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DATE:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     20:04                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           160  McCulloch

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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        76              $87,946,080     .96       14.88             53.95                77.63             1.05
    RESIDENCES

B.  MULTI-FAMILY          0               $1,944,550     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0               $3,286,340     *           *                 *                    *                *

D.  RURAL REAL           37             $482,953,050     .93       27.55             32.43                67.57             1.06

F1. COMMERCIAL REAL      26              $24,642,080     .95       20.73             46.15                61.54             1.08

F2. INDUSTRIAL REAL       0              $32,293,880     *           *                 *                    *                *

G.  OIL, GAS,             0               $2,726,640     *           *                 *                    *                *
    MINERALS

J.  UTILITIES             1              $22,871,970     *           *                 *                    *                *

L1. COMMERCIAL           20              $15,373,650    1.02        4.90             90.00                95.00             1.00
    PERSONAL

L2. INDUSTRIAL            0              $21,668,060     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0               $2,811,770     *           *                 *                    *                *

O.  RESIDENTIAL           0                       $0     *           *                 *                    *                *
    INVENTORY

S.  SPECIAL               0               $1,817,840     *           *                 *                    *                *
    INVENTORY

    TOTALS:             160             $700,335,910     .97       17.55             54.38                74.38             1.00


*   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