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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:10                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        108-907-108 Mercedes

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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         30,929,724     .9228      33,517,256       13
  2      A  - Single-family Residences         30,942,747     .9614      32,185,092       13
  3      A  - Single-family Residences         30,942,747     .9483      32,629,703       14
  4      A  - Single-family Residences         30,890,655     .9468      32,626,378       14
  5      C  - Vacant Lots                       3,355,430     .9559       3,510,231        7
  6      C  - Vacant Lots                       3,365,336     .9551       3,523,543        8
  7      C  - Vacant Lots                       3,406,377     .9676       3,520,439        8
  8      C  - Vacant Lots                       3,301,653     .9375       3,521,763       11
  9      D  - Rural Real                        8,529,252     .9027       9,448,601       11
 10      F  - Commercial Real                   5,779,271     .9505       6,080,243        8
 11      F  - Commercial Real                   5,823,201     .9640       6,040,665        8
 12      F  - Commercial Real                   5,830,523     .9558       6,100,150        7
 13      F  - Commercial Real                   5,759,746     .9575       6,015,401        5
 14      L  - Commercial Personal               5,111,670    1.0123       5,049,560        7
 15      L  - Commercial Personal               5,128,526     .9958       5,150,157        7
 16      L  - Commercial Personal               5,705,854    1.0094       5,652,718        3

Random Totals:                                184,802,712               194,571,900      144
 Cat J Exception Values:                       10,717,979                10,949,581
 Cat D1 Exception Values:                       7,317,550                 6,941,650
 Other Exception Values:                        3,889,897                 3,948,813
Exception Totals(3):                           21,925,426                21,840,044
Test Values(4):                               206,728,138               216,411,944

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     10,820,597
Confidence Interval Values:
  State Lower Limit:                                      205,591,347  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       206,728,138  (Within Confidence Interval Limits)
  State Upper Limit:                                      227,232,541  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       185,449,576  (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.