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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:15                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        021-901-021 College Station

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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        410,760,084     .9301     441,630,023       50
  2      A  - Single-family Residences        410,760,084     .9430     435,588,636       53
  3      A  - Single-family Residences        410,760,084     .9776     420,171,935       43
  4      A  - Single-family Residences        410,760,084     .8643     475,251,746       15
  5      B  - Multi-family Residences         139,122,031     .8398     165,660,909       38
  6      B  - Multi-family Residences         139,649,009     .9421     148,231,620        7
  7      B  - Multi-family Residences         139,297,690     .9847     141,462,060        7
  8      B  - Multi-family Residences         138,009,524    1.0646     129,635,097        5
  9      F  - Commercial Real                 146,363,965     .8925     163,993,238        9
 10      F  - Commercial Real                 146,425,515     .9746     150,241,653       10
 11      F  - Commercial Real                 148,333,539    1.0212     145,254,151        6
 12      F  - Commercial Real                 143,778,900    1.0847     132,551,765        6
 13      L  - Commercial Personal              53,837,280    1.0950      49,166,466        7
 14      L  - Commercial Personal              53,656,466    1.0601      50,614,533        7
 15      L  - Commercial Personal              55,577,612    1.0367      53,610,121        7
 16      L  - Commercial Personal              51,644,914    1.0171      50,776,634        5

Random Totals:                              2,998,736,781             3,153,840,587      275
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       2,444,820                 2,130,834
 Other Exception Values:                                0                         0
Exception Totals(3):                            2,444,820                 2,130,834
Test Values(4):                             3,001,181,601             3,155,971,421

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    157,798,571
Confidence Interval Values:
  State Lower Limit:                                    2,998,172,850  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     3,001,181,601  (Within Confidence Interval Limits)
  State Upper Limit:                                    3,313,769,992  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     3,254,256,663  (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.