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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     21:42                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        243-905-243 Wichita Falls

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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        432,301,463    1.0070     429,296,388       50
  2      A  - Single-family Residences        432,301,463     .9722     444,663,097       50
  3      A  - Single-family Residences        432,301,463     .9879     437,596,379       49
  4      A  - Single-family Residences        432,301,463     .9841     439,286,112       49
  5      F  - Commercial Real                 157,691,965     .9929     158,819,584       24
  6      F  - Commercial Real                 158,422,328     .9899     160,038,719        9
  7      F  - Commercial Real                 159,617,467     .9556     167,033,766       11
  8      F  - Commercial Real                 154,903,307     .9991     155,042,846        7
  9      L  - Commercial Personal             113,265,870     .9742     116,265,520        9
 10      L  - Commercial Personal             113,885,591    1.0159     112,103,151        8
 11      L  - Commercial Personal             113,742,579    1.0084     112,795,100        9
 12      L  - Commercial Personal             111,978,758     .9821     114,019,711        6

Random Totals:                              2,812,713,717             2,846,960,373      281
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       1,837,439                 1,546,303
 Other Exception Values:                                0                         0
Exception Totals(3):                            1,837,439                 1,546,303
Test Values(4):                             2,814,551,156             2,848,506,676

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    142,425,334
Confidence Interval Values:
  State Lower Limit:                                    2,706,081,342  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     2,814,551,156  (Within Confidence Interval Limits)
  State Upper Limit:                                    2,990,932,010  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     3,063,478,322  (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.