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DATE:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     21:01                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           212  Smith

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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     1,133           $4,811,863,390    1.00        7.46             81.82                94.79             1.02
    RESIDENCES

B.  MULTI-FAMILY          0             $279,651,450     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS          49             $204,999,540     *           *                 *                    *                *

D.  RURAL REAL          185           $1,494,869,630    1.02       19.78             65.41                81.62             1.09

F1. COMMERCIAL REAL     161           $1,398,200,360    1.00       11.19             70.19                87.58             1.00

F2. INDUSTRIAL REAL       0             $158,143,750     *           *                 *                    *                *

G.  OIL, GAS,            25             $119,896,160    1.00        6.28             76.00               100.00             1.00
    MINERALS

J.  UTILITIES            10             $309,784,036     *           *                 *                    *                *

L1. COMMERCIAL           93             $799,546,821    1.00        4.62             82.80                98.92             1.01
    PERSONAL

L2. INDUSTRIAL            0             $599,859,992     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0              $92,896,057     *           *                 *                    *                *

O.  RESIDENTIAL           0              $36,793,310     *           *                 *                    *                *
    INVENTORY

S.  SPECIAL               0              $46,914,857     *           *                 *                    *                *
    INVENTORY

    TOTALS:           1,656          $10,353,419,353    1.00       11.52             77.48                91.67             1.05


*   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