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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     13:26                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        045-903-045 Rice CISD

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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         74,628,154     .9950      75,003,170       20
  2      D  - Rural Real                       53,267,434     .9876      53,936,243       20
  3      G  - Oil, Gas, Minerals               90,733,656    1.0137      89,507,405       41
  4      L  - Commercial Personal               8,526,330     .7580      11,248,456       11

Random Totals:                                227,155,574               229,695,274       92
 Cat J Exception Values:                       18,962,934                19,309,557
 Cat D1 Exception Values:                      45,383,793                45,564,184
 Other Exception Values:                       24,447,924                25,117,528
Exception Totals(3):                           88,794,651                89,991,269
Test Values(4):                               315,950,225               319,686,543

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     15,984,327
Confidence Interval Values:
  State Lower Limit:                                      303,702,216  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       315,950,225  (Within Confidence Interval Limits)
  State Upper Limit:                                      335,670,870  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       372,090,954  (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.