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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     18:23                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        075-908-075 Round Top-Carmine

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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          6,769,415     .8819       7,675,944        7
  2      A  - Single-family Residences          6,758,028     .9079       7,443,582        8
  3      A  - Single-family Residences          6,806,421     .9225       7,378,234        7
  4      A  - Single-family Residences          6,712,481    1.0440       6,429,580        7
  5      D  - Rural Real                       77,968,920    1.0678      73,018,281       21
  6      G  - Oil, Gas, Minerals               83,112,170    1.0062      82,600,050       31

Random Totals:                                188,127,435               184,545,671       81
 Cat J Exception Values:                        1,457,430                 1,219,839
 Cat D1 Exception Values:                       7,458,440                 6,237,083
 Other Exception Values:                                0                         0
Exception Totals(3):                            8,915,870                 7,456,922
Test Values(4):                               197,043,305               192,002,593

Margin of Error Percent:                                    5.1345103
Margin of Error Value:                                      9,858,393
Confidence Interval Values:
  State Lower Limit:                                      182,144,200  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       197,043,305  (Within Confidence Interval Limits)
  State Upper Limit:                                      201,860,986  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       218,522,906  (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.