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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:58                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        208-901-208 Hermleigh

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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          1,195,394    1.0409       1,148,423       10
  2      A  - Single-family Residences          1,187,003     .9972       1,190,336        6
  3      A  - Single-family Residences          1,142,583    1.0354       1,103,518        6
  4      A  - Single-family Residences          1,162,819    1.0773       1,079,383        5
  5      D  - Rural Real                        9,761,700    1.0193       9,576,866       15

Random Totals:                                 14,449,499                14,098,526       42
 Cat J Exception Values:                        7,196,238                 7,464,218
 Cat D1 Exception Values:                      12,197,790                13,912,208
 Other Exception Values:                                0                         0
Exception Totals(3):                           19,394,028                21,376,426
Test Values(4):                                33,843,527                35,474,952

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,773,748
Confidence Interval Values:
  State Lower Limit:                                       33,701,204  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        33,843,527  (Within Confidence Interval Limits)
  State Upper Limit:                                       37,248,700  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        34,083,290  (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.