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DATE:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     17:30                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           037  Cherokee

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                     NUMBER OF        2003 CAD REPT   MED LEV   COEFFICIENT     % RATIOS W/IN        % RATIOS W/IN     PRICE-RELATED
    CATEGORY         RATIOS **       APPRAISED VALUE  OF APPR  OF DISPERSION  (+/-)10% OF MEDIAN   (+/-)25% OF MEDIAN   DIFFERENTIAL
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A.  SINGLE-FAMILY       227             $533,281,472     .98        9.38             70.48                90.75             1.02
    RESIDENCES

B.  MULTI-FAMILY          0              $14,680,850     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0              $36,962,630     *           *                 *                    *                *

D.  RURAL REAL          112             $839,228,565     .96       19.93             40.18                74.11             1.01

F1. COMMERCIAL REAL      62             $113,559,850     .98        9.05             80.65                91.94             1.01

F2. INDUSTRIAL REAL       0              $51,270,900     *           *                 *                    *                *

G.  OIL, GAS,            36              $89,223,713    1.00        2.19            100.00               100.00             1.00
    MINERALS

J.  UTILITIES            28              $95,911,980     .98        9.18             78.57                96.43              .98

L1. COMMERCIAL           33              $71,222,320     .99        3.59             90.91               100.00              .99
    PERSONAL

L2. INDUSTRIAL            0              $84,272,930     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0              $10,183,730     *           *                 *                    *                *

O.  RESIDENTIAL           0               $3,945,980     *           *                 *                    *                *
    INVENTORY

S.  SPECIAL               0                       $0     *           *                 *                    *                *
    INVENTORY

    TOTALS:             498           $1,943,744,920     .98       10.82             68.47                88.55              .98


*   NOT CALCULATED - NEED A MINIMUM OF 5 RATIOS FROM EITHER (A) CATEGORIES REPRESENTING AT LEAST 25% OF TOTAL
                     CAD CATEGORY VALUE OR (B) 5 ISDS OR HALF THE ISDS IN THE CAD, WHICHEVER IS LESS

**  STATISTICAL MEASURES MAY NOT BE RELIABLE WHEN THE SAMPLE IS SMALL