STATE OF GEORGIA, BIBB COUNTY, CITY OF MACON
                                              AD VALOREM TAX STATEMENT
                                                                              THOMAS W. TEDDERS, JR.
                                                                              TAX COMMISSIONER
             RUN DATE 08/16/2002         TAX YEAR = 2002                    OFFICE PHONE # 478-621-6500

          OWNER NAME         MORGAN JAMES G & KELLY G           ACCOUNT NUMBER    M70540-001
          PROPERTY ADDRESS   4601 N STRATFORD OAKS DR TAX DISTRICT      2
          100% VALUE          103,700      EXEMPTION CD      S1
          40% VALUE           41,480      MORTGAGE CD       23(NOTE 1)
          MAP/ROUTE          M043-0148      MILL RATE 32.9445      MAP CODE          305 357
          PROPERTY DESC      
          HOMESTEAD EXEMPTIONS                7,000.00
                                       STATE         COUNTY           CITY         SCHOOL
          BOND TAX                 47.81
          REGULAR TAX 9.87 597.69 544.74
          LATE FILING PENALTY                
          TOTAL TAX 9.87 597.69 592.55
          SALES TAX CREDIT 54.86-
          HTRG CREDIT 2.00- 125.94- 126.39-
          NET TAX 7.87 416.89 466.16
          CURRENT AMOUNT DUE--------> 890.92
          
          
          
          
          
          
          
           .00
 
      
          NOTE 2: GROSS MILL RATE FOR 2002    34.5358
           REDUCTION IN MILL RATE FROM PRIOR YEAR SALES TAX 1.5913
           NET MILL RATE SET FOR 2002 32.9445
          
           NOTE 1
          IF MORTGAGE CODE
          IS PRESENT, YOUR MORTGAGE
          COMPANY HAS BEEN NOTIFIED

                          RETURN THIS PORTION WITH YOUR 2ND INSTALLMENT PAYMENT
           TAX YEAR     ACCOUNT #       2ND INSTALLMENT    DUE DATE                             AMOUNT PAID
                                           AMOUNT
               2002     M70540-001    445.45        11-15-2002
  
                  INTEREST ACCRUES AFTER 11/15/2002     
 
                  MORGAN JAMES G & KELLY G
                  4601 N STRATFORD OAKS DR
                     
                  MACON GA 31210-3111   

                          RETURN THIS PORTION WITH YOUR 1ST INSTALLMENT PAYMENT
           TAX YEAR     ACCOUNT #       1ST INSTALLMENT    DUE DATE          TOTAL DUE          AMOUNT PAID
                                           AMOUNT
               2002     M70540-001    445.47        09-26-2002    
 
                  INTEREST ACCRUES AFTER 10/25/2002                 
 
                  MORGAN JAMES G & KELLY G
                  4601 N STRATFORD OAKS DR
                  
                  MACON GA 31210-3111