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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     16:03                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           170  Montgomery

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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       411          $11,898,747,650     .97        8.10             77.86                93.19             1.02
    RESIDENCES

B.  MULTI-FAMILY         28             $341,294,107    1.00        5.68             78.57                96.43             1.01
    RESIDENCES

C.  VACANT LOTS         242           $1,148,705,666    1.00       10.26             73.14                91.32             1.02

D.  RURAL REAL           46           $1,033,923,180     .99        6.30             89.13               100.00              .99

F1. COMMERCIAL REAL      72           $2,355,807,913     .98        8.43             63.89                97.22              .95

F2. INDUSTRIAL REAL       0             $117,604,289     *           *                 *                    *                *

G.  OIL, GAS,            13              $90,021,300    1.01        6.09             84.62                92.31             1.00
    MINERALS

J.  UTILITIES             8           $1,441,225,800     *           *                 *                    *                *

L1. COMMERCIAL           86           $1,316,079,001     .99        7.68             69.77                94.19             1.00
    PERSONAL

L2. INDUSTRIAL            0             $265,247,187     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0             $101,509,368     *           *                 *                    *                *

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

S.  SPECIAL               0              $52,768,251     *           *                 *                    *                *
    INVENTORY

    TOTALS:             906          $20,162,933,712     .99        8.53             73.07                93.71             1.00


*   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