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Date:   1/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:      9:04                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        116-901-116 Caddo Mills

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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         20,884,106     .8342      25,034,891        7
  2      A  - Single-family Residences         20,857,748     .9434      22,109,124        7
  3      A  - Single-family Residences         20,919,249     .9419      22,209,628        7
  4      A  - Single-family Residences         20,831,390     .9374      22,222,520        8
  5      D  - Rural Real                       39,465,280    1.0555      37,390,128       23
  6      F  - Commercial Real                   2,571,960     .9402       2,735,546        7
  7      F  - Commercial Real                   2,489,267     .9379       2,654,086        5
  8      F  - Commercial Real                   2,557,118     .9543       2,679,575        5
  9      F  - Commercial Real                   2,477,606     .9506       2,606,360        4

Random Totals:                                133,053,724               139,641,858       73
 Cat J Exception Values:                        4,867,077                 5,108,724
 Cat D1 Exception Values:                       3,583,430                 3,577,208
 Other Exception Values:                                0                         0
Exception Totals(3):                            8,450,507                 8,685,932
Test Values(4):                               141,504,231               148,327,790

Margin of Error Percent:                                    6.3721748
Margin of Error Value:                                      9,451,706
Confidence Interval Values:
  State Lower Limit:                                      138,876,084  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       141,504,231  (Within Confidence Interval Limits)
  State Upper Limit:                                      157,779,496  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       164,698,945  (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.