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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:09                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        018-905-018 Walnut Springs

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                                                              (1)                         (2)
  (1)                  (1)                        (1)       Stratum         (1)         Sample
Stratum              Category                 Local Value    Ratio      State Value      Size
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  1      A  - Single-family Residences          2,207,974     .9738       2,267,379        7
  2      A  - Single-family Residences          2,214,485    1.0153       2,181,114        7
  3      A  - Single-family Residences          2,243,317     .9854       2,276,555        6
  4      A  - Single-family Residences          2,170,772    1.0346       2,098,175        7
  5      D  - Rural Real                       18,325,840     .9056      20,236,131       10

Random Totals:                                 27,162,388                29,059,354       37
 Cat J Exception Values:                        2,800,649                 2,918,256
 Cat D1 Exception Values:                       5,114,230                 4,603,725
 Other Exception Values:                                0                         0
Exception Totals(3):                            7,914,879                 7,521,981
Test Values(4):                                35,077,267                36,581,335

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,829,067
Confidence Interval Values:
  State Lower Limit:                                       34,752,268  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        35,077,267  (Within Confidence Interval Limits)
  State Upper Limit:                                       38,410,402  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        36,889,194  (See ISD Summary Worksheet)


Sources:

(1) See Stratified Ratio Detail Report VAL7214.
(2) Number of parcels sampled by staff.
(3) Exception value includes, if tested, D1, the J sample, and any parcels in A,B,C,D,F1,G or L1 marked as exception properties.
(4) Unstudied categories and sub-categories were not included in the test values.
(5) Includes local value of unstudied property categories and sub-categories.