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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     15:20                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        137-904-137 Santa Gertrudis

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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      D  - Rural Real                        4,370,623     .9555       4,574,174       10
  2      G  - Oil, Gas, Minerals               53,837,428     .9421      57,146,193        7

Random Totals:                                 58,208,051                61,720,367       17
 Cat J Exception Values:                        6,292,220                 7,082,575
 Cat D1 Exception Values:                      11,678,363                13,870,190
 Other Exception Values:                       56,961,698                58,007,845
Exception Totals(3):                           74,932,281                78,960,610
Test Values(4):                               133,140,332               140,680,977

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      7,034,049
Confidence Interval Values:
  Local Test Value:                                       133,140,332  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      133,646,928  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      147,715,026  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       154,570,115  (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.