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         REYNOLDS CARL           ACCOUNT NUMBER    526190-001
          PROPERTY ADDRESS    TAX DISTRICT      2
          100% VALUE          649,000      EXEMPTION CD      S0
          40% VALUE           259,600      MORTGAGE CD       
          MAP/ROUTE           -       MILL RATE 32.9445      MAP CODE          
          PROPERTY DESC      AIRPLANE REG 913CR 78 PIPER PA31T1
                          
                                       STATE         COUNTY           CITY         SCHOOL
          BOND TAX                 299.21
          REGULAR TAX 64.90 4,500.01 4,101.37
          LATE FILING PENALTY                
          TOTAL TAX 64.90 4,500.01 4,400.58
          SALES TAX CREDIT 413.11-
          HTRG CREDIT
          NET TAX 64.90 4,086.90 4,400.58
          CURRENT AMOUNT DUE--------> 8,552.38
          
          
          
          
          
          
          
           .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
          
          
          
          
          

                          RETURN THIS PORTION WITH YOUR 2ND INSTALLMENT PAYMENT
           TAX YEAR     ACCOUNT #       2ND INSTALLMENT    DUE DATE                             AMOUNT PAID
                                           AMOUNT
               2002     526190-001    4,276.18        11-15-2002
  
                  INTEREST ACCRUES AFTER 11/15/2002     
 
                  REYNOLDS CARL
                  850 WALNUT ST
                     
                  MACON GA 31201-2665   

                          RETURN THIS PORTION WITH YOUR 1ST INSTALLMENT PAYMENT
           TAX YEAR     ACCOUNT #       1ST INSTALLMENT    DUE DATE          TOTAL DUE          AMOUNT PAID
                                           AMOUNT
               2002     526190-001    4,276.20        09-26-2002    
 
                  INTEREST ACCRUES AFTER 10/25/2002                 
 
                  REYNOLDS CARL
                  850 WALNUT ST
                  
                  MACON GA 31201-2665