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DATE: 02/11/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 13:17:29                                         2004 PROPERTY VALUE STUDY                                    REPT: PTS427
                                                         CAD SUMMARY WORKSHEET                                      VRSN: P
                                                             045 Colorado

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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        98       326,871,298       .97       14.04            66.32              86.73               1.04
     RESIDENCES
B.   MULTI-FAMILY          0         6,054,980         *           *                *                  *                  *
     RESIDENCES
C.   VACANT LOTS           0        15,686,076         *           *                *                  *                  *
D.   RURAL REAL          105     1,252,105,255       .99       17.54            60.95              79.04               1.09
F1.  COMMERCIAL REAL      37        92,235,771       .93        9.68            64.86              91.89                .99
F2.  INDUSTRIAL REAL       0        32,791,260         *           *                *                  *                  *
G.   OIL, GAS,            38       210,490,429      1.01       14.07            42.10              81.57                .94
     MINERALS
J.   UTILITIES            16        84,036,120       .99        5.69            87.50             100.00               1.04
L1.  COMMERCIAL            0        41,310,050         *           *                *                  *                  *
     PERSONAL
L2.  INDUSTRIAL            0        89,491,730         *           *                *                  *                  *
     PERSONAL
M.   OTHER PERSONAL        0        11,208,480         *           *                *                  *                  *
O.   RESIDENTIAL           0                 0         *           *                *                  *                  *
     INVENTORY
S.   SPECIAL               0         4,391,430         *           *                *                  *                  *
     INVENTORY
     OVERALL              294     2,166,672,879       .98       14.48            62.58              84.01                .98


 * 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