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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
                                                        129-904-129 Kemp

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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         23,927,993     .8586      27,868,615        9
  2      A  - Single-family Residences         23,917,922    1.0019      23,872,564       14
  3      A  - Single-family Residences         23,948,134     .8835      27,105,981        9
  4      A  - Single-family Residences         23,877,639     .9701      24,613,585        9
  5      D  - Rural Real                      100,899,916     .8971     112,473,432       31

Random Totals:                                196,571,604               215,934,177       72
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       8,763,324                 5,089,951
 Other Exception Values:                                0                         0
Exception Totals(3):                            8,763,324                 5,089,951
Test Values(4):                               205,334,928               221,024,128

Margin of Error Percent:                                    5.3932510
Margin of Error Value:                                     11,920,386
Confidence Interval Values:
  Local Test Value:                                       205,334,928  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      209,103,742  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      232,944,514  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       219,599,994  (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.