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         SOWELL M BAXTER JR - TERRY M          ACCOUNT NUMBER    S61440-001
          PROPERTY ADDRESS   0137 WATERFORD PL TAX DISTRICT      2
          100% VALUE          181,400      EXEMPTION CD      S1
          40% VALUE           72,560      MORTGAGE CD       23(NOTE 1)
          MAP/ROUTE          L051-0194      MILL RATE 32.9445      MAP CODE          101A 26
          PROPERTY DESC      
          HOMESTEAD EXEMPTIONS                7,000.00
                                       STATE         COUNTY           CITY         SCHOOL
          BOND TAX                 83.63
          REGULAR TAX 17.64 1,136.45 1,035.77
          LATE FILING PENALTY                
          TOTAL TAX 17.64 1,136.45 1,119.40
          SALES TAX CREDIT 104.33-
          HTRG CREDIT 2.00- 125.94- 126.39-
          NET TAX 15.64 906.18 993.01
          CURRENT AMOUNT DUE--------> 1,914.83
          
          
          
          
          
          
          
           .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     S61440-001    957.41        11-15-2002
  
                  INTEREST ACCRUES AFTER 11/15/2002     
 
                  SOWELL M BAXTER JR - TERRY M
                  137 WATERFORD PL
                     
                  MACON GA 31210-3075   

                          RETURN THIS PORTION WITH YOUR 1ST INSTALLMENT PAYMENT
           TAX YEAR     ACCOUNT #       1ST INSTALLMENT    DUE DATE          TOTAL DUE          AMOUNT PAID
                                           AMOUNT
               2002     S61440-001    957.42        09-26-2002    
 
                  INTEREST ACCRUES AFTER 10/25/2002                 
 
                  SOWELL M BAXTER JR - TERRY M
                  137 WATERFORD PL
                  
                  MACON GA 31210-3075