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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:34                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        104-907-104 Paint Creek

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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            755,143     .8551         883,105       10
  2      A  - Single-family Residences            751,015     .9167         819,259        8
  3      A  - Single-family Residences            768,481     .9831         781,692       12
  4      A  - Single-family Residences            743,394     .9887         751,890        8
  5      D  - Rural Real                        2,964,225     .9370       3,163,527       21
  6      G  - Oil, Gas, Minerals                3,652,410    1.1365       3,213,735       30

Random Totals:                                  9,634,668                 9,613,208       89
 Cat J Exception Values:                        6,792,875                 7,211,966
 Cat D1 Exception Values:                       9,178,430                 8,504,735
 Other Exception Values:                                0                         0
Exception Totals(3):                           15,971,305                15,716,701
Test Values(4):                                25,605,973                25,329,909

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,266,495
Confidence Interval Values:
  State Lower Limit:                                       24,063,414  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        25,605,973  (Within Confidence Interval Limits)
  State Upper Limit:                                       26,596,404  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        35,501,689  (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.