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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:48                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        198-906-198 Mumford

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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                        2,096,340    1.0732       1,953,354       10
  2      G  - Oil, Gas, Minerals               22,632,840    1.0433      21,693,511       30

Random Totals:                                 24,729,180                23,646,865       40
 Cat J Exception Values:                        3,704,624                 3,865,474
 Cat D1 Exception Values:                       4,632,670                 5,084,795
 Other Exception Values:                                0                         0
Exception Totals(3):                            8,337,294                 8,950,269
Test Values(4):                                33,066,474                32,597,134

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,629,857
Confidence Interval Values:
  State Lower Limit:                                       30,967,277  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        33,066,474  (Within Confidence Interval Limits)
  State Upper Limit:                                       34,226,991  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        35,210,719  (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.