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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:33                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        039-905-039 Midway

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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          1,131,650    1.0098       1,120,667        8
  2      A  - Single-family Residences          1,101,735     .9967       1,105,383        6
  3      A  - Single-family Residences          1,108,746    1.0124       1,095,166        8
  4      A  - Single-family Residences          1,107,811    1.0176       1,088,651        6
  5      D  - Rural Real                       15,104,360    1.0381      14,550,005       29
  6      G  - Oil, Gas, Minerals               11,326,660    1.0300      10,996,757       30

Random Totals:                                 30,880,962                29,956,629       87
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      13,061,195                12,772,134
 Other Exception Values:                                0                         0
Exception Totals(3):                           13,061,195                12,772,134
Test Values(4):                                43,942,157                42,728,763

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      2,136,438
Confidence Interval Values:
  State Lower Limit:                                       40,592,325  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        43,942,157  (Within Confidence Interval Limits)
  State Upper Limit:                                       44,865,201  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        46,235,192  (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.