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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:37                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        129-901-129 Crandall

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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         58,034,303     .9027      64,289,690       10
  2      A  - Single-family Residences         57,887,813     .9239      62,655,929       19
  3      A  - Single-family Residences         58,156,378     .9837      59,120,035       21
  4      A  - Single-family Residences         57,863,398     .9671      59,831,866        9
  5      D  - Rural Real                       64,361,580     .9395      68,506,205       13

Random Totals:                                296,303,472               314,403,725       72
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       5,920,290                 3,817,006
 Other Exception Values:                                0                         0
Exception Totals(3):                            5,920,290                 3,817,006
Test Values(4):                               302,223,762               318,220,731

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     15,911,037
Confidence Interval Values:
  Local Test Value:                                       302,223,762  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      302,309,694  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      334,131,768  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       317,596,991  (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.