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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     15:55                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        161-919-161 Bruceville-Eddy

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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         12,249,471     .9402      13,028,580       14
  2      A  - Single-family Residences         12,228,883     .9505      12,865,737       14
  3      A  - Single-family Residences         12,259,764     .9473      12,941,797       13
  4      A  - Single-family Residences         12,161,974     .9939      12,236,617       17
  5      D  - Rural Real                       23,980,781    1.0376      23,111,778       21

Random Totals:                                 72,880,873                74,184,509       79
 Cat J Exception Values:                        7,803,202                 8,169,846
 Cat D1 Exception Values:                       5,032,278                 5,331,769
 Other Exception Values:                                0                         0
Exception Totals(3):                           12,835,480                13,501,615
Test Values(4):                                85,716,353                87,686,124

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      4,384,306
Confidence Interval Values:
  State Lower Limit:                                       83,301,818  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        85,716,353  (Within Confidence Interval Limits)
  State Upper Limit:                                       92,070,430  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        98,897,702  (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.