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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:17                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        182-906-182 Palo Pinto

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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         36,618,437     .9829      37,255,506       17
  2      A  - Single-family Residences         36,772,750     .9589      38,348,889        8
  3      A  - Single-family Residences         36,819,044    1.0000      36,819,044       16
  4      A  - Single-family Residences         36,433,262    1.0172      35,817,206        5
  5      C  - Vacant Lots                      11,148,663    1.7039       6,543,027       16
  6      C  - Vacant Lots                      11,125,212     .9570      11,625,091       13
  7      C  - Vacant Lots                      11,148,663     .9097      12,255,318        6
  8      C  - Vacant Lots                      11,087,690     .9438      11,747,923        6
  9      D  - Rural Real                        8,004,711    1.1430       7,003,247       10

Random Totals:                                199,158,432               197,415,251       97
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       4,810,410                 5,187,824
 Other Exception Values:                                0                         0
Exception Totals(3):                            4,810,410                 5,187,824
Test Values(4):                               203,968,842               202,603,075

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     10,130,154
Confidence Interval Values:
  State Lower Limit:                                      192,472,921  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       203,968,842  (Within Confidence Interval Limits)
  State Upper Limit:                                      212,733,229  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       233,584,663  (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.