School and Appraisal Districts' Property Value Study 2003 Preliminary Report



Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     13:55                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        071-903-071 Fabens

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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         15,473,083     .9484      16,314,934       16
  2      A  - Single-family Residences         15,460,075     .9793      15,786,863       15
  3      A  - Single-family Residences         15,453,571     .9891      15,623,871       15
  4      A  - Single-family Residences         15,401,538    1.0224      15,064,102       12
  5      D  - Rural Real                       10,491,108    1.0172      10,313,712       14
  6      F  - Commercial Real                  14,905,922     .9358      15,928,534       14
  7      L  - Commercial Personal               1,688,561     .9292       1,817,220        7
  8      L  - Commercial Personal               1,674,431    1.0039       1,667,926        6
  9      L  - Commercial Personal               1,592,004     .9740       1,634,501        3

Random Totals:                                 92,140,293                94,151,663      102
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      11,835,146                13,383,787
 Other Exception Values:                       19,199,631                19,231,322
Exception Totals(3):                           31,034,777                32,615,109
Test Values(4):                               123,175,070               126,766,772

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      6,338,339
Confidence Interval Values:
  State Lower Limit:                                      120,428,433  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       123,175,070  (Within Confidence Interval Limits)
  State Upper Limit:                                      133,105,111  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       106,062,242  (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.