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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:26                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        177-905-177 Highland

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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      D  - Rural Real                        6,589,618     .9302       7,084,087       12
  2      G  - Oil, Gas, Minerals                8,616,546    1.0019       8,600,206       12

Random Totals:                                 15,206,164                15,684,293       24
 Cat J Exception Values:                        2,948,749                 3,433,108
 Cat D1 Exception Values:                       5,971,385                 6,712,449
 Other Exception Values:                       11,040,004                11,186,607
Exception Totals(3):                           19,960,138                21,332,164
Test Values(4):                                35,166,302                37,016,457

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,850,823
Confidence Interval Values:
  State Lower Limit:                                       35,165,634  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        35,166,302  (Within Confidence Interval Limits)
  State Upper Limit:                                       38,867,280  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        63,432,885  (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.