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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     12:45                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           012  Baylor

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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        76              $45,423,807     .99       31.74             53.95                72.37             1.22
    RESIDENCES

B.  MULTI-FAMILY          0                       $0     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0                 $538,450     *           *                 *                    *                *

D.  RURAL REAL           20             $241,812,270     .95       16.21             55.00                70.00             1.03

F1. COMMERCIAL REAL      32               $8,743,410     .99        6.00             90.63                93.75             1.03

F2. INDUSTRIAL REAL       0                 $334,690     *           *                 *                    *                *

G.  OIL, GAS,             0               $4,272,570     *           *                 *                    *                *
    MINERALS

J.  UTILITIES             0              $14,505,620     *           *                 *                    *                *

L1. COMMERCIAL            0               $6,194,278     *           *                 *                    *                *
    PERSONAL

L2. INDUSTRIAL            0                 $698,720     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0               $1,726,210     *           *                 *                    *                *

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

S.  SPECIAL               0                       $0     *           *                 *                    *                *
    INVENTORY

    TOTALS:             128             $324,250,025     .99       22.84             63.28                78.13             1.10


*   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