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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     16:02                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           169  Montague

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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       266             $278,824,570    1.02       12.14             72.56                94.74             1.03
    RESIDENCES

B.  MULTI-FAMILY          0               $4,268,010     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0              $13,332,970     *           *                 *                    *                *

D.  RURAL REAL           80             $823,988,820    1.03       11.21             65.00                90.00             1.03

F1. COMMERCIAL REAL      51              $47,611,740    1.01        5.67             90.20                98.04              .97

F2. INDUSTRIAL REAL       0               $3,578,150     *           *                 *                    *                *

G.  OIL, GAS,            67              $72,715,610    1.03        8.33             80.60                92.54             1.01
    MINERALS

J.  UTILITIES            24              $73,524,660     .98        9.83             50.00                87.50             1.00

L1. COMMERCIAL            0              $23,712,448     *           *                 *                    *                *
    PERSONAL

L2. INDUSTRIAL            0              $19,208,474     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0               $6,466,440     *           *                 *                    *                *

O.  RESIDENTIAL           0                 $651,320     *           *                 *                    *                *
    INVENTORY

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

    TOTALS:             488           $1,367,883,212    1.02       10.75             73.57                93.85             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