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DATE:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     20:11                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           165  Midland

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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       144           $2,604,776,857     .95        6.40             85.42                97.92             1.00
    RESIDENCES

B.  MULTI-FAMILY          0             $136,726,750     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0             $134,259,627     *           *                 *                    *                *

D.  RURAL REAL           10             $228,778,338    1.00       16.00             60.00                90.00              .96

F1. COMMERCIAL REAL      46             $839,868,805     .99       12.83             60.87                89.13             1.00

F2. INDUSTRIAL REAL       0              $18,061,700     *           *                 *                    *                *

G.  OIL, GAS,            26             $936,520,620    1.00        6.65             80.77                96.15             1.01
    MINERALS

J.  UTILITIES            12             $241,529,740     .95       11.32             41.67               100.00              .97

L1. COMMERCIAL           36             $497,818,070    1.00       12.92             52.78                80.56             1.03
    PERSONAL

L2. INDUSTRIAL            0             $264,161,100     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0              $30,325,460     *           *                 *                    *                *

O.  RESIDENTIAL           0               $8,635,160     *           *                 *                    *                *
    INVENTORY

S.  SPECIAL               0              $23,546,750     *           *                 *                    *                *
    INVENTORY

    TOTALS:             274           $5,965,008,977     .97        9.24             68.61                93.80             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