31368, R31362              S    06/2003     1,150,000       1,122,190        1,150,000     0.9758
HORSESHOE BAY WEST LT W29   R31501                      S    10/2003       999,950         964,690          999,950     0.9647
HORSESHOE BAY WEST LT W29   R31566                      S    10/2003       657,000         631,160          657,000     0.9607
HORSESHOE BAY LT 49054      R34396                      S    08/2003       730,000         672,630          730,000     0.9214
HORSESHOE BAY LT 36011      R35336                      S    08/2003       406,000         423,590          406,000     1.0433
HORSESHOE BAY LT 36016      R35398                      S    02/2004       571,500         539,620          571,500     0.9442
HORSESHOE BAY WEST LT W11   R36985                      S    03/2004       685,000         633,580          685,000     0.9249
HORSESHOE BAY LT 10042      R38103                      S    06/2003       480,000         471,620          480,000     0.9825
OAK RIDGE ESTATES, UN 1,    R38364                      S    07/2003       690,000         666,320          690,000     0.9657
HORSESHOE BAY LT 31100  3   R38688                      S    08/2003       849,900         818,370          849,900     0.9629
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 006
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   5
$    404,441 - $999,999,999

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
OAK RIDGE ESTATES LT 3A O   R40110                      S    09/2003       685,000         666,550          685,000     0.9731
SUNRISE BEACH UNIT 2B LTS   R40428                      S    01/2004       500,000         476,230          500,000     0.9525
HORSESHOE BAY LT 18130      R40486                      S    08/2003       645,000         608,560          645,000     0.9435
HORSESHOE BAY, LT 18132     R40500                      S    03/2004       625,000         473,570          625,000     0.7577
HORSESHOE BAY LT 5010-A     R40576                      S    02/2004       440,000         440,970          440,000     1.0022
HORSESHOE BAY WEST LT W30   R42456                      S    08/2003       650,000         607,240          650,000     0.9342
HORSESHOE BAY WEST LT W30   R42495                      S    01/2004       650,000         616,940          650,000     0.9491
OAK RIDGE ESTATES LT 6-R-   R42513                      S    04/2003       495,000         500,860          495,000     1.0118
HORSESHOE BAY WEST LT W29   R51301                      S    10/2003       850,000         828,010          850,000     0.9741
HORSESHOE BAY APPLEHEAD I   R51627                      S    05/2003       925,000         913,120          925,000     0.9872
HORSESHOE BAY LT 15044-E    R52430                      S    08/2003       925,000         921,050          925,000     0.9957
TRAILS END LT 19-A          R53413                      S    10/2003       550,000         526,140          550,000     0.9566
BEACH POINT SUBD TR 5 & 5   R5580                       S    12/2003       545,000         541,960          545,000     0.9944
POINT BREEZE LT 8  6820 S   R6061                       S    01/2004       575,000         610,300          575,000     1.0614
                                                                                       ___________      ___________     ______
                                                           STRATUM 5 TOTALS             29,772,960       31,109,032     0.9571

____________________________________________________________________________________________________________________________________


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        2,317               0               0       67,842,895                     67,842,895
   2      R           59        3,424       5,173,747       5,236,972      322,526,950       0.9879       326,477,326
   3      R           51        1,540       9,087,854       9,195,576      322,520,845       0.9883       326,339,011
   4      R           51          921      15,909,037      15,876,608      322,566,234       1.0020       321,922,389
   5      R           42          444      29,772,960      31,109,032      322,159,233       0.9571       336,599,345

TOTAL                203        8,646      59,943,598      61,418,188    1,357,616,157                  1,379,180,966       0.9844
____________________________________________________________________________________________________________________________________
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 007
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________

CATEGORY C  - STRATUM   2
$      3,841 - $     16,130

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
HORSESHOE BAY NORTH LT N5   R11302                      S    01/2004        10,000          10,000           10,000     1.0000
HORSESHOE BAY LT 8005       R15342                      S    03/2004        11,000          11,000           11,000     1.0000
HORSESHOE BAY APPLEHEAD W   R15726                      S    05/2003         8,500           8,500            8,500     1.0000
HORSESHOE BAY LT 8024       R15946                      S    07/2003         5,000           5,000            5,000     1.0000
HORSESHOE BAY LT 8055       R16672                      S    01/2004        15,000          15,000           15,000     1.0000
GRANITE SHOALS LAKE ESTAT   R18626                      S    03/2004         6,000           6,000            6,000     1.0000
OAK RIDGE ESTATES LT 51R    R20048                      S    03/2004         6,000           5,980            6,000     0.9967
ROYAL OAKS ESTATES UNIT 9   R23686                      S    03/2004         5,000           5,000            5,000     1.0000
KINGSRIDGE BLK C LT 10      R26758                      S    07/2003         3,500           4,000            3,500     1.1429
ROYAL OAKS COUNTRY CLUB U   R27069, R27088              S    06/2003        13,000          13,000           13,000     1.0000
ROYAL OAKS COUNTRY CLUB U   R27151                      S    02/2004         6,500           6,500            6,500     1.0000
ROYAL OAKS COUNTRY CLUB U   R27167                      S    02/2004         6,500           6,500            6,500     1.0000
HORSESHOE BAY LT 9096       R28124                      S    07/2003         5,500           5,500            5,500     1.0000
SUNRISE BEACH UNIT 4 LT 6   R28171                      S    05/2004         4,000           4,000            4,000     1.0000
LAKEWOOD FOREST UNIT 3 LT   R28384, R28403              S    10/2003        10,000           8,000           10,000     0.8000
LAKEWOOD FOREST UNIT 3 LT   R28422                      S    04/2004        10,000           8,000           10,000     0.8000
LAKEWOOD FOREST UNIT 3 LT   R28903, R28912              S    03/2004         6,750           8,000            6,750     1.1852
ROYAL OAKS ESTATES UNIT 3   R28920                      S    07/2003         8,000           8,000            8,000     1.0000
HORSESHOE BAY LT 4145       R30973                      S    10/2003        10,000          10,000           10,000     1.0000
SUNRISE BEACH UNIT 3 LTS    R31041                      S    07/2003         6,200           6,000            6,200     0.9677
HORSESHOE BAY WEST LT W80   R31475                      S    04/2003        15,000          15,000           15,000     1.0000
HORSESHOE BAY WEST LT W16   R33378                      S    08/2003        12,000          12,000           12,000     1.0000
ROYAL OAKS COUNTRY CLUB U   R34094                      S    04/2004         5,500           5,500            5,500     1.0000
ROYAL OAKS COUNTRY CLUB U   R34121                      S    05/2004         6,500           6,050            6,500     0.9308
HORSESHOE BAY WEST LT W11   R36335                      S    10/2003         8,000           8,080            8,000     1.0100
KINGSLAND ESTATES UNIT 2    R36529                      S    11/2003         4,825           5,280            4,825     1.0943
SUNRISE BEACH UNIT 1 LT 1   R38868                      S    04/2003         4,000           4,000            4,000     1.0000
ROYAL OAKS COUNTRY CLUB L   R38986                      S    03/2004         5,000           4,900            5,000     0.9800
ROYAL OAKS COUNTRY CLUB L   R39823                      S    06/2003         8,000           7,500            8,000     0.9375
OAK RIDGE ESTATES UNIT 1    R40057                      S    02/2004         7,200           7,200            7,200     1.0000
HORSESHOE BAY LT 34010      R41492                      S    09/2003        12,500          12,500           12,500     1.0000
WOODFOREST RANCHETTES BLK   R51378                      S    11/2003         4,000           4,430            4,000     1.1075
HILL ACRES LTS 2D & 2E      R51527, R5456               S    05/2003         9,000           8,710            9,000     0.9678
HORSESHOE BAY APPLEHEAD I   R5490                       S    12/2003        15,000          14,890           15,000     0.9927
GRANITE SHOALS LAKE ESTAT   R7955                       S    08/2003         5,500           5,400            5,500     0.9818
                                                                                       ___________      ___________     ______
                                                           STRATUM 2 TOTALS                275,420          278,475     0.9890

____________________________________________________________________________________________________________________________________


DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 008
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________

CATEGORY C  - STRATUM   3
$     16,131 - $     39,000

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

GRANITE SHOALS LAKE ESTAT   R10254                      S    12/2003        20,000          19,500           20,000     0.9750
HORSESHOE BAY WEST LT W25   R17625                      S    03/2004        21,210          20,000           21,210     0.9430
HORSESHOE BAY WEST LT W40   R18397                      S    05/2004        34,500          34,500           34,500     1.0000
HORSESHOE BAY WEST LT W12   R19416                      S    04/2003        38,000          37,500           38,000     0.9868
HORSESHOE BAY LT 24059      R20050                      S    10/2003        37,000          36,000           37,000     0.9730
HORSESHOE BAY LT 24119      R20611                      S    12/2003        21,500          21,500           21,500     1.0000
HORSESHOE BAY WEST LT W70   R22083, R22090              S    05/2003        27,000          27,000           27,000     1.0000
HORSESHOE BAY WEST, LT W1   R25111                      S    10/2003        21,000          21,000           21,000     1.0000
RIO VISTA UNIT 3 LT 116     R28283                      S    09/2003        18,500          18,540           18,500     1.0022
RIO VISTA UNIT 3 LT 136     R28566                      S    02/2004        30,000          31,220           30,000     1.0407
KINGSLAND ESTATES UNIT 3    R31613                      S    07/2003        37,500          33,000           37,500     0.8800
HORSESHOE BAY LT 28036      R34284                      S    09/2003        36,000          36,000           36,000     1.0000
HORSESHOE BAY LT 7050       R34552                      S    02/2004        16,500          16,500           16,500     1.0000
ROYAL OAKS COUNTRY CLUB U   R34558                      S    02/2004        15,000          16,500           15,000     1.1000
HORSESHOE BAY WEST LT W19   R37290                      S    01/2004        28,500          28,500           28,500     1.0000
HORSESHOE BAY LT 10014      R37654                      S    10/2003        35,000          34,650           35,000     0.9900
ROYAL OAKS COUNTRY CLUB L   R38454                      S    11/2003        18,000          18,000           18,000     1.0000
ROYAL OAKS COUNTRY CLUB L   R38531                      S    03/2004        20,000          18,000           20,000     0.9000
ROYAL OAKS COUNTRY CLUB L   R38570                      S    11/2003        18,000          18,000           18,000     1.0000
HORSESHOE BAY WEST LT W60   R38704                      S    04/2003        25,000          24,900           25,000     0.9960
HORSESHOE BAY WEST LT W27   R39154                      S    02/2004        23,000          23,000           23,000     1.0000
ROYAL OAKS COUNTRY CLUB L   R39399                      S    01/2004        20,000          18,000           20,000     0.9000
ROYAL OAKS COUNTRY CLUB L   R39427, R39440              S    04/2004        34,000          35,100           34,000     1.0324
ROYAL OAKS COUNTRY CLUB L   R39789                      S    08/2003        16,000          18,000           16,000     1.1250
SUNRISE BEACH UNIT 2B LT    R40266, R40274              S    03/2004        35,000          32,960           35,000     0.9417
HORSESHOE BAY WEST LT W35   R40700                      S    06/2003        18,000          18,000           18,000     1.0000
HORSESHOE BAY LT 5027       R40724                      S    06/2003        28,250          28,250           28,250     1.0000
HORSESHOE BAY LT 18159      R40737                      S    01/2004        22,000          22,000           22,000     1.0000
HORSESHOE BAY LT 18160      R40744                      S    01/2004        17,500          17,600           17,500     1.0057
SUNRISE BEACH UNIT 7 LT 7   R41559                      S    10/2003        30,000          29,690           30,000     0.9897
HORSESHOE BAY WEST LT W90   R42399                      S    09/2003        20,000          19,800           20,000     0.9900
ROYAL OAKS ESTATES UNIT 8   R52282                      S    05/2003        22,000          20,000           22,000     0.9091
LEGEND HILLS LT 16  3.116   R53489                      S    09/2003        34,500          35,150           34,500     1.0188
KINGSRIDGE PT COMMERCIAL    R5501                       S    04/2003        55,000          31,170           55,000     0.5667
CHAPARRAL ESTATES LT 6      R5758, R5882                S    03/2004        20,000          21,000           20,000     1.0500
THE HILLS SECTION 1 LT 6    R5783                       S    08/2003        35,000          34,470           35,000     0.9849
VALLEY RANCH LT 21  6.120   R9638                       S    12/2003        20,000          19,710           20,000     0.9855
                                                                                       ___________      ___________     ______
                                                           STRATUM 3 TOTALS                934,710          968,460     0.9652
____________________________________________________________________________________________________________________________________

CATEGORY C  - STRATUM   4
$     39,001 - $    140,000

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

SUNRISE BEACH UNIT 2A LT    R13268                      S    10/2003       115,000         114,000          115,000     0.9913
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 009
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________


CATEGORY C  - STRATUM   4
$     39,001 - $    140,000

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
HORSESHOE BAY WEST LT W70   R21793                      S    06/2003        45,000          45,000           45,000     1.0000
HORSESHOE BAY LT 19005      R21810                      S    11/2003        50,000          50,000           50,000     1.0000
HORSESHOE BAY APPLEHEAD W   R23399                      S    05/2004        60,000          60,000           60,000     1.0000
RIO LLANO UNIT 4 LT 329     R24825, R24835              S    11/2003        40,000          39,010           40,000     0.9753
HORSESHOE BAY WEST LT W10   R25017                      S    09/2003       125,000         125,000          125,000     1.0000
HORSESHOE BAY WEST LT W80   R31434                      S    09/2003        87,000          87,000           87,000     1.0000
HORSESHOE BAY LT 15036-A    R35638, R35639, R35644      S    09/2003        78,000          75,000           78,000     0.9615
HORSESHOE BAY WEST LT W14   R40155                      S    09/2003        60,000          60,000           60,000     1.0000
HILLTOP AT BLUE LAKE LT 3   R50063                      S    08/2003        61,400          60,630           61,400     0.9875
APPLEHEAD ISLAND LT 44  0   R52298                      S    01/2004       140,000         137,890          140,000     0.9849
TOW VILLAGE LTS 26-29 & .   R52418                      S    05/2004        59,900          59,120           59,900     0.9870
THE HILLS SECTION 1 LT 15   R8180                       S    08/2003        59,000          58,440           59,000     0.9905
THE HILLS SECTION 1 LT 16   R8313                       S    11/2003        44,500          44,330           44,500     0.9962
POINT TELLA LT 17           R8424                       S    09/2003        67,000          48,400           67,000     0.7224
HILL VIEW ESTATES LT 20     R8649, R9607                S    09/2003        46,000          45,320           46,000     0.9852
                                                                                       ___________      ___________     ______
                                                           STRATUM 4 TOTALS              1,109,140        1,137,800     0.9748

____________________________________________________________________________________________________________________________________

CATEGORY C  - STRATUM   5
$    140,001 - $999,999,999

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

HORSESHOE BAY APPLEHEAD I   R11026                      S    04/2004       277,500         266,160          277,500     0.9591
HORSESHOE BAY APPLEHEAD W   R16660, R16674              S    04/2003       150,000         142,500          150,000     0.9500
BLUE LAKE ESTATES UNIT 4    R20796                      S    01/2004       165,000         165,000          165,000     1.0000
HORSESHOE BAY APPLEHEAD I   R23968                      S    05/2003       179,500         178,600          179,500     0.9950
HORSESHOE BAY WEST LT W29   R31627                      S    02/2004       195,000         196,000          195,000     1.0051
HORSESHOE BAY LT 36004      R35264                      S    04/2004       305,000         297,000          305,000     0.9738
BRIDGEPOINT SUBD SOUTH PT   R51471                      S    12/2003       163,000         162,470          163,000     0.9967
HORSESHOE BAY APPLEHEAD I   R51540                      S    12/2003       165,000         162,750          165,000     0.9864
HORSESHOE BAY APPLEHEAD I   R51624                      S    06/2003       179,500         177,440          179,500     0.9885
HORSESHOE BAY WEST LT 290   R51731                      S    03/2004       235,000         220,800          235,000     0.9396
APPLEHEAD ISLAND LT 97  0   R52302                      S    10/2003       149,028         148,630          149,028     0.9973
HORSESHOE BAY LT 15050-A    R52426                      S    07/2003       500,000         457,470          500,000     0.9149
HORSESHOE BAY WEST LT W20   R52449                      S    09/2003       185,000         181,440          185,000     0.9808
HORSESHOE BAY WEST LT W20   R52450                      S    08/2003       237,500         252,100          237,500     1.0615
BEACH POINT SUBD TR 4 & 4   R5462                       S    08/2003       465,000         437,960          465,000     0.9418
MATERN ISLAND HORSESHOE B   R5614                       S    02/2004       357,000         343,980          357,000     0.9635
HORSESHOE BAY APPLEHEAD I   R5903                       S    08/2003       175,000         171,350          175,000     0.9791
HORSESHOE BAY APPLEHEAD I   R8491                       S    08/2003       250,100         247,110          250,100     0.9880
MATERN ISLAND HORSESHOE B   R8578                       S    12/2003       400,000         382,200          400,000     0.9555
                                                                                       ___________      ___________     ______
                                                           STRATUM 5 TOTALS              4,590,960        4,733,128     0.9700

____________________________________________________________________________________________________________________________________


DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 010
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________

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        5,537               0               0        7,868,420                      7,868,420
   2      R           35        4,296         275,420         278,475       37,270,374       0.9890        37,684,908
   3      R           37        1,447         934,710         968,460       37,529,350       0.9652        38,882,460
   4      R           16          558       1,109,140       1,137,800       37,154,798       0.9748        38,115,304
   5      R           19          136       4,590,960       4,733,128       37,084,408       0.9700        38,231,348

TOTAL                107       11,974       6,910,230       7,117,863      156,907,350                    160,782,440       0.9759
____________________________________________________________________________________________________________________________________
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 011
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano 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
_________________            ______________             ___ _________    __________    ___________        _________      _____
H VOIT ABST #816  162.219   R10714, R54750, R9167, R9   S    10/2003       975,000         972,880          975,000     0.9978
A BURTTSCHELL ABST #68  2   R12258                      S    04/2003        80,000          81,460           80,000     1.0183
G L EPPERSON ABST #958  1   R12421, R6877, R6878        S    03/2004     1,082,953       1,054,480        1,082,953     0.9737
J G PFEUFFER ABST #594  0   R18157, R18150              S    06/2003       189,000         129,790          189,000     0.6867
FLAG CREEK OAKS UNIT 3 PT   R26801, R26830, R52367, R   S    10/2003       535,000         532,940          535,000     0.9961
BARNES, MOSS, HAYS, SEALE   R53068--R53072, R7190, R7   S    01/2004       764,000         802,210          764,000     1.0500
LEGEND HILLS LT 17  2.849   R53490                      S    04/2003        32,500          33,480           32,500     1.0302
D RODE ABST #1003  55.817   R54678, R54679, R54680      S    08/2003       254,575         243,100          254,575     0.9549
T KING ABST #466  9.055 A   R54723                      S    10/2003        79,230          80,310           79,230     1.0136
G BADER ABST #59  122.420   R54727                      S    10/2003       287,569         294,180          287,569     1.0230
C LEISSRING ABST #482  17   R54862                      S    01/2004        70,920          70,750           70,920     0.9976
W B DEAN ABST #172  186.7   R54863                      S    01/2004       420,287         440,830          420,287     1.0489
ARROWHEAD ESTATES TRACT 3   R54872                      S    05/2003        32,000          31,940           32,000     0.9981
ARROWHEAD ESTATES TRACT 6   R54875, R54876              S    06/2003        84,000          95,400           84,000     1.1357
ARROWHEAD ESTATES TRACT 8   R54877                      S    05/2003        48,581          47,550           48,581     0.9788
ARROWHEAD ESTATES TRACT 9   R54878                      S    10/2003        60,000          59,980           60,000     0.9997
ARROWHEAD ESTATES TRACT 1   R54879                      S    06/2003        70,000          69,940           70,000     0.9991
J C RAGSDALE ABST #614  6   R55115                      S    03/2004       192,000         181,620          192,000     0.9459
BAY COUNTRY LT 5            R5735                       S    02/2004       193,860         199,010          193,860     1.0266
BAY COUNTRY, LT 7           R5981                       S    09/2003       225,000         204,380          225,000     0.9084
BAY COUNTRY LT 8  5.680 A   R6104                       S    03/2004       215,000         204,480          215,000     0.9511
S A & M G RR CO ABST #768   R6940, R7429                S    05/2003       283,963         269,200          283,963     0.9480
S A & M G RR CO ABST #768   R8255, R8286                S    07/2003       285,000         282,320          285,000     0.9906
J WALDSCHMIDT ABST #851     R8548                       S    08/2003        85,000          85,310           85,000     1.0036
J M LEWIS ABST #1165  16.   R9315, R55089               S    03/2004       243,000         243,900          243,000     1.0037
                                                                                       ___________      ___________     ______
                                                           STRATUM 0 TOTALS              6,711,440        6,788,438     0.9887

____________________________________________________________________________________________________________________________________


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           25        6,859       6,711,440       6,788,438       96,475,976       0.9887        97,578,614

TOTAL                 25        6,859       6,711,440       6,788,438       96,475,976                     97,578,614       0.9887
____________________________________________________________________________________________________________________________________
DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 012
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________

CATEGORY F1 - STRATUM   2
$     40,610 - $    135,130

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
L S HAGLER AB 367, 1.057    R13849                      A                                   86,150          100,287     0.8590
INDIAN HILLS LTS 201-205    R17123                      S    09/2003       108,000         106,120          108,000     0.9826
L I & F BLK 113 LTS 10-12   R23545                      S    11/2003        90,000          90,630           90,000     1.0070
SOUTH ADDN BLK 19 PT OF L   R25110                      S    04/2004        69,000          72,460           69,000     1.0501
L I & F BLK 111 500 SFT O   R34564                      S    03/2004       110,000         110,490          110,000     1.0045
NORTH ADDN NE 1/4 LESS W    R40064, R37666              S    08/2003        62,500          57,810           62,500     0.9250
SOUTH ADDN, BLK 21, LT 29   R42223                      A                                  112,940          102,020     1.1070
                                                                                       ___________      ___________     ______
                                                           STRATUM 2 TOTALS                636,600          641,807     0.9919

____________________________________________________________________________________________________________________________________


CATEGORY F1 - STRATUM   3
$    135,131 - $    319,240

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

INDIAN HILLS LTS 123-125,   R15229                      S    05/2003       221,000         226,180          221,000     1.0234
A FLORES ABST 214, 1.409    R18702                      A                                  142,420          142,943     0.9963
L I & F BLK 45 LTS 5-7      R24864, R54857, R54858      S    04/2003       135,000         142,520          135,000     1.0557
ROYAL OAKS ESTATES, UN 3,   R27606                      A                                  149,100          112,321     1.3274
L I & F, BLK 47, LT 12-16   R42190                      A                                  188,480          168,625     1.1177
SOUTH ADDN, BLK 21, LT 27   R42206                      A                                  146,220          148,895     0.9820
J C RUTHER AB 653, 5.469    R5717                       A                                  142,300          180,530     0.7882
                                                                                       ___________      ___________     ______
                                                           STRATUM 3 TOTALS              1,137,220        1,109,314     1.0252
____________________________________________________________________________________________________________________________________

CATEGORY F1 - STRATUM   4
$    319,241 - $  1,031,790

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

J C RAGSDALE ABST #614  1   R31194                      S    01/2004       320,000         321,320          320,000     1.0041
L I & F, BLK 54, LTS 3-8    R32591                      A                                  487,840          518,326     0.9412
SOUTH ADDN, BLK 17, LT 38   R36087                      A                                  522,710          540,587     0.9669
HORSESHOE BAY TR RR-1       R36650                      A                                  532,500          697,126     0.7639
HORSESHOE BAY, LTS C21004   R42603                      A                                  368,740          307,920     1.1975
HORSESHOE BAY, TR 4 OF TR   R50308                      A                                  327,270          289,126     1.1319
                                                                                       ___________      ___________     ______
                                                           STRATUM 4 TOTALS              2,560,380        2,673,085     0.9578

____________________________________________________________________________________________________________________________________

DATE: 06/22/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 013
TIME: 12:54:56                                   2004 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________

CATEGORY F1 - STRATUM   5
$  1,031,791 - $999,999,999

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

W ECKELS AB 190, .640 AC    R16538                      A                                2,637,320        2,330,232     1.1318
SOUTH ADDN, PT OF BLK 20    R20013                      A                                1,163,470        1,139,702     1.0209
CENTRAL PARK, BLK 7         R33473                      A                                1,083,090        1,091,132     0.9926
HORSESHOE BAY TT AAA-2, 7   R35736                      A                                3,781,040        3,972,269     0.9519
                                                                                       ___________      ___________     ______
                                                           STRATUM 5 TOTALS              8,664,920        8,533,335     1.0154

____________________________________________________________________________________________________________________________________


CATEGORY F1 - 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          204               0               0        5,043,774                      5,043,774
   2      R            7          285         636,600         641,807       24,094,001       0.9919        24,290,756
   3      R            7          108       1,137,220       1,109,314       24,407,076       1.0252        23,807,136
   4      R            6           43       2,560,380       2,673,085       24,708,574       0.9578        25,797,217
   5      R            4            9       8,664,920       8,533,335       23,242,670       1.0154        22,890,162

TOTAL                 24          649      12,999,120      12,957,541      101,496,095                    101,829,045       0.9967
____________________________________________________________________________________________________________________________________
                                                        **** END OF REPORT ****