School and Appraisal Districts' Property Value Study 2003 Final Report



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
                                                        129-906-129 Terrell

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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         89,503,502     .8157     109,726,005       23
  2      A  - Single-family Residences         89,503,502     .8993      99,525,744       30
  3      A  - Single-family Residences         89,503,502     .9612      93,116,419       36
  4      A  - Single-family Residences         89,503,502     .9569      93,534,854       25
  5      D  - Rural Real                      167,008,244     .9906     168,593,018       19
  6      F  - Commercial Real                  31,942,270     .9168      34,841,045       12
  7      F  - Commercial Real                  31,955,725     .8862      36,059,270        7
  8      F  - Commercial Real                  33,287,774     .9359      35,567,661        6
  9      F  - Commercial Real                  30,664,041    1.0104      30,348,417        4
 10      L  - Commercial Personal              31,148,930    1.0452      29,801,885        7
 11      L  - Commercial Personal              32,537,653    1.0457      31,115,667        8
 12      L  - Commercial Personal              37,858,929     .9507      39,822,162        3

Random Totals:                                754,417,574               802,052,147      180
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       9,571,750                 5,339,527
 Other Exception Values:                       25,286,310                26,386,218
Exception Totals(3):                           34,858,060                31,725,745
Test Values(4):                               789,275,634               833,777,892

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     41,688,895
Confidence Interval Values:
  Local Test Value:                                       789,275,634  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      792,088,997  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      875,466,787  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       987,338,728  (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.