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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:34                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        126-903-126 Cleburne

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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        157,176,914     .8078     194,574,046       43
  2      A  - Single-family Residences        157,044,611     .8846     177,531,778       50
  3      A  - Single-family Residences        157,176,914     .8907     176,464,482       50
  4      A  - Single-family Residences        157,044,611     .9677     162,286,464       35
  5      D  - Rural Real                      119,066,140    1.0815     110,093,518       17
  6      F  - Commercial Real                  38,883,726     .9675      40,189,898       11
  7      F  - Commercial Real                  38,916,401     .9639      40,373,899        9
  8      F  - Commercial Real                  39,962,014     .9014      44,333,275       10
  9      F  - Commercial Real                  37,446,008    1.0297      36,365,940        2
 10      L  - Commercial Personal              88,955,081    1.0216      87,074,277       12

Random Totals:                                991,672,420             1,069,287,577      239
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      11,818,580                12,681,414
 Other Exception Values:                                0                         0
Exception Totals(3):                           11,818,580                12,681,414
Test Values(4):                             1,003,491,000             1,081,968,991

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     54,098,450
Confidence Interval Values:
  Local Test Value:                                     1,003,491,000  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                    1,027,870,541  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                    1,136,067,441  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     1,414,333,519  (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.