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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:50                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        112-901-112 Sulphur Springs

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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         85,596,032     .9286      92,177,506       45
  2      A  - Single-family Residences         85,596,032     .9703      88,216,049       51
  3      A  - Single-family Residences         85,596,032     .9621      88,967,916       53
  4      A  - Single-family Residences         85,596,032     .9668      88,535,408       31
  5      D  - Rural Real                      129,092,160     .9708     132,975,031       62
  6      F  - Commercial Real                  27,891,971     .8381      33,280,004        7
  7      F  - Commercial Real                  27,856,813     .9451      29,474,990        7
  8      F  - Commercial Real                  27,845,094     .9897      28,134,883        7
  9      F  - Commercial Real                  27,774,778     .9624      28,859,911        5
 10      L  - Commercial Personal              19,558,707     .8268      23,655,911        7
 11      L  - Commercial Personal              19,468,650    1.0599      18,368,384        7
 12      L  - Commercial Personal              22,006,615    1.0315      21,334,576        7

Random Totals:                                643,878,916               673,980,569      289
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      14,680,000                13,754,001
 Other Exception Values:                       19,243,080                18,933,070
Exception Totals(3):                           33,923,080                32,687,071
Test Values(4):                               677,801,996               706,667,640

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     35,333,382
Confidence Interval Values:
  State Lower Limit:                                      671,334,258  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       677,801,996  (Within Confidence Interval Limits)
  State Upper Limit:                                      742,001,022  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       780,293,431  (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.