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DATE: 02/11/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 13:22:28                                         2004 PROPERTY VALUE STUDY                                    REPT: PTS427
                                                         CAD SUMMARY WORKSHEET                                      VRSN: P
                                                             194 Red River

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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       119       120,444,830       .98        7.01            78.15              97.47               1.00
     RESIDENCES
B.   MULTI-FAMILY          0         2,736,230         *           *                *                  *                  *
     RESIDENCES
C.   VACANT LOTS           0         6,283,710         *           *                *                  *                  *
D.   RURAL REAL           85       500,075,390      1.00       12.06            67.05              89.41               1.02
F1.  COMMERCIAL REAL      22        19,251,570       .97        4.97            95.45              95.45               1.03
F2.  INDUSTRIAL REAL       0         8,323,510         *           *                *                  *                  *
G.   OIL, GAS,            18        16,831,870       .98        5.21            83.33              94.44                .99
     MINERALS
J.   UTILITIES            15        29,386,000      1.05        7.36            86.66              86.66                .98
L1.  COMMERCIAL           25        13,251,840      1.00        8.48            72.00              88.00               1.01
     PERSONAL
L2.  INDUSTRIAL            0        29,801,110         *           *                *                  *                  *
     PERSONAL
M.   OTHER PERSONAL        0         6,815,700         *           *                *                  *                  *
O.   RESIDENTIAL           0            86,350         *           *                *                  *                  *
     INVENTORY
S.   SPECIAL               0           462,330         *           *                *                  *                  *
     INVENTORY
     OVERALL              284       753,750,440       .99        8.59            77.46              93.30               1.01


 * 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