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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:03                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        105-902-105 San Marcos CISD

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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        224,407,637     .9067     247,499,324       40
  2      A  - Single-family Residences        224,313,189     .9663     232,136,178       58
  3      A  - Single-family Residences        224,218,741     .9903     226,414,966       54
  4      A  - Single-family Residences        224,313,189     .9692     231,441,590       31
  5      B  - Multi-family Residences          79,516,909     .9535      83,394,766        9
  6      B  - Multi-family Residences          80,081,565    1.1109      72,087,105        6
  7      B  - Multi-family Residences          80,347,286    1.0056      79,899,847        6
  8      B  - Multi-family Residences          75,697,174    1.1116      68,097,494        4
  9      F  - Commercial Real                  93,164,297    1.0268      90,732,662        7
 10      F  - Commercial Real                  93,752,208    1.0336      90,704,536        7
 11      F  - Commercial Real                  95,986,270    1.1310      84,868,497        6
 12      F  - Commercial Real                  89,440,861     .9903      90,316,935        4
 13      L  - Commercial Personal              42,761,173    1.0359      41,279,248        8
 14      L  - Commercial Personal              42,671,451    1.0233      41,699,845        7
 15      L  - Commercial Personal              43,945,494    1.0688      41,116,667        6
 16      L  - Commercial Personal              41,110,301    1.0154      40,486,804        3

Random Totals:                              1,755,727,745             1,762,176,464      256
 Cat J Exception Values:                       39,857,418                42,876,266
 Cat D1 Exception Values:                       8,539,040                 8,398,761
 Other Exception Values:                                0                         0
Exception Totals(3):                           48,396,458                51,275,027
Test Values(4):                             1,804,124,203             1,813,451,491

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     90,672,575
Confidence Interval Values:
  State Lower Limit:                                    1,722,778,916  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     1,804,124,203  (Within Confidence Interval Limits)
  State Upper Limit:                                    1,904,124,066  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     2,369,518,317  (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.