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DATE: 02/11/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 13:16:09                                         2004 PROPERTY VALUE STUDY                                    REPT: PTS427
                                                         CAD SUMMARY WORKSHEET                                      VRSN: P
                                                             006 Armstrong

____________________________________________________________________________________________________________________________________
                   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
____________________________________________________________________________________________________________________________________

A.   SINGLE-FAMILY        21        24,208,180       .80       18.99            23.80              80.95                .97
     RESIDENCES
B.   MULTI-FAMILY          0                 0         *           *                *                  *                  *
     RESIDENCES
C.   VACANT LOTS           0           923,771         *           *                *                  *                  *
D.   RURAL REAL           15       114,355,356       .94       21.28            33.33              53.33               1.08
F1.  COMMERCIAL REAL       0         3,300,765         *           *                *                  *                  *
F2.  INDUSTRIAL REAL       0         1,314,820         *           *                *                  *                  *
G.   OIL, GAS,             0                 0         *           *                *                  *                  *
     MINERALS
J.   UTILITIES             5        14,676,768         *           *                *                  *                  *
L1.  COMMERCIAL           12         7,249,619         *           *                *                  *                  *
     PERSONAL
L2.  INDUSTRIAL            0         1,111,286         *           *                *                  *                  *
     PERSONAL
M.   OTHER PERSONAL        0           587,819         *           *                *                  *                  *
O.   RESIDENTIAL           0                 0         *           *                *                  *                  *
     INVENTORY
S.   SPECIAL               0                 0         *           *                *                  *                  *
     INVENTORY
     OVERALL               53       167,728,384       .93       16.63            45.28              67.92                .95


 * 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