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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     18:35                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        089-905-089 Waelder

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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          2,265,487    1.0164       2,228,933        7
  2      A  - Single-family Residences          2,304,712    1.1102       2,075,943        8
  3      A  - Single-family Residences          2,288,448    1.0293       2,223,305        9
  4      A  - Single-family Residences          2,234,872    1.0508       2,126,829        6
  5      D  - Rural Real                       36,615,590    1.0004      36,600,950       25

Random Totals:                                 45,709,109                45,255,960       55
 Cat J Exception Values:                        5,143,157                 5,630,786
 Cat D1 Exception Values:                       7,715,760                 7,409,809
 Other Exception Values:                                0                         0
Exception Totals(3):                           12,858,917                13,040,595
Test Values(4):                                58,568,026                58,296,555

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      2,914,828
Confidence Interval Values:
  State Lower Limit:                                       55,381,727  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        58,568,026  (Within Confidence Interval Limits)
  State Upper Limit:                                       61,211,383  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        78,852,095  (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.