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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     18:40                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        091-903-091 Denison

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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        125,103,404    1.0898     114,794,828       69
  2      A  - Single-family Residences        125,050,751    1.0102     123,788,112       60
  3      A  - Single-family Residences        125,103,404     .9885     126,558,831       77
  4      A  - Single-family Residences        124,945,445     .9986     125,120,614       66
  5      D  - Rural Real                       54,384,283     .8919      60,975,763       15
  6      F  - Commercial Real                  37,936,329    1.0754      35,276,482       17
  7      F  - Commercial Real                  38,223,363    1.0303      37,099,256        6
  8      F  - Commercial Real                  40,057,191    1.0031      39,933,397        6
  9      L  - Commercial Personal              17,816,387     .9732      18,307,015        7
 10      L  - Commercial Personal              18,003,533     .9699      18,562,257       10
 11      L  - Commercial Personal              19,508,195    1.0264      19,006,425        7

Random Totals:                                726,132,285               719,422,980      340
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       3,849,533                 3,029,787
 Other Exception Values:                       43,848,213                44,256,088
Exception Totals(3):                           47,697,746                47,285,875
Test Values(4):                               773,830,031               766,708,855

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     38,335,443
Confidence Interval Values:
  State Lower Limit:                                      728,373,412  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       773,830,031  (Within Confidence Interval Limits)
  State Upper Limit:                                      805,044,298  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       870,565,317  (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.