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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:17                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        092-901-092 Gladewater

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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         36,478,432     .9436      38,658,788        9
  2      A  - Single-family Residences         36,371,098     .9594      37,910,254       11
  3      A  - Single-family Residences         36,432,432     .9421      38,671,513       14
  4      A  - Single-family Residences         36,401,765     .9917      36,706,428       13
  5      D  - Rural Real                       51,427,088     .8069      63,734,153       20
  6      F  - Commercial Real                   6,545,830     .9257       7,071,222       10
  7      F  - Commercial Real                   6,466,404     .9327       6,932,995        9
  8      F  - Commercial Real                   7,674,232    1.0045       7,639,853        7
  9      G  - Oil, Gas, Minerals              115,015,040    1.0036     114,602,471       25

Random Totals:                                332,812,321               351,927,677      118
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       9,528,470                 7,678,923
 Other Exception Values:                        5,555,120                 5,528,062
Exception Totals(3):                           15,083,590                13,206,985
Test Values(4):                               347,895,911               365,134,662

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     18,256,733
Confidence Interval Values:
  State Lower Limit:                                      346,877,929  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       347,895,911  (Within Confidence Interval Limits)
  State Upper Limit:                                      383,391,395  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       361,737,536  (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.