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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:48                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        111-903-111 Tolar

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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          4,605,348    1.0052       4,581,524       12
  2      A  - Single-family Residences          4,620,861    1.0950       4,219,964       12
  3      A  - Single-family Residences          4,593,714    1.0796       4,255,015       11
  4      A  - Single-family Residences          4,607,287    1.0723       4,296,640       12
  5      D  - Rural Real                       42,266,340     .8957      47,188,054       20

Random Totals:                                 60,693,550                64,541,197       67
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       6,140,640                 4,772,387
 Other Exception Values:                                0                         0
Exception Totals(3):                            6,140,640                 4,772,387
Test Values(4):                                66,834,190                69,313,584

Margin of Error Percent:                                    6.1179306
Margin of Error Value:                                      4,240,557
Confidence Interval Values:
  State Lower Limit:                                       65,073,027  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        66,834,190  (Within Confidence Interval Limits)
  State Upper Limit:                                       73,554,141  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        70,174,970  (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.