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DATE: 01/23/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 14:59:54                                         2005 PROPERTY VALUE STUDY                                    REPT: PTS427
                                                         CAD SUMMARY WORKSHEET                                      VRSN: W
                                                             006 Armstrong

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                   NUMBER OF    2005 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        23        24,854,800       .86       18.65            26.08              78.26               1.07
     RESIDENCES
B.   MULTI-FAMILY          0            28,730         *           *                *                  *                  *
     RESIDENCES
C.   VACANT LOTS           0           707,860         *           *                *                  *                  *
D.   RURAL REAL           20       107,227,300       .76       37.37            15.00              45.00               1.25
F1.  COMMERCIAL REAL       0         3,293,650         *           *                *                  *                  *
F2.  INDUSTRIAL REAL       0         1,314,830         *           *                *                  *                  *
G.   OIL, GAS,             0                 0         *           *                *                  *                  *
     MINERALS
J.   UTILITIES             5        14,630,070         *           *                *                  *                  *
L1.  COMMERCIAL           10         6,533,030         *           *                *                  *                  *
     PERSONAL
L2.  INDUSTRIAL            0         1,195,340         *           *                *                  *                  *
     PERSONAL
M.   OTHER PERSONAL        0           595,480         *           *                *                  *                  *
O.   RESIDENTIAL           0                 0         *           *                *                  *                  *
     INVENTORY
S.   SPECIAL               0                 0         *           *                *                  *                  *
     INVENTORY
     OVERALL               58       160,381,090       .87       23.62            25.86              72.41                .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