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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     15:07                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        128-902-128 Kenedy

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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          7,441,227     .9392       7,922,942       15
  2      A  - Single-family Residences          7,428,721     .9923       7,486,366       13
  3      A  - Single-family Residences          7,453,733     .9896       7,532,066       16
  4      A  - Single-family Residences          7,372,442     .9830       7,499,941       15
  5      D  - Rural Real                       12,226,474    1.0735      11,389,356       20
  6      F  - Commercial Real                   2,915,239    1.0377       2,809,327        7
  7      F  - Commercial Real                   2,895,885    1.0373       2,791,753        6
  8      F  - Commercial Real                   3,054,348     .9356       3,264,587        5
  9      F  - Commercial Real                   2,624,925     .9940       2,640,770        3
 10      L  - Commercial Personal               1,510,363     .9622       1,569,698        7
 11      L  - Commercial Personal               1,524,977    1.0756       1,417,792        6
 12      L  - Commercial Personal               1,475,978     .9971       1,480,271        4
 13      L  - Commercial Personal               1,479,416     .9049       1,634,894        2

Random Totals:                                 59,403,728                59,439,763      119
 Cat J Exception Values:                        7,730,249                 7,839,830
 Cat D1 Exception Values:                       6,094,993                 6,347,280
 Other Exception Values:                        9,090,501                 8,963,586
Exception Totals(3):                           22,915,743                23,150,696
Test Values(4):                                82,319,471                82,590,459

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      4,129,523
Confidence Interval Values:
  State Lower Limit:                                       78,460,936  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        82,319,471  (Within Confidence Interval Limits)
  State Upper Limit:                                       86,719,982  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        87,863,697  (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.