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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     13:28                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        048-903-048 Paint Rock

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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          4,020,257     .9828       4,090,616        7
  2      A  - Single-family Residences          4,010,134     .9786       4,097,828        7
  3      A  - Single-family Residences          4,018,570    1.0040       4,002,560        7
  4      A  - Single-family Residences          3,991,577    1.0431       3,826,648        7
  5      C  - Vacant Lots                       1,241,577    1.0444       1,188,795        7
  6      C  - Vacant Lots                       1,247,860    1.0034       1,243,632        7
  7      C  - Vacant Lots                       1,265,664     .9593       1,319,362        8
  8      C  - Vacant Lots                       1,201,779     .9534       1,260,519        7
  9      D  - Rural Real                        7,357,880     .9969       7,380,760        9

Random Totals:                                 28,355,298                28,410,720       66
 Cat J Exception Values:                        4,488,000                 4,466,772
 Cat D1 Exception Values:                      13,044,730                12,042,220
 Other Exception Values:                                0                         0
Exception Totals(3):                           17,532,730                16,508,992
Test Values(4):                                45,888,028                44,919,712

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      2,245,986
Confidence Interval Values:
  State Lower Limit:                                       42,673,726  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        45,888,028  (Within Confidence Interval Limits)
  State Upper Limit:                                       47,165,698  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        55,414,788  (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.