School and Appraisal Districts' Property Value Study 2003 Preliminary Report



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
                                                        170-907-170 Splendora

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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         34,550,646    1.0659      32,414,529       11
  2      A  - Single-family Residences         34,521,563     .9409      36,689,938       12
  3      A  - Single-family Residences         34,594,271     .9612      35,990,711       11
  4      A  - Single-family Residences         34,463,397     .9949      34,640,061       11
  5      C  - Vacant Lots                       5,610,293     .9880       5,678,434        7
  6      C  - Vacant Lots                       5,607,925     .9794       5,725,878        7
  7      C  - Vacant Lots                       5,622,134     .9826       5,721,691       10
  8      C  - Vacant Lots                       5,586,611    1.0059       5,553,843        7
  9      D  - Rural Real                       18,169,635     .9748      18,639,347       10
 10      L  - Commercial Personal               2,899,002     .9082       3,192,030        7
 11      L  - Commercial Personal               2,962,716     .9763       3,034,637        6
 12      L  - Commercial Personal               3,576,579     .9113       3,924,700        3

Random Totals:                                188,164,772               191,205,799      102
 Cat J Exception Values:                       19,722,991                20,268,809
 Cat D1 Exception Values:                      10,160,052                10,103,326
 Other Exception Values:                        2,195,565                 2,195,565
Exception Totals(3):                           32,078,608                32,567,700
Test Values(4):                               220,243,380               223,773,499

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     11,188,675
Confidence Interval Values:
  State Lower Limit:                                      212,584,824  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       220,243,380  (Within Confidence Interval Limits)
  State Upper Limit:                                      234,962,174  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       203,505,685  (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.