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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     15:49                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           160  McCulloch

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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              $87,946,080     .96       15.19             52.63                76.32             1.06
    RESIDENCES

B.  MULTI-FAMILY          0               $1,944,550     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0               $3,286,340     *           *                 *                    *                *

D.  RURAL REAL           36             $482,953,050     .93       21.57             33.33                69.44             1.06

F1. COMMERCIAL REAL      26              $24,642,080     .95       20.97             46.15                61.54             1.08

F2. INDUSTRIAL REAL       0              $32,293,880     *           *                 *                    *                *

G.  OIL, GAS,             0               $2,726,640     *           *                 *                    *                *
    MINERALS

J.  UTILITIES             1              $22,871,970     *           *                 *                    *                *

L1. COMMERCIAL           20              $15,373,650    1.02        4.90             90.00                95.00             1.00
    PERSONAL

L2. INDUSTRIAL            0              $21,668,060     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0               $2,811,770     *           *                 *                    *                *

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

S.  SPECIAL               0               $1,817,840     *           *                 *                    *                *
    INVENTORY

    TOTALS:             159             $700,335,910     .96       16.57             52.83                74.21              .99


*   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