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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     15:42                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        152-903-152 Slaton

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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         29,802,374     .9881      30,161,293       35
  2      A  - Single-family Residences         29,789,836    1.0051      29,638,679       34
  3      A  - Single-family Residences         29,827,449    1.0361      28,788,195       18
  4      A  - Single-family Residences         29,689,533     .9076      32,712,134       13
  5      D  - Rural Real                       13,529,236     .9660      14,005,420       10
  6      F  - Commercial Real                   3,301,053     .9324       3,540,383        7
  7      F  - Commercial Real                   3,334,313    1.0332       3,227,171        6
  8      F  - Commercial Real                   3,702,945    1.0072       3,676,474        4
  9      L  - Commercial Personal               3,078,124     .9633       3,195,395        7
 10      L  - Commercial Personal               3,196,709     .9595       3,331,640        7
 11      L  - Commercial Personal               3,254,089     .9993       3,256,368        6
 12      L  - Commercial Personal               2,592,305    1.0189       2,544,219        2

Random Totals:                                155,097,966               158,077,371      149
 Cat J Exception Values:                       50,178,896                46,944,082
 Cat D1 Exception Values:                       6,429,703                 4,804,778
 Other Exception Values:                        3,119,053                 2,951,358
Exception Totals(3):                           59,727,652                54,700,218
Test Values(4):                               214,825,618               212,777,589

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     10,638,879
Confidence Interval Values:
  State Lower Limit:                                      202,138,710  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       214,825,618  (Within Confidence Interval Limits)
  State Upper Limit:                                      223,416,468  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       203,369,794  (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.