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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:32                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        037-909-037 Wells

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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          2,194,987     .8771       2,502,550        8
  2      A  - Single-family Residences          2,154,712    1.0255       2,101,133        8
  3      A  - Single-family Residences          2,220,616     .9364       2,371,440        7
  4      A  - Single-family Residences          2,117,183     .9726       2,176,828        7
  5      D  - Rural Real                       12,138,570     .9281      13,078,946       12

Random Totals:                                 20,826,068                22,230,897       42
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      13,311,630                11,709,140
 Other Exception Values:                                0                         0
Exception Totals(3):                           13,311,630                11,709,140
Test Values(4):                                34,137,698                33,940,037

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,697,002
Confidence Interval Values:
  State Lower Limit:                                       32,243,035  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        34,137,698  (Within Confidence Interval Limits)
  State Upper Limit:                                       35,637,039  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        33,963,535  (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.