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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:55                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        148-902-148 Follett

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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          1,501,783     .9764       1,538,082        7
  2      A  - Single-family Residences          1,508,064    1.0247       1,471,713        6
  3      A  - Single-family Residences          1,518,114     .9070       1,673,775        6
  4      A  - Single-family Residences          1,434,577     .9355       1,533,487        6
  5      D  - Rural Real                        6,421,509     .7741       8,295,451       16
  6      G  - Oil, Gas, Minerals               60,846,648    1.0362      58,720,950       41

Random Totals:                                 73,230,695                73,233,458       82
 Cat J Exception Values:                          848,835                   820,386
 Cat D1 Exception Values:                       8,536,294                11,702,291
 Other Exception Values:                                0                         0
Exception Totals(3):                            9,385,129                12,522,677
Test Values(4):                                82,615,824                85,756,135

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      4,287,807
Confidence Interval Values:
  State Lower Limit:                                       81,468,328  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        82,615,824  (Within Confidence Interval Limits)
  State Upper Limit:                                       90,043,942  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        88,593,718  (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.