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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     12:45                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        011-904-011 Smithville

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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         54,675,559     .8994      60,791,149       18
  2      A  - Single-family Residences         54,675,559     .9846      55,530,732       18
  3      A  - Single-family Residences         54,790,665     .9736      56,276,361       29
  4      A  - Single-family Residences         54,560,453    1.0735      50,824,828       18
  5      D  - Rural Real                      127,321,142    1.0325     123,313,455       61
  6      F  - Commercial Real                   5,786,890     .9516       6,081,221        7
  7      F  - Commercial Real                   5,948,384     .9853       6,037,130        9
  8      F  - Commercial Real                   5,928,809    1.0403       5,699,134        5
  9      F  - Commercial Real                   5,591,139     .8955       6,243,595        3

Random Totals:                                369,278,600               370,797,605      168
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       8,885,176                10,954,691
 Other Exception Values:                                0                         0
Exception Totals(3):                            8,885,176                10,954,691
Test Values(4):                               378,163,776               381,752,296

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     19,087,615
Confidence Interval Values:
  State Lower Limit:                                      362,664,681  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       378,163,776  (Within Confidence Interval Limits)
  State Upper Limit:                                      400,839,911  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       393,519,735  (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.