School and Appraisal Districts' Property Value Study 2003 Final Report



Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:41                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        043-904-043 Farmersville

------------------------------------------------------------------------------------------------------------------------------------
                                                              (1)                         (2)
  (1)                  (1)                        (1)       Stratum         (1)         Sample
Stratum              Category                 Local Value    Ratio      State Value      Size
------------------------------------------------------------------------------------------------------------------------------------
  1      A  - Single-family Residences         29,802,450    1.1448      26,032,888       21
  2      A  - Single-family Residences         29,739,787     .9787      30,387,031       27
  3      A  - Single-family Residences         29,877,645     .9744      30,662,608       11
  4      A  - Single-family Residences         29,677,124     .9864      30,086,298       11
  5      D  - Rural Real                       61,837,183    1.0129      61,049,643       43
  6      F  - Commercial Real                   3,589,195     .8773       4,091,183        7
  7      F  - Commercial Real                   3,754,198    1.0145       3,700,540        8
  8      F  - Commercial Real                   3,580,112     .9979       3,587,646        5
  9      F  - Commercial Real                   3,465,064     .9657       3,588,137        3

Random Totals:                                195,322,758               193,185,974      136
 Cat J Exception Values:                       16,026,260                16,501,444
 Cat D1 Exception Values:                       4,105,593                 3,497,894
 Other Exception Values:                                0                         0
Exception Totals(3):                           20,131,853                19,999,338
Test Values(4):                               215,454,611               213,185,312

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     10,659,266
Confidence Interval Values:
  State Lower Limit:                                      202,526,046  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       215,454,611  (Within Confidence Interval Limits)
  State Upper Limit:                                      223,844,578  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       218,762,799  (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.