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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     12:43                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           009  Bailey

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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        66              $52,755,572     .89       13.85             40.91                89.39             1.03
    RESIDENCES

B.  MULTI-FAMILY          0                 $938,720     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0               $1,324,372     *           *                 *                    *                *

D.  RURAL REAL           18             $140,750,912     .91       21.24             38.89                88.89             1.08

F1. COMMERCIAL REAL      25              $16,793,339     .93       10.45             68.00                88.00              .95

F2. INDUSTRIAL REAL       0              $23,250,149     *           *                 *                    *                *

G.  OIL, GAS,             0                       $0     *           *                 *                    *                *
    MINERALS

J.  UTILITIES             4              $56,633,427     *           *                 *                    *                *

L1. COMMERCIAL           22              $13,797,445    1.00        9.14             68.18                90.91             1.00
    PERSONAL

L2. INDUSTRIAL            0              $10,530,485     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0                 $766,495     *           *                 *                    *                *

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

S.  SPECIAL               0               $1,114,996     *           *                 *                    *                *
    INVENTORY

    TOTALS:             135             $318,655,912     .93       14.00             51.11                86.67              .92


*   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