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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     15:17                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           135  King

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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         0                 $985,270     *           *                 *                    *                *
    RESIDENCES

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

C.  VACANT LOTS           0                 $136,018     *           *                 *                    *                *

D.  RURAL REAL           10              $88,812,120     .99        3.84             90.00               100.00             1.00

F1. COMMERCIAL REAL       0                 $167,850     *           *                 *                    *                *

F2. INDUSTRIAL REAL       0                  $23,220     *           *                 *                    *                *

G.  OIL, GAS,            12             $145,750,920    1.03        5.50             83.33               100.00             1.02
    MINERALS

J.  UTILITIES             0               $6,930,260     *           *                 *                    *                *

L1. COMMERCIAL            0                 $728,430     *           *                 *                    *                *
    PERSONAL

L2. INDUSTRIAL            0                  $64,560     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0                  $85,250     *           *                 *                    *                *

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

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

    TOTALS:              22             $243,683,898    1.01        5.22             86.36               100.00             1.02


*   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