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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     12:53                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        017-901-017 Borden

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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      D  - Rural Real                        5,501,530     .9044       6,083,072       14
  2      G  - Oil, Gas, Minerals              255,293,130    1.0321     247,353,096       12

Random Totals:                                260,794,660               253,436,168       26
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       9,238,292                13,903,964
 Other Exception Values:                                0                         0
Exception Totals(3):                            9,238,292                13,903,964
Test Values(4):                               270,032,952               267,340,132

Margin of Error Percent:                                    6.2084109
Margin of Error Value:                                     16,597,574
Confidence Interval Values:
  State Lower Limit:                                      250,742,558  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       270,032,952  (Within Confidence Interval Limits)
  State Upper Limit:                                      283,937,706  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       290,378,895  (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.