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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     13:28                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           048  Concho

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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        56              $32,529,180     .99       15.71             48.21                85.71             1.04
    RESIDENCES

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

C.  VACANT LOTS          29               $5,888,260    1.00        6.52             75.86                96.55             1.03

D.  RURAL REAL           18             $279,180,210    1.01       24.15             38.89                61.11             1.10

F1. COMMERCIAL REAL      17               $6,991,480     .98       11.10             58.82               100.00             1.02

F2. INDUSTRIAL REAL       0              $17,728,410     *           *                 *                    *                *

G.  OIL, GAS,            27              $24,425,390    1.02       17.69             62.96                85.19             1.12
    MINERALS

J.  UTILITIES             3              $16,808,770     *           *                 *                    *                *

L1. COMMERCIAL            0               $1,485,840     *           *                 *                    *                *
    PERSONAL

L2. INDUSTRIAL            0               $7,962,270     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0                 $320,400     *           *                 *                    *                *

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

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

    TOTALS:             150             $393,320,210    1.00       14.72             55.33                86.67             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