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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:05                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        107-908-107 Murchison

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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          2,294,290     .9863       2,326,158        7
  2      A  - Single-family Residences          2,289,510     .9863       2,321,312        6
  3      A  - Single-family Residences          2,244,580     .9725       2,308,051        6
  4      A  - Single-family Residences          2,267,523    1.0107       2,243,517        7
  5      D  - Rural Real                        6,721,370     .9241       7,273,423       11
  6      G  - Oil, Gas, Minerals                2,793,831     .9860       2,833,500        6

Random Totals:                                 18,611,104                19,305,961       43
 Cat J Exception Values:                        2,249,970                 2,387,698
 Cat D1 Exception Values:                         539,310                   461,520
 Other Exception Values:                        5,820,349                 5,923,783
Exception Totals(3):                            8,609,629                 8,773,001
Test Values(4):                                27,220,733                28,078,962

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,403,948
Confidence Interval Values:
  State Lower Limit:                                       26,675,014  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        27,220,733  (Within Confidence Interval Limits)
  State Upper Limit:                                       29,482,910  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        26,960,672  (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.