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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     15:50                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        160-901-160 Brady

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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         20,313,792     .9077      22,379,412       13
  2      A  - Single-family Residences         20,305,246     .9848      20,618,649       15
  3      A  - Single-family Residences         20,288,154     .8789      23,083,575       11
  4      A  - Single-family Residences         20,279,608     .9125      22,224,228       11
  5      D  - Rural Real                       23,134,480    1.0694      21,633,140       13
  6      F  - Commercial Real                   5,850,530     .7359       7,950,170        8
  7      F  - Commercial Real                   5,779,510     .9413       6,139,924        7
  8      F  - Commercial Real                   6,019,507    1.0243       5,876,703        6
  9      F  - Commercial Real                   5,615,431     .8596       6,532,609        5
 10      L  - Commercial Personal               3,576,663     .9626       3,715,627        7
 11      L  - Commercial Personal               3,663,497    1.0862       3,372,765        6
 12      L  - Commercial Personal               3,892,559    1.0323       3,770,763        5

Random Totals:                                138,718,977               147,297,565      107
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      23,455,680                24,119,438
 Other Exception Values:                        4,117,850                 4,050,932
Exception Totals(3):                           27,573,530                28,170,370
Test Values(4):                               166,292,507               175,467,935

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      8,773,397
Confidence Interval Values:
  Local Test Value:                                       166,292,507  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      166,694,538  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      184,241,332  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       207,462,824  (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.