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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     18:36                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        090-904-090 Pampa

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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        272,771,926     .9612     283,782,695       88
  2      D  - Rural Real                       34,496,965     .7039      49,008,332       10
  3      F  - Commercial Real                  84,781,220     .9430      89,905,854       11
  4      G  - Oil, Gas, Minerals               44,518,020     .9742      45,697,003       12
  5      L  - Commercial Personal             110,681,044    1.0125     109,314,611       20

Random Totals:                                547,249,175               577,708,495      141
 Cat J Exception Values:                       47,347,985                45,942,546
 Cat D1 Exception Values:                      15,086,830                15,702,483
 Other Exception Values:                                0                         0
Exception Totals(3):                           62,434,815                61,645,029
Test Values(4):                               609,683,990               639,353,524

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     31,967,676
Confidence Interval Values:
  State Lower Limit:                                      607,385,848  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       609,683,990  (Within Confidence Interval Limits)
  State Upper Limit:                                      671,321,200  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       714,122,908  (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.