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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:36                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        105-902-105 San Marcos 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        224,377,490     .9067     247,466,075       40
  2      A  - Single-family Residences        224,283,055     .9663     232,104,993       58
  3      A  - Single-family Residences        224,188,620     .9903     226,384,550       54
  4      A  - Single-family Residences        224,283,055     .9692     231,410,498       31
  5      B  - Multi-family Residences          80,540,401     .9535      84,468,171        9
  6      B  - Multi-family Residences          81,112,325    1.1109      73,014,965        6
  7      B  - Multi-family Residences          81,381,466    1.0056      80,928,268        6
  8      B  - Multi-family Residences          76,671,501    1.1116      68,974,002        4
  9      F  - Commercial Real                  93,164,297    1.0268      90,732,662        7
 10      F  - Commercial Real                  93,752,208    1.0336      90,704,536        7
 11      F  - Commercial Real                  95,986,270    1.1310      84,868,497        6
 12      F  - Commercial Real                  89,440,861     .9903      90,316,935        4
 13      L  - Commercial Personal              43,000,390    1.0359      41,510,175        8
 14      L  - Commercial Personal              42,910,167    1.0233      41,933,125        7
 15      L  - Commercial Personal              44,191,337    1.0688      41,346,685        6
 16      L  - Commercial Personal              41,340,283    1.0154      40,713,298        3

Random Totals:                              1,760,623,726             1,766,877,435      256
 Cat J Exception Values:                       39,857,418                43,336,719
 Cat D1 Exception Values:                       8,511,580                 8,373,201
 Other Exception Values:                                0                         0
Exception Totals(3):                           48,368,998                51,709,920
Test Values(4):                             1,808,992,724             1,818,587,355

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     90,929,368
Confidence Interval Values:
  State Lower Limit:                                    1,727,657,987  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     1,808,992,724  (Within Confidence Interval Limits)
  State Upper Limit:                                    1,909,516,723  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     2,379,412,231  (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.