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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     18:14                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        070-912-070 Waxahachie

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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        209,155,298    1.0282     203,418,885       14
  2      A  - Single-family Residences        209,067,269     .9956     209,991,230       14
  3      A  - Single-family Residences        209,067,269    1.0375     201,510,621       13
  4      A  - Single-family Residences        209,067,269     .9868     211,863,872       14
  5      D  - Rural Real                       92,803,940     .9906      93,684,575       23
  6      F  - Commercial Real                  42,524,481    1.0273      41,394,414       14
  7      F  - Commercial Real                  42,168,181     .9625      43,811,097        7
  8      F  - Commercial Real                  42,435,406     .7982      53,163,876        8
  9      L  - Commercial Personal              19,495,185     .9382      20,779,349        7
 10      L  - Commercial Personal              19,470,622    1.0147      19,188,550        6
 11      L  - Commercial Personal              20,043,769     .9696      20,672,204        6
 12      L  - Commercial Personal              18,799,221    1.0037      18,729,920        4

Random Totals:                              1,134,097,910             1,138,208,593      130
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       9,898,360                10,781,020
 Other Exception Values:                       27,592,160                32,518,454
Exception Totals(3):                           37,490,520                43,299,474
Test Values(4):                             1,171,588,430             1,181,508,067

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     59,075,403
Confidence Interval Values:
  State Lower Limit:                                    1,122,432,664  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     1,171,588,430  (Within Confidence Interval Limits)
  State Upper Limit:                                    1,240,583,470  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     1,722,029,357  (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.