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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:05                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        170-906-170 Magnolia

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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        286,255,912     .9969     287,146,065       19
  2      A  - Single-family Residences        286,135,434     .9702     294,924,174       19
  3      A  - Single-family Residences        286,014,956    1.0083     283,660,573       19
  4      A  - Single-family Residences        286,135,434     .9603     297,964,630       16
  5      C  - Vacant Lots                      40,900,915    1.0342      39,548,361       13
  6      C  - Vacant Lots                      40,969,743     .9684      42,306,633       17
  7      C  - Vacant Lots                      40,746,052    1.0021      40,660,665       14
  8      C  - Vacant Lots                      40,849,294    1.1980      34,097,908       16
  9      D  - Rural Real                      105,839,982    1.0268     103,077,505       10
 10      G  - Oil, Gas, Minerals               15,897,670     .9803      16,217,148       12

Random Totals:                              1,429,745,392             1,439,603,662      155
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      22,020,170                21,523,248
 Other Exception Values:                       31,805,000                31,657,667
Exception Totals(3):                           53,825,170                53,180,915
Test Values(4):                             1,483,570,562             1,492,784,577

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     74,639,229
Confidence Interval Values:
  State Lower Limit:                                    1,418,145,348  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     1,483,570,562  (Within Confidence Interval Limits)
  State Upper Limit:                                    1,567,423,806  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     1,589,619,509  (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.