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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:24                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        175-905-175 Frost

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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          2,640,070     .9608       2,747,783       16
  2      A  - Single-family Residences          2,681,304     .9534       2,812,360       15
  3      A  - Single-family Residences          2,646,757    1.0203       2,594,097       16
  4      A  - Single-family Residences          2,621,125    1.0940       2,395,910       16
  5      D  - Rural Real                       15,101,846    1.0430      14,479,239       29

Random Totals:                                 25,691,102                25,029,389       92
 Cat J Exception Values:                        3,254,650                 3,440,767
 Cat D1 Exception Values:                       5,431,420                 4,623,946
 Other Exception Values:                                0                         0
Exception Totals(3):                            8,686,070                 8,064,713
Test Values(4):                                34,377,172                33,094,102

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,654,705
Confidence Interval Values:
  State Lower Limit:                                       31,439,397  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        34,377,172  (Within Confidence Interval Limits)
  State Upper Limit:                                       34,748,807  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        39,245,564  (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.