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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     12:42                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           008  Austin

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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       105             $464,476,351     .93       11.18             70.48                93.33             1.04
    RESIDENCES

B.  MULTI-FAMILY          0              $15,060,915     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0              $20,570,695     *           *                 *                    *                *

D.  RURAL REAL           85           $1,123,916,416     .99       19.37             55.29                81.18             1.08

F1. COMMERCIAL REAL      27              $87,812,184    1.00       13.07             66.67                88.89             1.09

F2. INDUSTRIAL REAL       0              $32,321,096     *           *                 *                    *                *

G.  OIL, GAS,            31             $159,394,250    1.01        4.44             93.55               100.00             1.01
    MINERALS

J.  UTILITIES            24             $102,265,868     .95        8.07             75.00                95.83             1.07

L1. COMMERCIAL           23              $47,622,339     .99        9.13             60.87                91.30             1.01
    PERSONAL

L2. INDUSTRIAL            0              $82,261,829     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0              $16,367,243     *           *                 *                    *                *

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

S.  SPECIAL               0               $3,851,872     *           *                 *                    *                *
    INVENTORY

    TOTALS:             295           $2,155,921,058     .97       13.24             66.78                90.17             1.03


*   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