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DATE:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         PAGE:      1
TIME:     16:42                                       2003 PROPERTY VALUE STUDY                                         RPT: VAL7065
                                                        CAD SUMMARY WORKSHEET
                                                           215  Stephens

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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        47              $98,021,040     .95       23.12             57.45                80.85             1.12
    RESIDENCES

B.  MULTI-FAMILY          0               $4,233,050     *           *                 *                    *                *
    RESIDENCES

C.  VACANT LOTS           0               $3,846,810     *           *                 *                    *                *

D.  RURAL REAL           23             $273,550,490     .80       46.90             21.74                47.83             1.35

F1. COMMERCIAL REAL      31              $24,796,300     .99        7.92             87.10                87.10             1.02

F2. INDUSTRIAL REAL       0               $3,204,530     *           *                 *                    *                *

G.  OIL, GAS,            23                       $0    1.00       16.13             56.52                69.57              .91
    MINERALS

J.  UTILITIES             8                       $0     .97        6.06             75.00               100.00              .93

L1. COMMERCIAL            0              $12,255,220     *           *                 *                    *                *
    PERSONAL

L2. INDUSTRIAL            0               $9,226,740     *           *                 *                    *                *
    PERSONAL

M.  OTHER PERSONAL        0                 $919,780     *           *                 *                    *                *

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

S.  SPECIAL               0                 $703,760     *           *                 *                    *                *
    INVENTORY

    TOTALS:             132             $430,757,720     .97       20.89             59.85                74.24              .91


*   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