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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
                                                        105-904-105 Dripping Springs

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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        234,153,393     .9416     248,676,076       50
  2      A  - Single-family Residences        234,054,844     .9732     240,500,251       49
  3      A  - Single-family Residences        234,153,393    1.0042     233,174,062       40
  4      A  - Single-family Residences        233,857,745     .9671     241,813,406       29
  5      C  - Vacant Lots                      23,115,940     .9511      24,304,426       11
  6      C  - Vacant Lots                      23,106,211     .9606      24,053,936       17
  7      C  - Vacant Lots                      23,096,482     .9001      25,659,907       16
  8      C  - Vacant Lots                      23,115,940     .9741      23,730,562       13
  9      D  - Rural Real                      199,721,565     .9878     202,188,262       25

Random Totals:                              1,228,375,513             1,264,100,888      250
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       5,336,120                 5,413,838
 Other Exception Values:                                0                         0
Exception Totals(3):                            5,336,120                 5,413,838
Test Values(4):                             1,233,711,633             1,269,514,726

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     63,475,736
Confidence Interval Values:
  State Lower Limit:                                    1,206,038,990  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     1,233,711,633  (Within Confidence Interval Limits)
  State Upper Limit:                                    1,332,990,462  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     1,284,430,838  (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.