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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     15:43                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           154  Madison

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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        83             $104,893,930     .94       14.87             45.78                85.54             1.05
    RESIDENCES

B.  MULTI-FAMILY          0               $2,519,350     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0               $8,325,040     *           *                 *                    *                *

D.  RURAL REAL           53             $444,950,332     .99       11.24             50.94                92.45             1.00

F1. COMMERCIAL REAL      32              $32,498,367     .96       14.94             40.63                81.25             1.08

F2. INDUSTRIAL REAL       0               $4,995,610     *           *                 *                    *                *

G.  OIL, GAS,            34              $34,783,820    1.00        5.65             88.24                94.12             1.01
    MINERALS

J.  UTILITIES            18              $39,582,610     .98        4.53             77.78               100.00             1.03

L1. COMMERCIAL            0              $14,848,608     *           *                 *                    *                *
    PERSONAL

L2. INDUSTRIAL            0              $22,308,480     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0               $8,843,600     *           *                 *                    *                *

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

S.  SPECIAL               0               $9,856,950     *           *                 *                    *                *
    INVENTORY

    TOTALS:             220             $728,406,697     .98       11.88             57.27                90.45             1.01


*   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