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DATE: 06/23/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 07:22:04                                         2004 PROPERTY VALUE STUDY                                    REPT: PTS427
                                                         CAD SUMMARY WORKSHEET                                      VRSN: W
                                                             234 Van Zandt

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                   NUMBER OF    2004 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       433       744,929,043       .95       12.15            52.19              90.30               1.00
     RESIDENCES
B.   MULTI-FAMILY          0         8,682,840         *           *                *                  *                  *
     RESIDENCES
C.   VACANT LOTS           0        30,741,540         *           *                *                  *                  *
D.   RURAL REAL          192     1,600,446,141      1.01       17.93            47.39              73.43               1.05
F1.  COMMERCIAL REAL      75       139,619,240       .84       15.68            29.33              84.00                .90
F2.  INDUSTRIAL REAL       0         2,486,370         *           *                *                  *                  *
G.   OIL, GAS,            33        98,194,660       .98        9.24            75.75              90.90                .97
     MINERALS
J.   UTILITIES            45       107,914,850      1.04        6.31            93.33              93.33               1.04
L1.  COMMERCIAL           32        75,301,700      1.00        6.25            78.12              96.87                .99
     PERSONAL
L2.  INDUSTRIAL            0        53,739,230         *           *                *                  *                  *
     PERSONAL
M.   OTHER PERSONAL        0        52,248,996         *           *                *                  *                  *
O.   RESIDENTIAL           0         5,445,430         *           *                *                  *                  *
     INVENTORY
S.   SPECIAL               0         7,122,680         *           *                *                  *                  *
     INVENTORY
     OVERALL              810     2,926,872,720       .97       13.57            53.82              85.43                .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