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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     21:23                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        227-912-227 Lago Vista

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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        128,090,716     .9401     136,252,224       61
  2      A  - Single-family Residences        127,982,896     .9584     133,538,080       63
  3      A  - Single-family Residences        128,198,537     .9431     135,933,132       33
  4      A  - Single-family Residences        127,875,075     .9449     135,331,861       17
  5      C  - Vacant Lots                      32,619,233    1.1108      29,365,532       49
  6      C  - Vacant Lots                      32,359,264    1.0250      31,570,014       33
  7      C  - Vacant Lots                      33,016,027     .9969      33,118,695        9
  8      C  - Vacant Lots                      31,935,105     .9195      34,730,946        8
  9      D  - Rural Real                       62,438,770     .8186      76,275,067       16

Random Totals:                                704,515,623               746,115,551      289
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                         387,963                   482,088
 Other Exception Values:                                0                         0
Exception Totals(3):                              387,963                   482,088
Test Values(4):                               704,903,586               746,597,639

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     37,329,882
Confidence Interval Values:
  Local Test Value:                                       704,903,586  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      709,267,757  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      783,927,521  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       705,302,581  (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.