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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     13:10                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        033-902-033 Panhandle

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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         12,736,268     .8789      14,491,146       14
  2      A  - Single-family Residences         12,714,826     .8750      14,531,230        8
  3      A  - Single-family Residences         12,736,268     .9178      13,876,954       10
  4      A  - Single-family Residences         12,757,709     .8789      14,515,541        7
  5      D  - Rural Real                       20,347,760     .8482      23,989,342       13
  6      G  - Oil, Gas, Minerals              130,390,370    1.0638     122,570,380       17

Random Totals:                                201,683,201               203,974,593       69
 Cat J Exception Values:                       21,809,262                22,052,435
 Cat D1 Exception Values:                      29,607,370                34,019,991
 Other Exception Values:                                0                         0
Exception Totals(3):                           51,416,632                56,072,426
Test Values(4):                               253,099,833               260,047,019

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     13,002,351
Confidence Interval Values:
  State Lower Limit:                                      247,044,668  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       253,099,833  (Within Confidence Interval Limits)
  State Upper Limit:                                      273,049,370  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       285,468,937  (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.