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DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 001
TIME: 12:48:24                                   2005 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________


CATEGORY A  - STRATUM   2
$     44,931 - $    136,020

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

OTTS ADDITION, PT LT 29 &   R10326                      S    09/2004        60,000          61,180           60,000     1.0197
POINTVIEW LAKE HOMES LT 3   R10328                      S    03/2005       143,100         130,370          143,100     0.9110
NOB HILL LT 31              R10921                      S    09/2004        86,000          88,930           86,000     1.0341
FLAG CREEK RANCH LT 36  2   R11199                      S    08/2004        65,000          66,020           65,000     1.0157
NOB HILL LT 39              R11375                      S    08/2004        94,000          95,760           94,000     1.0187
RIO LLANO UN 1 LTS 75 & 7   R13608                      S    12/2004        91,000          80,220           91,000     0.8815
NOB HILL LTS 85-87          R14011                      S    06/2004        90,000          93,390           90,000     1.0377
KINGSLAND ESTATES UN 1,PT   R14535                      S    05/2004       125,000         127,780          125,000     1.0222
SUNRISE BEACH UN 2A LTS 6   R14927                      S    04/2004       117,000         121,330          117,000     1.0370
SUNRISE BEACH UN 2A LT 21   R15410                      S    03/2005       110,000         116,290          110,000     1.0572
GRANITE SHOALS LAKE SHORE   R15624                      S    02/2005        76,000          69,160           76,000     0.9100
NOB HILL LTS 144 & 145      R15902                      S    04/2004       135,000         135,950          135,000     1.0070
HIGH VISTA CONDO HORSESHO   R16112                      S    03/2005        90,000          99,220           90,000     1.1024
HIGH VISTA CONDO HORSESHO   R16164                      S    03/2005        58,500          53,370           58,500     0.9123
HIGH VISTA CONDO HORSESHO   R16477                      S    08/2004        60,000          52,980           60,000     0.8830
HIGH VISTA CONDO HORSESHO   R16578                      S    10/2004        53,100          52,980           53,100     0.9977
GRANITE SHOALS LAKE SHORE   R16911                      S    07/2004        59,000          60,690           59,000     1.0286
HOLDEN BLK 88 LTS 3-5       R18136                      S    05/2004        69,500          71,130           69,500     1.0235
SOUTH ADDN BLK 10 N 87 X    R18529                      S    03/2005        55,500          59,900           55,500     1.0793
GRANITE SHOALS LAKE SHORE   R19437                      S    04/2004        73,000          75,310           73,000     1.0316
J C RAGSDALE ABST 614  0.   R22701                      S    07/2004        83,000          82,600           83,000     0.9952
ROYAL OAKS ESTATES UN 5 L   R23037                      S    07/2004        55,000          55,840           55,000     1.0153
ROYAL OAKS ESTATES UN 9 L   R23113                      S    07/2004        52,675          52,520           52,675     0.9971
PORT OF CALL TWNH HORSESH   R24961                      S    12/2004       100,000          94,270          100,000     0.9427
INDIAN HILLS LT 988         R25263                      S    05/2004        47,000          46,950           47,000     0.9989
THE OAKS CONDO HORSESHOE    R25476                      S    05/2004        53,000          59,780           53,000     1.1279
GOLF VILLA CONDO HORSESHO   R26480                      S    06/2004        92,000          80,980           92,000     0.8802
KINGSRIDGE BLK C PT OF LT   R26529                      S    05/2004        82,500          81,540           82,500     0.9884
OAK RIDGE ESTATES UN 3 LT   R26771                      S    03/2005       124,000         123,192          124,000     0.9935
BARLER SUBD BLK 29 S 1/2    R27092                      S    10/2004        71,950          72,010           71,950     1.0008
LAKEWOOD FOREST UN 3 LT 1   R28448                      S    12/2004       135,000         130,910          135,000     0.9697
WOODFOREST RANCHETTES BLK   R29786                      S    09/2004        58,900          55,440           58,900     0.9413
LAKE LBJ VILLAGE BLDG, 40   R30230                      S    11/2004        50,000          53,710           50,000     1.0742
SLICK ROCK TWNHS HORSESHO   R31149                      S    02/2005       125,000         130,590          125,000     1.0447
WESTRIDGE CONDOS HORSESHO   R31460                      S    12/2004       130,000         126,930          130,000     0.9764
WOODEDGE, BLK 1, LT 5       R32223                      S    06/2004       135,000          89,880          135,000     0.6658
KINGSLAND ESTATES UN 3 LT   R32731                      S    04/2004       110,000          97,400          110,000     0.8855
LAKESIDE HEIGHTS UN 3 LTS   R33649                      S    08/2004       108,000         105,040          108,000     0.9726
J C RAGSDALE ABST 614       R34654                      S    06/2004       125,000         126,400          125,000     1.0112
BARLER SUBD BLK 12 LT 9 &   R34950                      S    03/2005       160,000         135,120          160,000     0.8445
WILD ROSE VILLA HORSESHOE   R36051                      S    04/2004        73,350          74,540           73,350     1.0162
KINGSLAND ESTATES UN 2 LT   R36276                      S    12/2004        82,000          79,950           82,000     0.9750
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 002
TIME: 12:48:24                                   2005 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________

CATEGORY A  - STRATUM   2
$     44,931 - $    136,020

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
HIGHLANDS CONDO HORSESHOE   R36381                      S    02/2005       153,000         132,980          153,000     0.8692
MILLER ADDN BLK B2 LT 6     R36692                      S    01/2005        55,000          53,980           55,000     0.9815
MILLER ADDN BLK B2 LT 8     R36708                      S    02/2005        66,000          70,140           66,000     1.0627
J C RAGSDALE ABST 614  0.   R37030                      S    07/2004       122,500         114,940          122,500     0.9383
SOUTH ADDN BLK 27 E 65 FT   R39198                      S    09/2004        49,500          50,510           49,500     1.0204
SUNRISE BEACH UN 1 LT 147   R39507                      S    04/2004        70,000          65,860           70,000     0.9409
THE OAKS CONDO HORSESHOE    R39953                      S    08/2004        51,000          51,975           51,000     1.0191
NORTH ADDN N PT W 1/2 OF    R42018                      S    09/2004        75,000          75,760           75,000     1.0101
BLUE LAKE ESTATES UN 6 PT   R42141                      S    02/2005       130,000         127,660          130,000     0.9820
KINGSWAY SUBD LT 8  1.176   R51156                      S    07/2004        67,900          70,100           67,900     1.0324
PIERCE POINT LTS 9 & 10     R6165                       S    07/2004       115,000         111,460          115,000     0.9692
REVEN ACRES LT 13           R7989                       S    03/2005        96,000         104,100           96,000     1.0844
ROSE HILL LT 13             R7996                       S    05/2004        50,500          46,720           50,500     0.9251
DEER HILLS LT 15            R8157                       S    02/2005        69,000          66,030           69,000     0.9570
HIGHLAND PARK LT 21         R9606                       S    07/2004        78,000          70,290           78,000     0.9012
                                                                                       ___________      ___________     ______
                                                           STRATUM 2 TOTALS              4,880,057        5,012,475     0.9736

____________________________________________________________________________________________________________________________________


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

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

GRANITE SHOALS LAKE ESTAT   R10254                      S    08/2004       245,000         194,070          245,000     0.7921
BRIDGEPOINT SUBD LT 33 &    R11012                      S    10/2004       245,000         225,190          245,000     0.9191
GRANITE SHOALS LAKE SHORE   R11135                      S    04/2004       205,000         184,820          205,000     0.9016
TIMBER LAKE LTS 39 & 40 L   R11383                      S    06/2004       183,500         156,430          183,500     0.8525
THE CROSSING HORSESHOE BA   R12493                      S    09/2004       198,000         185,010          198,000     0.9344
RIO LLANO UN 1 LT 56  5.1   R12716                      S    11/2004       217,000         223,890          217,000     1.0318
TIMBER LAKE LT 68           R13246                      S    05/2004       215,000         196,900          215,000     0.9158
TIMBER LAKE LT 87           R14009                      S    09/2004       156,000         160,070          156,000     1.0261
VILLAS DE LAGO HORSESHOE    R14531                      S    07/2004       132,750         150,962          132,750     1.1372
CENTRAL PARK FRACTION OF    R14546                      S    07/2004       142,500         152,260          142,500     1.0685
KINGSLAND ESTATES UN 1 LT   R14733                      S    07/2004       180,000         178,320          180,000     0.9907
HORSESHOE BAY LT 8085       R17232                      S    05/2004       225,000         230,850          225,000     1.0260
H WEBER ABST 865 0.910 AC   R17339                      S    09/2004       165,000         153,860          165,000     0.9325
J G PFEUFFER ABST 594  0.   R18006                      S    12/2004       154,000         161,290          154,000     1.0473
SHIRLEY WILLIAMS, UN 3, P   R18160                      S    05/2004       168,000         139,910          168,000     0.8328
SUNRISE BEACH UN 6 LT 661   R18164                      S    04/2004       195,000         144,250          195,000     0.7397
SOUTH ADDN BLK 36  100 X    R19455                      S    10/2004       225,000         235,620          225,000     1.0472
HORSESHOE BAY APPLEHEAD W   R20035                      S    06/2004       185,000         187,070          185,000     1.0112
SUNRISE BEACH UN 4 LT 498   R26428                      S    06/2004       260,000         216,620          260,000     0.8332
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 003
TIME: 12:48:24                                   2005 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
_________________            ______________             ___ _________    __________    ___________        _________      _____
SUNRISE BEACH UN 4 LT 527   R27058                      S    05/2004       275,000         234,320          275,000     0.8521
SUNRISE BEACH UN 4 LT 534   R27172                      S    07/2004       255,000         237,160          255,000     0.9300
ROYAL OAKS COUNTRY CLUB U   R28062                      S    12/2004       146,800         150,340          146,800     1.0241
THE LANDING HORSESHOE BAY   R28399                      S    06/2004       193,500         176,680          193,500     0.9131
RIO VISTA UN 3 LT 126  5.   R28437                      S    08/2004       185,000         180,040          185,000     0.9732
THE LANDING HORSESHOE BAY   R28458                      S    12/2004       170,000         167,000          170,000     0.9824
THE LANDING HORSESHOE BAY   R28485                      S    02/2005       170,000         164,870          170,000     0.9698
J C RAGSDALE ABST 614  0.   R29703                      S    10/2004       158,000         163,790          158,000     1.0366
HORSESHOE BAY LT 4003-A     R29888                      S    08/2004       179,000         183,460          179,000     1.0249
HORSESHOE BAY WEST LT W21   R30516                      S    07/2004       153,000         151,340          153,000     0.9892
MILLER ADDN BLK B3 LTS 9-   R31112                      S    11/2004       145,000         142,650          145,000     0.9838
T F CORRY ABST 136  4.403   R31230                      S    11/2004       155,000         141,390          155,000     0.9122
KINGSLAND ESTATES UN 3 LT   R31597                      S    11/2004       170,000         164,770          170,000     0.9692
FRED WOOD UN 2 LT 13        R32092                      S    08/2004       220,000         205,640          220,000     0.9347
HORSESHOE BAY LT 20050      R32760                      S    05/2004       172,500         163,380          172,500     0.9471
RIO VISTA UN 2 LT 90  5.0   R33287                      S    08/2004       140,000         136,060          140,000     0.9719
DEER HAVEN UN 2 LTS 118     R33713                      S    01/2005       180,000         179,100          180,000     0.9950
RIO LLANO UN 2 LT 148  5.   R34157                      S    01/2005       147,000         136,260          147,000     0.9269
ROYAL OAKS COUNTRY CLUB U   R35201                      S    07/2004       179,900         180,210          179,900     1.0017
HORSESHOE BAY LT 15009 LE   R35419                      S    11/2004       224,000         224,970          224,000     1.0043
LAKESIDE HEIGHTS UN 2 AME   R35847                      S    01/2005       165,000         165,340          165,000     1.0021
HORSESHOE BAY LT 44083-1    R36917                      S    09/2004       170,000         167,480          170,000     0.9852
SUNRISE BEACH UN 1 LT 11    R37595                      S    05/2004       230,000         227,480          230,000     0.9890
HORSESHOE BAY LT 10022      R37834                      S    04/2004       210,000         210,270          210,000     1.0013
ROYAL OAKS COUNTRY CLUB L   R38355                      S    11/2004       159,000         166,210          159,000     1.0453
BLUE LAKE ESTATES UN 1 LT   R38550                      S    10/2004       134,900         137,700          134,900     1.0208
ROYAL OAKS COUNTRY CLUB L   R38675                      S    08/2004       140,000         141,230          140,000     1.0088
ROYAL OAKS COUNTRY CLUB L   R38793                      S    11/2004       155,900         148,310          155,900     0.9513
ROYAL OAKS COUNTRY CLUB L   R38909                      S    02/2005       180,000         170,720          180,000     0.9484
ROYAL OAKS COUNTRY CLUB L   R38923                      S    11/2004       184,000         188,900          184,000     1.0266
HORSESHOE BAY WEST LT W10   R41630                      S    08/2004       230,000         236,070          230,000     1.0264
HORSESHOE BAY LT 34055      R41973                      S    04/2004       215,000         206,610          215,000     0.9610
POINTVIEW LAKE HOMES LT 1   R5101                       S    09/2004       183,600         188,900          183,600     1.0289
GRANITE COVE LT 18          R54627                      S    05/2004       205,000         191,330          205,000     0.9333
LAKEWOOD FOREST UN 3 LT 1   R55609                      S    01/2005       145,000         149,150          145,000     1.0286
OAK POINT LT 6              R5806                       S    07/2004       150,000         143,910          150,000     0.9594
LAZY OAKS LT 19 & W PT OF   R8589                       S    02/2005       198,900         183,570          198,900     0.9229
                                                                                       ___________      ___________     ______
                                                           STRATUM 3 TOTALS              9,984,002       10,371,750     0.9626
____________________________________________________________________________________________________________________________________

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

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

LAKESHORE CONDO HS BAY 10   R14466                      S    09/2004       362,500         393,480          362,500     1.0855
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 004
TIME: 12:48:24                                   2005 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
_________________            ______________             ___ _________    __________    ___________        _________      _____
LAKESHORE CONDO HS BAY 10   R14498                      S    03/2005       380,000         402,080          380,000     1.0581
HORSESHOE BAY LT 8037       R16280                      S    08/2004       242,000         250,810          242,000     1.0364
LAKESHORE CONDO HS BAY 20   R17125                      S    01/2005       310,500         285,490          310,500     0.9195
I P PULLUM ABST 580  0.56   R18147                      S    10/2004       259,000         308,180          259,000     1.1899
PECAN CREEK LT 301          R18727                      S    07/2004       383,000         374,720          383,000     0.9784
PECAN CREEK LT 314          R18864                      S    09/2004       300,000         302,800          300,000     1.0093
PECAN CREEK LT 353          R19270                      S    02/2005       272,500         267,610          272,500     0.9821
BLUE LAKE ESTATES UN 5 LT   R19635                      S    04/2004       325,000         310,590          325,000     0.9557
TRANQUILO BAY CONDO HS BA   R20903                      S    02/2005       331,500         339,490          331,500     1.0241
TRANQUILO BAY CONDO HS BA   R20909                      S    02/2005       313,650         281,210          313,650     0.8966
LETCHER BLK 56, LTS 1-3,    R22065                      S    04/2004       330,000         343,730          330,000     1.0416
SANDPIPER LANDING HORSESH   R23769                      S    07/2004       458,000         329,661          428,000     0.7702
LAKESHORE CONDO HORSESHOE   R24343                      S    09/2004       405,000         383,930          405,000     0.9480
INLET COVE HORSESHOE BAY    R24659                      S    08/2004       350,000         257,881          315,000     0.8187
JODY'S LANDING LT 11 0.04   R25697                      S    06/2004       295,000         287,910          295,000     0.9760
SUNRISE BEACH UN 4 LTS 53   R27143                      S    01/2005       370,000         368,720          370,000     0.9965
HORSESHOE BAY LT 9081-A     R27945                      S    09/2004       240,000         280,920          240,000     1.1705
BLUE LAKE ESTATES UN 3 LT   R29246                      S    04/2004       397,500         369,240          397,500     0.9289
WINDSONG TWNH HORSESHOE B   R30063                      S    12/2004       285,000         268,090          285,000     0.9407
SHIRLEY WILLIAMS LT 23 &    R30132                      S    02/2005       255,000         255,700          255,000     1.0027
HORSESHOE BAY LT 25081      R30454                      S    08/2004       320,000         341,500          320,000     1.0672
OAK RIDGE ESTATES UN 2 PT   R31883                      S    08/2004       210,000         242,130          210,000     1.1530
KINGSLAND ESTATES UN 3 LT   R33101                      S    09/2004       240,000         253,480          240,000     1.0562
SHELTERED HARBOR CONDO HO   R33711                      S    06/2004       245,000         242,890          245,000     0.9914
SHELTERED HARBOR CONDO HO   R33726                      S    07/2004       235,350         241,510          235,350     1.0262
HORSESHOE BAY WEST LT W30   R35353                      S    01/2005       265,000         276,090          265,000     1.0418
WINDSONG TWNH HORSESHOE B   R35615                      S    02/2005       315,000         279,690          315,000     0.8879
HORSESHOE BAY LT 23027      R36538                      S    08/2004       280,000         278,240          280,000     0.9937
HORSESHOE BAY LT 10016      R37702                      S    07/2004       285,000         287,410          285,000     1.0085
HORSESHOE BAY LT 10072      R38460                      S    07/2004       262,500         265,890          262,500     1.0129
SHORELINE CONDO HORSESHOE   R38775                      S    07/2004       278,100         255,070          278,100     0.9172
HORSESHOE BAY LT 23231      R38797                      S    01/2005       275,000         274,930          275,000     0.9997
SHORELINE CONDO HORSESHOE   R38800                      S    07/2004       297,000         253,640          297,000     0.8540
SUNRISE BEACH UN 2B LT 43   R41271                      S    09/2004       274,000         267,320          274,000     0.9756
HORSESHOE BAY LT 23118-B    R50082                      S    03/2005       260,000         250,925          260,000     0.9651
CRESTWOOD LTS 1 & 2         R5031                       S    07/2004       420,000         360,770          420,000     0.8590
GRANITE SHOALS ESTATES LT   R53245                      S    04/2004       250,000         267,330          250,000     1.0693
LEGEND HILLS LT 18  2.877   R53491                      S    10/2004       250,000         240,700          250,000     0.9628
HORSESHOE BAY WEST LT W80   R54075                      S    05/2004       265,000         290,250          265,000     1.0953
EVERETT ACRES LT 4          R5471                       S    08/2004       280,000         238,050          280,000     0.8502
HOFFMAN SUBD LT 4 & E 1/2   R5488                       S    10/2004       380,000         372,440          380,000     0.9801
GLENN COVE POINT SUBD LT    R55514                      S    09/2004       299,000         263,960          299,000     0.8828
GRANITE SHOALS LAKE EST P   R5605                       S    11/2004       380,000         330,120          380,000     0.8687
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 005
TIME: 12:48:24                                   2005 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
_________________            ______________             ___ _________    __________    ___________        _________      _____
LOMA LINDA LT 5             R5629                       S    12/2004       299,000         289,950          299,000     0.9697
BRIDGEPOINT SUBD  W 1/2 O   R7696                       S    07/2004       385,000         389,700          385,000     1.0122
KINGSLAND ESTATES UN 1 W    R7823                       S    06/2004       260,000         280,220          260,000     1.0778
LULA HAYWOOD LT 22          R9722                       S    05/2004       340,000         280,810          340,000     0.8259
                                                                                       ___________      ___________     ______
                                                           STRATUM 4 TOTALS             14,277,257       14,650,100     0.9746

____________________________________________________________________________________________________________________________________

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

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

HORSESHOE BAY APPLEHEAD I   R11256                      S    06/2004       930,000         935,210          955,208     0.9791
LULA HAYWOOD W 1/2 OF LT    R11374                      S    06/2004       639,900         600,375          657,244     0.9135
LULA HAYWOOD LTS 45 & 46    R12027                      S    07/2004       565,000         560,260          577,958     0.9694
HORSESHOE BAY APPLEHEAD I   R13552                      S    09/2004       780,000         772,730          791,384     0.9764
HORSESHOE BAY APPLEHEAD I   R15200                      S    05/2004     2,150,000       2,164,670        2,217,241     0.9763
OAK RIDGE ESTATES UN 1 LT   R18760                      S    11/2004       502,000         470,410          505,140     0.9312
HORSESHOE BAY WEST LT W28   R21288                      S    02/2005       975,000         928,120          968,901     0.9579
SUNRISE BEACH UN 5 LTS 63   R23038                      S    03/2005       450,000         424,060          445,309     0.9523
HORSESHOE BAY APPLEHEAD I   R24088                      S    06/2004       778,500         831,360          799,601     1.0397
BAY ROCK TOWNHOMES UN 350   R24228                      S    10/2004       625,000         623,950          631,516     0.9880
ISLAND POINT TWNH HORSESH   R24314                      S    07/2004       517,500         540,320          529,369     1.0207
HORSESHOE BAY LT 35011-B    R24326                      S    05/2004       778,500         772,150          802,848     0.9618
HORSESHOE BAY LT 9055-A     R27640                      S    05/2004       490,000         479,990          505,325     0.9499
SUNRISE BEACH UN 3 LTS 36   R30677                      S    04/2004       396,000         428,420          410,036     1.0448
HORSESHOE BAY LT 12018      R30940                      S    03/2005       925,000         928,900          915,357     1.0148
HORSESHOE BAY LT 12045      R31132                      S    09/2004       927,000         907,640          940,530     0.9650
HORSESHOE BAY LT 12050      R31163                      S    06/2004       555,350         537,010          570,403     0.9415
HORSESHOE BAY LT 12051      R31169                      S    04/2004       670,000         681,330          693,748     0.9821
HORSESHOE BAY WEST LT W29   R31561                      S    11/2004       875,000         849,270          880,473     0.9646
HORSESHOE BAY WEST LT W29   R31571                      S    02/2005       800,000         780,760          794,996     0.9821
HORSESHOE BAY LT 15017-A    R35487                      S    09/2004     1,395,000       1,357,090        1,415,360     0.9588
HORSESHOE BAY LT 15038-A    R35654                      S    05/2004       540,000         493,800          556,889     0.8867
BLUE LAKE ESTATES UN 1 LT   R37450                      S    05/2004       675,000         655,070          696,111     0.9410
HORSESHOE BAY LT 10071      R38452                      S    12/2004       450,000         435,620          450,938     0.9660
HORSESHOE BAY LT 31096      R38640                      S    02/2005       940,000         919,790          934,120     0.9847
HORSESHOE BAY LT 31098  3   R38665                      S    10/2004     1,100,000       1,014,600        1,111,468     0.9128
HORSESHOE BAY LT 31109-B    R38795                      S    03/2005       995,000         980,680          984,627     0.9960
HORSESHOE BAY WEST LT W30   R42373                      S    05/2004       662,000         657,960          682,704     0.9638
OAK RIDGE ESTATES LT 5-R-   R42446                      S    03/2005       588,000         552,690          581,870     0.9499
HORSESHOE BAY LT 15044-B    R52427                      S    06/2004       900,000         896,330          924,395     0.9696
HORSESHOE BAY LT 15044-D    R52429                      S    10/2004       914,000         896,330          923,528     0.9705
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 006
TIME: 12:48:24                                   2005 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
_________________            ______________             ___ _________    __________    ___________        _________      _____
TRAILS END LT 15-A          R53409                      S    02/2005       629,000         593,540          625,066     0.9496
HORSESHOE BAY APPLEHEAD I   R7855                       S    09/2004       900,000         927,530          913,136     1.0158
EVERETT ACRES TR 1 LT 12    R7930                       S    07/2004       479,000         597,680          489,986     1.2198
                                                                                       ___________      ___________     ______
                                                           STRATUM 5 TOTALS             26,195,645       26,882,785     0.9744

____________________________________________________________________________________________________________________________________


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        2,318               0               0       72,861,505                     72,861,505
   2      R           57        3,422       4,880,057       5,012,475      345,830,672       0.9736       355,208,168
   3      R           56        1,540       9,984,002      10,371,750      345,935,539       0.9626       359,376,209
   4      R           48          921      14,277,257      14,650,100      345,984,224       0.9746       355,001,256
   5      R           34          444      26,195,645      26,882,785      345,547,675       0.9744       354,626,103

TOTAL                195        8,645      55,336,961      56,917,110    1,456,159,615                  1,497,073,241       0.9727
____________________________________________________________________________________________________________________________________
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 007
TIME: 12:48:24                                   2005 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
_________________            ______________             ___ _________    __________    ___________        _________      _____
P JUNG ABST 433  0.520 AC   R11554                      S    02/2005        10,000          10,000           10,000     1.0000
MOUNTAIN VIEW ESTATES LT    R11896                      S    01/2005        14,000          14,820           14,000     1.0586
VALLEY RANCH LT 45  4.510   R12037                      S    07/2004        11,500          12,010           11,500     1.0443
HORSESHOE BAY LT 29028      R15817                      S    02/2005         5,000           5,000            5,000     1.0000
TOW VILLAGE LT 146 & 147    R15961, R15982              S    12/2004         3,707           4,090            3,707     1.1033
GRANITE SHOALS LAKE ESTAT   R15974                      S    12/2004         5,000           6,000            5,000     1.2000
HORSESHOE BAY WEST LT W40   R17947                      S    09/2004         5,000           5,500            5,000     1.1000
GRANITE SHOALS LAKE ESTAT   R18309                      S    06/2004         6,000           6,000            6,000     1.0000
GRANITE SHOALS LAKE ESTAT   R18405, R18418              S    06/2004         9,000          12,000            9,000     1.3333
BLUE LAKE ESTATES, UN 5,    R19835                      S    07/2004         7,500           6,500            7,500     0.8667
HORSESHOE BAY APPLEHEAD W   R20025                      S    11/2004         8,000          10,000            8,000     1.2500
HORSESHOE BAY, LT 24096     R20397                      S    11/2004        18,000          14,000           18,000     0.7778
HORSESHOE BAY WEST LT W70   R21682                      S    03/2005        17,500          15,000           17,500     0.8571
HORSESHOE BAY WEST LT W28   R22206                      S    11/2004        15,000          15,000           15,000     1.0000
HORSESHOE BAY, LT 48008     R23039                      S    08/2004        23,000          10,000           23,000     0.4348
HORSESHOE BAY WEST LT W20   R24556                      S    03/2005         6,000           5,500            6,000     0.9167
HORSESHOE BAY WEST, LT W2   R25107                      S    12/2004        20,300          11,000           20,300     0.5419
HORSESHOE BAY APPLEHEAD W   R25718                      S    11/2004         9,000          10,000            9,000     1.1111
HORSESHOE BAY LT 1076       R26137                      S    02/2005         7,000           7,500            7,000     1.0714
HORSESHOE BAY WEST LT W18   R27115                      S    02/2005        13,000          12,500           13,000     0.9615
SUNRISE BEACH UN 4 LT 612   R28171                      S    05/2004         4,000           4,000            4,000     1.0000
HORSESHOE BAY LT 4115       R30786                      S    12/2004         9,000           9,000            9,000     1.0000
ROYAL OAKS COUNTRY CLUB U   R34106                      S    05/2004         6,000           5,500            6,000     0.9167
BLUE LAKE ESTATES UN 2 LT   R34153                      S    11/2004         6,000           6,500            6,000     1.0833
BLUE LAKE ESTATES UN 2 LT   R34165                      S    09/2004         6,500           6,500            6,500     1.0000
HORSESHOE BAY WEST LT W30   R35484                      S    09/2004         8,000           9,500            8,000     1.1875
HORSESHOE BAY WEST, LT W3   R35834                      S    05/2004         4,900           9,500            4,900     1.9388
ROYAL OAKS COUNTRY CLUB L   R38286                      S    05/2004        10,500          12,600           10,500     1.2000
HORSESHOE BAY LT 10084      R38599                      S    08/2004        18,000          15,000           18,000     0.8333
HORSESHOE BAY WEST LT W27   R38774                      S    05/2004        11,000          11,500           11,000     1.0455
HORSESHOE BAY LT 18085      R40043                      S    12/2004         4,900           5,000            4,900     1.0204
HORSESHOE BAY LT 5026       R40714                      S    05/2004        12,000          11,700           12,000     0.9750
HORSESHOE BAY, LT 47087     R41035                      S    06/2004        13,900           8,500           13,900     0.6115
HORSESHOE BAY WEST, LT W2   R41625                      S    11/2004        15,000          10,000           15,000     0.6667
HORSESHOE BAY WEST LT W10   R41667                      S    03/2005         8,900           9,500            8,900     1.0674
HORSESHOE BAY LT 34041      R41819                      S    12/2004        12,000          12,000           12,000     1.0000
SUNRISE BEACH UN 2B LT 52   R42098                      S    01/2005         6,250           5,120            6,250     0.8192
HORSESHOE BAY WEST LT W30   R42339                      S    02/2005        12,000          10,000           12,000     0.8333
RIVER VIEW SE PT OF LT 41   R55567                      S    10/2004         4,000           4,680            4,000     1.1700
QUAIL CREEK TR 15           R8198                       S    07/2004         5,200           4,900            5,200     0.9423
MILLER ADDN BLK B6 LTS 1-   R8464                       S    12/2004        12,000          11,600           12,000     0.9667
RIVER VIEW LT 24  1.000 A   R9906                       S    01/2005        12,500          10,970           12,500     0.8776
                                                                                       ___________      ___________     ______
                                                           STRATUM 2 TOTALS                385,990          416,057     0.9277

____________________________________________________________________________________________________________________________________


DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 008
TIME: 12:48:24                                   2005 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
_________________            ______________             ___ _________    __________    ___________        _________      _____

BRIDGEPOINT SUBD LT 26      R10047                      S    07/2004        30,000          30,520           30,000     1.0173
RIO VISTA UN 1 LT 45  5.9   R12032                      S    11/2004        28,000          28,410           28,000     1.0146
SUNRISE BEACH MTN TR WW-3   R13632                      S    05/2004        24,000          29,170           24,000     1.2154
GRANITE SHOALS LAKE ESTAT   R14901                      S    01/2005        30,000          35,000           30,000     1.1667
GRANITE SHOALS LAKE ESTAT   R15400                      S    06/2004        30,000          31,500           30,000     1.0500
GRANITE SHOALS LAKE ESTAT   R15734                      S    10/2004        27,500          27,300           27,500     0.9927
HORSESHOE BAY WEST LT W25   R17593                      S    11/2004        29,500          30,000           29,500     1.0169
HORSESHOE BAY WEST LT W40   R18397                      S    05/2004        34,500          34,500           34,500     1.0000
HORSESHOE BAY WEST LT W40   R18412                      S    05/2004        28,000          28,000           28,000     1.0000
SUNRISE BEACH UN 6 LT 718   R18896, R5120               S    02/2005        22,500          20,930           22,500     0.9302
HORSESHOE BAY APPLEHEAD W   R19645                      S    11/2004        22,500          20,000           22,500     0.8889
J G PFEUFFER ABST 594  0.   R22101                      S    08/2004        30,000          38,810           30,000     1.2937
HORSESHOE BAY LT 19083      R22626                      S    10/2004        16,000          18,000           16,000     1.1250
RIO VISTA UN 4 LT 170  5.   R23476                      S    09/2004        23,823          25,210           23,823     1.0582
RIO LLANO UN 4 LT 308  5.   R24664                      S    11/2004        17,000          19,320           17,000     1.1365
HORSESHOE BAY WEST LT W34   R29358                      S    05/2004        35,000          35,000           35,000     1.0000
HORSESHOE BAY LT 12011      R30900                      S    12/2004        25,000          30,000           25,000     1.2000
KINGSLAND ESTATES UN 3 LT   R32944                      S    07/2004        25,000          27,350           25,000     1.0940
HORSESHOE BAY WEST, LT W1   R33462                      S    08/2004        25,400          20,000           25,400     0.7874
HORSESHOE BAY LT 7020       R34182                      S    04/2004        18,500          19,130           18,500     1.0341
HORSESHOE BAY WEST, LT W1   R37813                      S    11/2004        22,500          20,000           22,500     0.8889
HORSESHOE BAY LT 10034      R38003                      S    02/2005        22,500          22,000           22,500     0.9778
ROYAL OAKS COUNTRY CLUB L   R38308                      S    09/2004        20,500          18,000           20,500     0.8780
ROYAL OAKS COUNTRY CLUB L   R39414                      S    05/2004        17,000          18,000           17,000     1.0588
ROYAL OAKS COUNTRY CLUB L   R39427, R39440              S    04/2004        34,000          35,100           34,000     1.0324
ROYAL OAKS COUNTRY CLUB L   R39772                      S    06/2004        21,500          18,000           21,500     0.8372
ROYAL OAKS COUNTRY CLUB L   R39789                      S    05/2004        20,500          18,000           20,500     0.8780
HORSESHOE BAY LT 18164      R40780                      S    06/2004        36,000          36,000           36,000     1.0000
HORSESHOE BAY LT 18165      R40787                      S    06/2004        28,000          28,000           28,000     1.0000
HORSESHOE BAY WEST LT W10   R41955                      S    11/2004        37,000          30,000           37,000     0.8108
BRIDGEPOINT SUBD UN 3 LT    R51637                      S    07/2004        27,500          26,560           27,500     0.9658
LEGEND HILLS LT 8  3.916    R53481                      S    04/2004        29,000          36,810           29,000     1.2693
TOW VILLAGE LTS 28-29 & 0   R55453                      S    05/2004        59,900          32,660           59,900     0.5452
VALLEY RANCH LT 7  5.000    R5958                       S    11/2004        12,000          17,200           12,000     1.4333
WILD OAK ACRES LT 17  3.5   R8442, R8530                S    05/2004        28,000          28,000           28,000     1.0000
FLAG CREEK RANCH LT 19B     R8624                       S    08/2004        16,800          16,580           16,800     0.9869
                                                                                       ___________      ___________     ______
                                                           STRATUM 3 TOTALS                949,060          954,923     0.9939
____________________________________________________________________________________________________________________________________

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 APPLEHEAD W   R15533                      S    03/2005        85,000          85,000           85,000     1.0000
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 009
TIME: 12:48:24                                   2005 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 APPLEHEAD W   R16524                      S    09/2004       175,000         107,730          175,000     0.6156
GRANITE SHOALS LAKE ESTAT   R17217, R17238              S    09/2004        73,500          75,000           73,500     1.0204
HORSESHOE BAY LT 24036      R19790, R19827              S    07/2004        65,000          64,040           65,000     0.9852
HORSESHOE BAY LT 19113      R22945, R22957, R22968      S    03/2005        48,000          45,000           48,000     0.9375
HORSESHOE BAY APPLEHEAD W   R23399                      S    05/2004        60,000          60,000           60,000     1.0000
HORSESHOE BAY WEST LT W31   R24947                      S    08/2004        85,000          85,000           85,000     1.0000
JODY'S LANDING LT 10        R25685                      S    07/2004       125,000         123,450          125,000     0.9876
HORSESHOE BAY WEST LT W34   R29385, R29373              S    10/2004        85,000          85,000           85,000     1.0000
RIO LLANO UN 2 LT 154  5.   R34238                      S    03/2005        80,000          82,750           80,000     1.0344
RIO LLANO UN 2  LT 156  5   R34266, R55591              S    03/2005        85,000          82,260           85,000     0.9678
HORSESHOE BAY LT 23026      R36528                      S    09/2004        60,000          60,000           60,000     1.0000
HORSESHOE BAY LT 23201      R38447                      S    06/2004        57,918          60,000           57,918     1.0359
HORSESHOE BAY WEST LT W27   R38655, R38669              S    06/2004       102,000         100,200          102,000     0.9824
HORSESHOE BAY WEST, LT W2   R38966                      S    08/2004        49,500          49,500           49,500     1.0000
HORSESHOE BAY LT 13025-A    R52434                      S    06/2004        50,000          55,000           50,000     1.1000
HORSESHOE BAY WEST, LT W2   R52443                      S    05/2004       175,000         122,400          175,000     0.6994
HORSESHOE BAY WEST, LT W2   R52445                      S    05/2004       175,000         122,400          175,000     0.6994
TRAILS END LT 3-A  0.170    R53397                      S    10/2004        75,000          74,830           75,000     0.9977
HERON COVE CONDO HORSESHO   R5491                       S    06/2004       120,000         118,800          120,000     0.9900
SIENA CREEK PHASE ONE LT    R54997                      S    12/2004       121,500         121,160          121,500     0.9972
POINT TELLA LT 19           R8593                       S    01/2005        71,900          67,850           71,900     0.9437
                                                                                       ___________      ___________     ______
                                                           STRATUM 4 TOTALS              1,847,370        2,024,318     0.9126

____________________________________________________________________________________________________________________________________

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   R10062                      S    03/2005       290,000         218,100          290,000     0.7521
HORSESHOE BAY APPLEHEAD I   R11026                      S    04/2004       277,500         266,160          277,500     0.9591
HORSESHOE BAY APPLEHEAD I   R12723                      S    10/2004       352,500         378,900          352,500     1.0749
HORSESHOE BAY APPLEHEAD I   R15361                      S    03/2005       329,000         267,240          329,000     0.8123
HORSESHOE BAY APPLEHEAD I   R15643                      S    01/2005       520,000         356,220          520,000     0.6850
HORSESHOE BAY LT 17008      R28598                      S    10/2004       185,000         198,000          185,000     1.0703
HORSESHOE BAY WEST LT W34   R29257                      S    11/2004       250,000         247,500          250,000     0.9900
SUNRISE BEACH UN 3 LT 371   R30753                      S    03/2005       200,000         205,430          200,000     1.0272
HORSESHOE BBAY, LT 12038-   R31071                      S    08/2004       495,000         320,000          495,000     0.6465
HORSESHOE BAY WEST LT W29   R31736                      S    01/2005       259,000         251,680          259,000     0.9717
HORSESHOE BAY LT 36004      R35264                      S    04/2004       305,000         297,000          305,000     0.9738
HORSESHOE BAY, LT 15020     R35512                      S    09/2004       550,000         328,900          550,000     0.5980
HORSESHOE BAY APPLEHEAD I   R51626                      S    06/2004       177,000         191,640          177,000     1.0827
HORSESHOE BAY APPLEHEAD I   R51735                      S    05/2004       410,000         406,320          410,000     0.9910
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 010
TIME: 12:48:24                                   2005 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________


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

LEGAL DESCRIPTION            ACCOUNT NUMBER             S/A SALE DATE    SALE PRICE    LOCAL VALUE        PTD VALUE      RATIO
_________________            ______________             ___ _________    __________    ___________        _________      _____
APPLEHEAD ISLAND  LT 103-   R52307                      S    02/2005       350,000         416,670          350,000     1.1905
WATER RIDGE SUBD SEC 1 BL   R55980                      S    02/2005       159,900         159,900          159,900     1.0000
                                                                                       ___________      ___________     ______
                                                           STRATUM 5 TOTALS              4,509,660        5,109,900     0.8825

____________________________________________________________________________________________________________________________________


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        8,672,178                      8,672,178
   2      R           42        4,296         385,990         416,057       41,077,533       0.9277        44,278,897
   3      R           36        1,447         949,060         954,923       41,362,963       0.9939        41,616,826
   4      R           22          558       1,847,370       2,024,318       40,950,151       0.9126        44,871,960
   5      R           16          136       4,509,660       5,109,900       40,872,570       0.8825        46,314,527

TOTAL                116       11,974       7,692,080       8,505,198      172,935,395                    185,754,388       0.9310
____________________________________________________________________________________________________________________________________
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 011
TIME: 12:48:24                                   2005 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
_________________            ______________             ___ _________    __________    ___________        _________      _____
J HESSELGESSER ABST 375     R10038, R8251               S    12/2004       137,500         135,970          137,500     0.9889
A SCHLUTER ABST 684  0.50   R10847, R10603              S    11/2004       250,000         251,830          250,000     1.0073
H & T C RR CO ABST 405  4   R10856, R14381, R56120, R   S    02/2005       318,000         312,210          318,000     0.9818
RIO LLANO UN 1 PART OF LT   R11328, R51665              S    05/2004       145,000         144,700          145,000     0.9979
A ANGLIN ABST 3  9.64 AC    R11439, R12248              S    01/2005       128,000         128,720          128,000     1.0056
T G MCGEHEE ABST 499  403   R13343, R55605              S    01/2005     1,000,000         822,510        1,000,000     0.8225
J KOEPFF ABST 469  342.11   R14379, R14103              S    01/2005     1,060,541         786,520        1,060,541     0.7416
E BETTS ABST 31  454.300    R16312                      S    05/2004       885,300         911,600          885,300     1.0297
T F CORRY ABST 136  27.55   R16730                      S    12/2004       103,343          98,380          103,343     0.9520
J C RAGSDALE ABST 614  21   R24851, R24855              S    02/2005       315,000         311,940          315,000     0.9903
SCOTT ACRES UN 2 LT 1  1.   R31660                      S    01/2005        26,000          24,880           26,000     0.9569
SCOTT ACRES UN 2 LT 3  1.   R31743                      S    02/2005        20,000          21,880           20,000     1.0940
DEER COUNTRY PHASE 2 PT L   R32272, R32324, R54598      S    11/2004        92,000          93,430           92,000     1.0155
SCOTT ACRES UN 2 LT 23  1   R32382                      S    12/2004        26,000          22,120           26,000     0.8508
DELTA ACRES UN 2 PT LT 62   R32908, R32922              S    04/2004       115,000         115,600          115,000     1.0052
L I & F BLK 73 ALL OF LTS   R42341, R21181, R27454, R   S    05/2004        27,000          26,690           27,000     0.9885
ROCKY HILLS TR 2  26.90 A   R51185                      S    02/2005        85,000          92,540           85,000     1.0887
L SAILER ABST 707  40.600   R53036                      S    04/2004       138,000         133,170          138,000     0.9650
LLANO CROSSING TRACT 1  1   R53380                      S    12/2004       132,000         132,620          132,000     1.0047
LLANO CROSSING TRACT 8  1   R53387                      S    10/2004       138,960         142,050          138,960     1.0222
LLANO CROSSING TRACT 9  1   R53388                      S    08/2004       166,535         161,280          166,535     0.9684
LLANO CROSSING TRACT 11     R53390                      S    07/2004       175,500         180,600          175,500     1.0291
P T HALL ABST 1524  317.5   R54306, R54082, R10745, R   S    12/2004       980,000         858,210          980,000     0.8757
M HINDS ABST 365  189.44    R54673--R54677              S    04/2004       570,000         460,330          570,000     0.8076
HOUSE MOUNTAIN RANCH TRAC   R54886                      S    09/2004        46,000          45,880           46,000     0.9974
HOUSE MOUNTAIN RANCH TRAC   R54887                      S    07/2004        48,000          47,660           48,000     0.9929
G BADER ABST 59  0.500 AC   R55086, R55070              S    11/2004       225,000         197,190          225,000     0.8764
W RICHARDSON ABST 612  0.   R55129, R56119              S    03/2005       166,250         129,700          166,250     0.7802
L SAILER ABST 707  27.040   R55223                      S    04/2004        94,640          93,020           94,640     0.9829
R BYRNE ABST 32  40.000 A   R55440                      S    06/2004       152,000         131,600          152,000     0.8658
J C RAGSDALE ABST 614  12   R55497, R55602              S    07/2004       342,636         380,010          342,636     1.1091
FISHER & MILLER ABST 244    R55500                      S    07/2004       235,000         237,710          235,000     1.0115
J C RAGSDALE ABST 614  28   R55513, R56081              S    09/2004       109,920         105,940          109,920     0.9638
H & G N RR CO ABST 394  6   R55575                      S    11/2004       222,295         219,550          222,295     0.9877
J C RAGSDALE ABST 614  18   R56019                      S    01/2005        84,000          75,370           84,000     0.8973
R BYRNE ABST 32  65.897 A   R5693, R55460, R51998       S    05/2004       250,000         227,960          250,000     0.9118
S D HURST ABST 372  292.2   R5702, R55528-R55529, R55   S    07/2004       807,322         627,170          807,322     0.7769
L SAILER ABST 708  221.14   R6888, R51814, R6887,       S    05/2004       663,420         609,970          663,420     0.9194
N MUNN ABST 513  389.811    R8994, 10703, 9269, 7094,   S    05/2004       785,000         924,650          785,000     1.1779
J ROSKY ABST 643  652.01    R9061, R7801                S    04/2004     1,172,500       1,204,770        1,172,500     1.0275
                                                                                       ___________      ___________     ______
                                                           STRATUM 0 TOTALS             11,627,930       12,438,662     0.9348

____________________________________________________________________________________________________________________________________


DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 012
TIME: 12:48:24                                   2005 FIELD STUDIES CATEGORY WORKSHEET                                  REPT: PTS236
                                                          150/Llano                                                     VRSN: W
                                                        150-901/Llano ISD

____________________________________________________________________________________________________________________________________

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           40        6,903      11,627,930      12,438,662      107,835,833       0.9348       115,357,117

TOTAL                 40        6,903      11,627,930      12,438,662      107,835,833                    115,357,117       0.9348
____________________________________________________________________________________________________________________________________
DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 013
TIME: 12:48:24                                   2005 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
_________________            ______________             ___ _________    __________    ___________        _________      _____
M PUTMAN AB #587, .283 AC   R15150                      S    02/2004        80,000          69,640           80,000     0.8705
SOUTH ADDN, BLK 19, PT LT   R25110                      S    04/2004        69,000          77,300           69,000     1.1203
GRANITE, BLK X, LT 20, 21   R28406                      S    03/2005        72,500          79,640           72,500     1.0985
L I & F, BLK 112, LT 14-1   R29025                      S    04/2004        50,000          49,990           50,000     0.9998
L I & F, BLK 111, LT 12,    R34564                      S    03/2004        60,000          60,900           60,000     1.0150
SUNRISE BEACH, UN 2C, LT    R51432                      S    06/2004        82,500          94,160           82,500     1.1413
HORSESHOE BAY, LT C21010    R5191                       S    06/2004       145,000         103,730          145,000     0.7154
                                                                                       ___________      ___________     ______
                                                           STRATUM 2 TOTALS                535,360          559,000     0.9577

____________________________________________________________________________________________________________________________________


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

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

W ECKELS AB #190, 1.4 AC    R14084, R14363, R16733      S    10/2004       130,000         139,980          130,000     1.0768
L I & F, BLK 54, LT 1-2 &   R32562                      S    09/2004       120,000         140,400          120,000     1.1700
SOUTH ADDN, BLK 16, W 1/2   R41089                      S    03/2005       175,000         154,060          175,000     0.8803
SOUTH ADDN, BLK 16, PT LT   R41105                      S    09/2004       144,500         142,880          144,500     0.9888
SOUTH ADDN BLK 21, LT 28    R42214                      A                                  161,370          181,505     0.8891
HIGHLAND PARK S PT  OF LT   R5052, R51415               S    09/2004       184,500         174,050          184,500     0.9434
DEER HILLS, LT 13           R7946                       S    02/2004       158,245         166,650          158,245     1.0531
                                                                                       ___________      ___________     ______
                                                           STRATUM 3 TOTALS              1,079,390        1,093,750     0.9869
____________________________________________________________________________________________________________________________________

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

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

HORSESHOE BAY, LTS 19130,   R23150                      A                                  453,320          507,335     0.8935
NORTH ADDN W 1/2 BLK 15     R25512                      A                                  380,050          528,803     0.7187
I P PULLUM, AB #580 PT OF   R34217                      S    11/2004       450,000         467,520          450,000     1.0389
L I & F, BLK P, LTS 1-9     R36087                      A                                  536,940          565,086     0.9502
L I & FBLK P LTS 1-9, 18-   R5962                       A                                  816,080          984,401     0.8290
SUNRISE BEACH, TR Z         R6290                       S    01/2004       933,000         872,090          933,000     0.9347
                                                                                       ___________      ___________     ______
                                                           STRATUM 4 TOTALS              3,526,000        3,968,625     0.8885

____________________________________________________________________________________________________________________________________

DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE: 014
TIME: 12:48:24                                   2005 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        2,478,905     1.0639
N MENDEZ AB #506 170.0 AC   R17537                      A                                2,743,990        3,500,619     0.7839
CENTRAL PARK, BLK 7         R33473                      A                                1,083,090        1,130,708     0.9579
THE VILLAGE AT KINGSLAND,   R5130                       A                                2,924,200        2,629,012     1.1123
                                                                                       ___________      ___________     ______
                                                           STRATUM 5 TOTALS              9,388,600        9,739,244     0.9640

____________________________________________________________________________________________________________________________________


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        6,156,812                      6,156,812
   2      R            7          285         535,360         559,000       29,410,960       0.9577        30,709,993
   3      R            7          108       1,079,390       1,093,750       29,793,122       0.9869        30,188,593
   4      R            6           43       3,526,000       3,968,625       30,161,154       0.8885        33,946,150
   5      R            4            9       9,388,600       9,739,244       28,371,760       0.9640        29,431,286

TOTAL                 24          649      14,529,350      15,360,619      123,893,808                    130,432,834       0.9499
____________________________________________________________________________________________________________________________________
                                                        **** END OF REPORT ****