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DATE:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     20:22                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           175  Navarro

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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       476             $536,457,577     .98        9.79             69.54                94.54             1.01
    RESIDENCES

B.  MULTI-FAMILY          0              $16,694,230     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS          73              $51,471,930    1.00       10.44             65.75                89.04             1.06

D.  RURAL REAL          179             $697,410,707    1.02       27.97             40.78                63.69             1.09

F1. COMMERCIAL REAL      37             $137,315,185    1.00       14.76             59.46                86.49             1.04

F2. INDUSTRIAL REAL       0              $61,368,160     *           *                 *                    *                *

G.  OIL, GAS,             0              $11,040,765     *           *                 *                    *                *
    MINERALS

J.  UTILITIES            61             $140,362,290     .97       11.41             62.30                85.25             1.00

L1. COMMERCIAL           24              $74,147,943     .98        6.12             79.17                95.83              .99
    PERSONAL

L2. INDUSTRIAL            0             $256,524,371     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0              $36,202,090     *           *                 *                    *                *

O.  RESIDENTIAL           0              $10,559,097     *           *                 *                    *                *
    INVENTORY

S.  SPECIAL               0               $8,103,028     *           *                 *                    *                *
    INVENTORY

    TOTALS:             850           $2,037,657,373     .98       14.29             62.12                86.35             1.04


*   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