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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     21:15                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        221-911-221 Jim Ned

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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         14,607,772     .9768      14,954,722        9
  2      A  - Single-family Residences         14,564,808     .9605      15,163,777       10
  3      A  - Single-family Residences         14,681,425     .9729      15,090,374       10
  4      A  - Single-family Residences         14,466,605    1.0059      14,381,753        7
  5      D  - Rural Real                       64,205,138     .9962      64,450,048       21
  6      G  - Oil, Gas, Minerals               14,988,975    1.1551      12,976,344       12

Random Totals:                                137,514,723               137,017,018       69
 Cat J Exception Values:                       10,971,101                11,601,541
 Cat D1 Exception Values:                      14,835,118                14,482,546
 Other Exception Values:                                0                         0
Exception Totals(3):                           25,806,219                26,084,087
Test Values(4):                               163,320,942               163,101,105

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      8,155,055
Confidence Interval Values:
  State Lower Limit:                                      154,946,050  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       163,320,942  (Within Confidence Interval Limits)
  State Upper Limit:                                      171,256,160  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       166,109,982  (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.