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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     18:28                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        081-904-081 Teague

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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         15,372,152    1.0152      15,141,994        8
  2      A  - Single-family Residences         15,385,108    1.0412      14,776,323       15
  3      A  - Single-family Residences         15,456,365    1.0287      15,025,143        7
  4      A  - Single-family Residences         15,333,284    1.1011      13,925,424       12
  5      D  - Rural Real                       53,936,050    1.0858      49,674,019       20
  6      G  - Oil, Gas, Minerals              456,576,080    1.0091     452,458,706       41

Random Totals:                                572,059,039               561,001,609      103
 Cat J Exception Values:                       24,587,023                25,800,322
 Cat D1 Exception Values:                       8,723,540                 8,878,622
 Other Exception Values:                                0                         0
Exception Totals(3):                           33,310,563                34,678,944
Test Values(4):                               605,369,602               595,680,553

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     29,784,028
Confidence Interval Values:
  State Lower Limit:                                      565,896,525  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       605,369,602  (Within Confidence Interval Limits)
  State Upper Limit:                                      625,464,581  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       715,385,032  (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.