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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:11                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        019-902-019 Hooks

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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         16,080,937    1.0749      14,960,403        7
  2      A  - Single-family Residences         16,094,490    1.0022      16,059,160        7
  3      A  - Single-family Residences         16,169,033    1.0257      15,763,901        8
  4      A  - Single-family Residences         16,040,277    1.0037      15,981,147        9
  5      D  - Rural Real                       19,269,171    1.0181      18,926,600       13
  6      F  - Commercial Real                   1,927,898    1.0542       1,828,778        6
  7      F  - Commercial Real                   1,840,230     .9543       1,928,356        7
  8      F  - Commercial Real                   2,146,271     .9766       2,197,697        5
  9      F  - Commercial Real                   1,668,082     .9286       1,796,341        3

Random Totals:                                 91,236,389                89,442,383       65
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       4,169,601                 3,779,510
 Other Exception Values:                                0                         0
Exception Totals(3):                            4,169,601                 3,779,510
Test Values(4):                                95,405,990                93,221,893

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      4,661,095
Confidence Interval Values:
  State Lower Limit:                                       88,560,798  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        95,405,990  (Within Confidence Interval Limits)
  State Upper Limit:                                       97,882,988  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       107,016,603  (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.