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DATE:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:     13
TIME:     20:59                                      2003 PROPERTY VALUE STUDY                                          RPT: VAL7018
                                                   FIELD STUDIES CATEGORY WORKSHEET
                                                             210  Shelby
                                                         210-906  Excelsior

CATEGORY A:  SINGLE-FAMILY RESIDENCES
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             LEGAL                  APPRAISAL ROLL                             LOC       ADD          CAD        TOTAL       IND
          DESCRIPTION               ACCOUNT NUMBER                             MOD       OBS       APPR VAL    APPR VAL     RATIO
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  AB 199 A EMMONS TR 13            R25220                                      .75       .00         35,030      36,530     .9600
  AB 199 A EMMONS TR 17            R25224                                      .75       .00         55,250      55,932     .9900
  AB 199 A EMMONS TR 19            R25226                                      .75       .00         37,760      39,886     .9500
  AB 199 A EMMONS TR 21            R25228                                      .75       .00         17,160      17,814     .9600
  LAKE PINKSTON SEC A LTS 13-15    R25328                                      .75       .00         49,980      46,476    1.0800
  LAKE PINKSTON ESTATES SEC A LT   R25329                                      .75       .00         72,130      78,106     .9200
  LAKE PINKSTON SEC A LOT 12       R25334                                      .75       .00         46,570      46,416    1.0000
  LTS 13-16 SEC B LAKE PINKSTO E   R25346                                      .75       .00         54,880      73,214     .7500
  AB 202 WM EMMONS TR 9            R28508                                      .75       .00         55,550      62,462     .8900
  AB 386 J REZIA TR 39             R28576                                      .75       .00         29,740      30,224     .9800
  AB 626 E J REDDIN TR 2 IMP ONL   R28590                                      .75       .00         24,750      22,116    1.1200
  AB 824 M WILSON TR 2             R28610                                      .75       .00         47,350      57,983     .8200
  AB 935 J TAYLOR TR 1.10          R28619                                      .75       .00         53,410      59,120     .9000
  AB 991 GW SAVELL TR 6            R28656                                      .75       .00         38,530      44,653     .8600
  AB 991 TR 9 IMP. ONLY ACCOUNT    R28660                                      .75       .00         31,160      31,558     .9900
  AB 995 JM AKIN TR 3.10           R28669                                      .75       .00         21,520      20,538    1.0500
  AB 995 J M AKIN TR 4             R28670                                      .75       .00         18,430      20,779     .8900
  AB 1052 GE DAVIS TR 1            R28688                                      .75       .00         78,470      69,421    1.1300
  AB 1052 GE DAVIS TR 5            R28692                                      .75       .00         14,570      16,970     .8600
  AB 1099 L PARRISH TR 2           R28695                                      .75       .00         64,680      83,479     .7700
  AB 590 RUSK CO SCHOOL LAND TR    R28750                                      .75       .00         26,590      28,859     .9200
  AB 470 H MCCLELLAN BLK A TR 10   R40291                                      .75       .00         64,740      71,283     .9100
  LAKE PINKSTO ESTATES BK A TR 3   R40497                                      .75       .00         80,290      71,841    1.1200
  LTS 10-12 SEC B LAKE PINKSTON    R41469                                      .75       .00         63,640      84,726     .7500
  LAKE PINKSTON EST TR 10          R42145                                      .75       .00         77,860      73,883    1.0500
  LAKE PINKSTON ESTATES SEC D LO   R42718                                      .75       .00         24,320      37,123     .6600
  LAKE PINKSTON ESTATES SEC D LO   R43131                                      .75       .00         33,590      34,184     .9800
  LAKE PINKSTON ESTATES SEC D LO   R43132                                      .75       .00         40,390      39,419    1.0200
  AB 470 H MCCLELLAN BLK A TR 18   R43134                                      .75       .00         16,590      17,650     .9400
  AB 479 H MCCLELLAN H TR 100      R43823                                      .75       .00         33,110      33,880     .9800

   30 APPRAISALS
                                                                                                    WEIGHTED MEAN RATIO:     .9322



CATEGORY C:  VACANT LOTS/TRACTS
INSUFFICIENT SALES OR APPRAISALS IN SAMPLE; STAFF ASSIGNED LOCAL VALUE.

CATEGORY D:  RURAL REAL
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             LEGAL                  APPRAISAL ROLL                S      SALE                CAD          ADJ             IND
          DESCRIPTION               ACCOUNT NUMBER                C      DATE             APPR VAL     SALE PRICE        RATIO
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  AB 965 P PALVADORE TR 2          R28629                         W      6/02               21,500          5,000       4.3000

    1 SALES

DATE: 6/27/2004 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION PAGE: 14 TIME: 20:59 2003 PROPERTY VALUE STUDY RPT: VAL7018 FIELD STUDIES CATEGORY WORKSHEET 210 Shelby 210-906 Excelsior CATEGORY D: RURAL REAL ------------------------------------------------------------------------------------------------------------------------------------ LEGAL APPRAISAL ROLL CAD TOTAL IND DESCRIPTION ACCOUNT NUMBER APPR VAL APPR VAL RATIO ------------------------------------------------------------------------------------------------------------------------------------ AB 522 N M MAHAN TR 2 R25381 28,580 27,899 1.0200 AB 753 TR 3 R25401 133,900 144,200 .9300 AB 202 WM EMMONS TR 4 R28502 38,840 38,827 1.0000 AB 202 WM EMMONS TR 6.20 R28505 53,450 56,606 .9400 AB 977 JW POSEY TR 8 R28646 42,750 15,000 2.8500 AB 1040 PH CASSIDY R28681 17,650 17,901 .9900 AB 1052 G E DAVIS TR 4 R28691 84,650 82,968 1.0200 AB 590 RUSK COUNTY SCHOOL LAND R28749 45,310 52,259 .8700 AB 281 GW HOOPER TR 1005 R43465 37,140 44,568 .8300 9 APPRAISALS WEIGHTED MEAN RATIO: 1.0382 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.