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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     13:31                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           051  Cottle

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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        27              $16,135,240    1.01       13.46             40.74                85.19             1.04
    RESIDENCES

B.  MULTI-FAMILY          0                  $42,100     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0                 $646,090     *           *                 *                    *                *

D.  RURAL REAL           18              $92,294,580     .74       30.85             22.22                55.56             1.18

F1. COMMERCIAL REAL       0               $2,991,980     *           *                 *                    *                *

F2. INDUSTRIAL REAL       0                 $750,650     *           *                 *                    *                *

G.  OIL, GAS,            15              $33,420,940     .99        8.69             73.33                80.00             1.02
    MINERALS

J.  UTILITIES             4               $9,813,830     *           *                 *                    *                *

L1. COMMERCIAL            0               $2,271,890     *           *                 *                    *                *
    PERSONAL

L2. INDUSTRIAL            0                 $262,500     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0                 $292,230     *           *                 *                    *                *

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

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

    TOTALS:              64             $158,922,030     .99       16.24             48.44                75.00              .98


*   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