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DATE: 06/23/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                          PAGE: 001
TIME: 08:25:44                                        2004 INDEX CALCULATION REPORT                                     REPT: PTS227
                                                                183 / Panola                                             VRSN: W
____________________________________________________________________________________________________________________________________
                                                            PTD       <--------REPORTED VALUES--------->    INDEX        PTD
LAND CLASS          ISD # / NAME                       $/ACRE - CAD   NO. ACRES         VALUE     $/ACRE    FACTOR  $/ACRE - ISD
____________________________________________________________________________________________________________________________________

IMPROVED PASTURE                                            105.00
                    102-906 / Elysian Fields ISD                            897         103,240   115.09    1.0004       105.04
                    183-901 / Beckville ISD                               4,360         501,590   115.04    1.0000       105.00
                    183-902 / Carthage ISD                               11,275       1,297,120   115.04    1.0000       105.00
                    183-904 / Gary ISD                                      855          98,310   114.98    0.9995       104.95
                                                                      --------- --------------- --------
                              CAD TOTALS:                                17,387       2,000,260   115.04

NATIVE PASTURE                                               88.30
                    102-906 / Elysian Fields ISD                          9,512         751,620    79.02    1.0491        92.64
                    183-901 / Beckville ISD                              21,014       1,576,830    75.04    0.9963        87.97
                    183-902 / Carthage ISD                               91,736       6,883,320    75.03    0.9961        87.96
                    183-904 / Gary ISD                                   12,445         933,830    75.04    0.9963        87.97
                                                                      --------- --------------- --------
                              CAD TOTALS:                               134,707      10,145,600    75.32

SCHOOL DISTRICT ACREAGES AND PRODUCTIVITY VALUE TOTALS INCLUDE LAND RECLASSIFIED TO WILDLIFE MANAGEMENT AND TRANSITION TO TIMBER.
INDEX CALCULATIONS ARE BASED ON REPORTED ISD VALUE PER ACRE DIVIDED BY CAD AVERAGE VALUE PER ACRE.
                                                        **** END OF REPORT ****