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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
                                                        175-911-175 Rice

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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          2,350,171     .8952       2,625,303       11
  2      A  - Single-family Residences          2,363,996     .8811       2,683,005       10
  3      A  - Single-family Residences          2,350,171     .9661       2,432,637       10
  4      A  - Single-family Residences          2,316,598    1.0337       2,241,074       10
  5      D  - Rural Real                       21,706,866    1.2330      17,604,920       20

Random Totals:                                 31,087,802                27,586,939       61
 Cat J Exception Values:                        5,388,140                 5,713,891
 Cat D1 Exception Values:                       3,691,110                 3,073,099
 Other Exception Values:                                0                         0
Exception Totals(3):                            9,079,250                 8,786,990
Test Values(4):                                40,167,052                36,373,929

Margin of Error Percent:                                    8.0466039
Margin of Error Value:                                      2,926,866
Confidence Interval Values:
  State Lower Limit:                                       33,447,063  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                       39,300,795  (State Test Value Plus Margin of Error Value)
  Local Test Value:                                        40,167,052  (Outside of ConfidenceInterval Limits)
Value Assigned (5):                                        48,380,497  (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.