School and Appraisal Districts' Property Value Study 2003 Final Report

DATE: 6/27/2004 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 11 TIME: 18:22 2003 PROPERTY VALUE STUDY RPT: VAL7018 FIELD STUDIES CATEGORY WORKSHEET 075 Fayette 075-906 Fayetteville CATEGORY A: SINGLE-FAMILY RESIDENCES ------------------------------------------------------------------------------------------------------------------------------------ LEGAL APPRAISAL ROLL S SALE SALE CAD ADJ IND DESCRIPTION ACCOUNT NUMBER C DATE PRICE APPR VAL SALE PRICE RATIO ------------------------------------------------------------------------------------------------------------------------------------ A022 BROWN S P LG, ACRES 1.770 R22478 C 10/02 77,000 69,330 77,000 .9000 A078 PEEBLES R LG, TRACT 8, AC R23192 C 9/02 199,500 171,060 199,500 .8600 A098 THOMPSON A LG, ACRES 2.49 R23264 C 1/03 115,000 92,900 115,000 .8078 CITY OF FAYETTEVILLE (390), BL R23850 Y 6/02 100,000 110,770 100,000 1.1100 CITY OF FAYETTEVILLE (390), BL R23963 C 9/02 114,000 101,410 114,000 .8900 CITY OF FAYETTEVILLE (390), BL R24023 Y 11/02 148,000 121,020 148,000 .8200 CITY OF FAYETTEVILLE (390), BL R24068 C 11/02 86,500 61,880 86,500 .7200 A137 BARRIER J G , ACRES 0.700 R52170 Y 5/02 125,000 113,840 125,000 .9100 CITY OF FAYETTEVILLE (390), BL R57716 C 3/03 57,500 53,280 57,500 .9266 9 SALES CATEGORY A: SINGLE-FAMILY RESIDENCES ------------------------------------------------------------------------------------------------------------------------------------ LEGAL APPRAISAL ROLL LOC ADD CAD TOTAL IND DESCRIPTION ACCOUNT NUMBER MOD OBS APPR VAL APPR VAL RATIO ------------------------------------------------------------------------------------------------------------------------------------ A-25 BURTON JM R22585 .95 .00 113,660 100,582 1.1300 A-25 BURTON JM R22592 .95 .00 49,090 51,241 .9600 A-59 JONES J LG R22847 .95 .00 90,350 82,574 1.0942 A69 MILES J R23007 .95 .00 36,420 42,608 .8548 A-98 THOMPSON A LG R23228 .95 .00 58,270 62,178 .9400 A-98 THOMPSON BLDGS ONLY WAYLA R23361 .95 .00 82,790 83,959 .9861 A103 TOWNSEND N ACS 2 R23394 .95 .00 58,980 49,829 1.1837 A-272 ROBINSON JG R23768 .95 .00 52,370 61,589 .8503 CITY OF FAYETTEVILLE, BK A LT R23808 .95 .00 85,760 93,206 .9201 CITY FAYETTEVILLE BK D LT 1,2 R23820 .95 .00 66,250 67,854 .9764 SCHMITT ADDN R23843 .95 .00 58,500 58,939 .9926 CITY OF FAY BK H R23856 .95 .00 111,820 113,479 .9854 CITY FAYETTEVILLE, BK H R23858 .95 .00 48,890 46,717 1.0465 CITY FAYETTEVILLE, BK 7 LT A-B R24031 .95 .00 31,710 35,831 .8850 CITY FAY BK 8 LT N,O R24037 .95 .00 98,340 97,376 1.0099 CITY FAY BK 13 LT 59,60 R24067 .95 .00 96,970 103,736 .9300 CITY OF FAY BK 14 LT 53,54 R24073 .95 .00 95,100 84,279 1.1284 CITY FAYETTEVILLE, BK 16 R24079 .95 .00 39,830 38,311 1.0400 SUMP ADDN, BK 17, LT 3-4 R24083 .95 .00 71,210 87,053 .8180 SUMP ADDN, BK 23 LT 1-8 R24095 .95 .00 128,570 113,298 1.1348 CITY FAYETTVILLE BK 25 R24099 .95 .00 35,610 37,904 .9400 CITY FAY BK 25 LT G R24103 .95 .00 84,410 82,809 1.0193 FM 1291 ADDN, BK 28 LT 1-4 R24116 .95 .00 60,990 66,138 .9222 SUMP ADDN BK 39 R24149 .95 .00 77,700 92,506 .8399 A-61 KERR L LG R46268 .95 .00 98,950 108,424 .9126 A-154 COX TW R49095 .95 .00 26,570 31,147 .8530 26 APPRAISALS

DATE: 6/27/2004 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 12 TIME: 18:22 2003 PROPERTY VALUE STUDY RPT: VAL7018 FIELD STUDIES CATEGORY WORKSHEET 075 Fayette 075-906 Fayetteville WEIGHTED MEAN RATIO: .9408 CATEGORY B: MULTIFAMILY RESIDENCES INSUFFICIENT SALES OR APPRAISALS IN SAMPLE; STAFF ASSIGNED LOCAL VALUE. CATEGORY C: VACANT LOTS/TRACTS INSUFFICIENT SALES OR APPRAISALS IN SAMPLE; STAFF ASSIGNED LOCAL VALUE. CATEGORY D: RURAL REAL ------------------------------------------------------------------------------------------------------------------------------------ LEGAL APPRAISAL ROLL S SALE CAD ADJ IND DESCRIPTION ACCOUNT NUMBER C DATE APPR VAL SALE PRICE RATIO ------------------------------------------------------------------------------------------------------------------------------------ A025 BURTON J M 3/4 LG, TRACT R22591 C 11/02 33,990 32,967 1.0310 A-43 EWING A, FARM B R22624 W 4/02 281,210 168,000 1.6700 A045 GAY T 3/4 LG, ACRES 13.00 R22674 C 8/02 72,810 65,000 1.1202 A050 GREENVILLE B LG, ACRES 25 R22733 C 1/03 77,720 78,750 .9869 A069 MILES J LG, ACRES 15.000, R23102 Y 12/02 50,560 52,500 .9600 A103 TOWNSEND N, ACRES 15.000, R23388 Y 12/02 48,750 66,000 .7400 A124 BURNHAM WN O LG & LABOR, R23534 C 11/02 45,680 43,582 1.0481 A243 MURPHY J, ACRES 70.743, N R23755 C 12/02 151,170 134,412 1.1247 A124 BURNHAM WN O LG & LABOR, R50099 C 11/02 42,480 42,273 1.0049 A043 EWING A 1/4 LG, ACRES 20. R53383 C 4/02 62,470 90,000 .6900 A043 EWING A 1/4 LG, ACRES 11. R53452 C 8/02 37,800 46,500 .8100 A050 GREENVILLE B LG, ACRES 59 R54578 Y 5/02 166,850 149,152 1.1200 A050 GREENVILLE B LG, ACRES 66 R54983 C 6/02 175,890 175,691 1.0011 A050 GREENVILLE B LG, ACRES 42 R56090 C 6/02 127,290 151,380 .8409 A025 BURTON J M 3/4 LG, ACRES R56892 C 4/02 92,380 82,857 1.1100 A022 BROWN S P LG, ACRES 10.43 R56962 C 5/02 35,360 35,000 1.0103 A050 GREENVILLE B LG, ACRES 25 R56987 C 5/02 77,080 71,500 1.0780 A022 BROWN S P LG, ACRES 13.70 R57028 Y 8/02 45,060 41,100 1.1000 A061 KERR L LG, ACRES 28.285, R57036 C 7/02 86,890 112,000 .7758 A243 MURPHY J, ACRES 1.331, NO R57310 C 12/02 3,350 3,200 1.0469 20 SALES WEIGHTED MEAN RATIO: 1.0444 CATEGORY F: COMMERCIAL REAL INSUFFICIENT SALES OR APPRAISALS IN SAMPLE; STAFF ASSIGNED LOCAL VALUE. CATEGORY L: COMMERCIAL PERSONAL INSUFFICIENT SALES OR APPRAISALS IN SAMPLE; STAFF ASSIGNED LOCAL VALUE.