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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
                                                        161-921-161 Connally

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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         47,993,020    1.0414      46,085,097       16
  2      A  - Single-family Residences         48,073,885     .9357      51,377,455       14
  3      A  - Single-family Residences         47,972,804     .9933      48,296,390       24
  4      A  - Single-family Residences         48,013,237     .9612      49,951,349       13
  5      B  - Multi-family Residences           4,839,821    1.0482       4,617,269        6
  6      B  - Multi-family Residences           5,488,102     .9542       5,751,522        4
  7      D  - Rural Real                       22,503,098     .9993      22,518,861       11
  8      F  - Commercial Real                   5,038,778    1.0260       4,911,090        7
  9      F  - Commercial Real                   4,984,418     .9947       5,010,976        6
 10      F  - Commercial Real                   4,990,690    1.0233       4,877,055        5
 11      F  - Commercial Real                   4,875,698     .9925       4,912,542        4
 12      L  - Commercial Personal               6,846,485     .9849       6,951,452       13
 13      L  - Commercial Personal              10,587,101     .9801      10,802,062        5

Random Totals:                                262,207,137               266,063,120      128
 Cat J Exception Values:                       14,667,240                15,095,856
 Cat D1 Exception Values:                       1,279,872                 1,170,058
 Other Exception Values:                        8,132,751                 8,211,400
Exception Totals(3):                           24,079,863                24,477,314
Test Values(4):                               286,287,000               290,540,434

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     14,527,022
Confidence Interval Values:
  State Lower Limit:                                      276,013,412  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       286,287,000  (Within Confidence Interval Limits)
  State Upper Limit:                                      305,067,456  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       340,595,742  (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.