School and Appraisal Districts' Property Value Study 2003 Preliminary Report



Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:19                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        184-903-184 Weatherford

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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        257,909,646    1.0421     247,490,304       62
  2      A  - Single-family Residences        257,801,052    1.0045     256,646,144       62
  3      A  - Single-family Residences        257,909,646     .9877     261,121,440       62
  4      A  - Single-family Residences        257,801,052     .9846     261,833,285       62
  5      D  - Rural Real                      236,862,240    1.0025     236,271,561       45
  6      F  - Commercial Real                  68,347,193     .9965      68,587,248        9
  7      F  - Commercial Real                  68,490,961     .9976      68,655,735        9
  8      F  - Commercial Real                  68,807,250    1.0485      65,624,464        9
  9      F  - Commercial Real                  67,513,340     .9388      71,914,508        8
 10      L  - Commercial Personal              31,178,770    1.0204      30,555,439        7
 11      L  - Commercial Personal              31,375,606     .8984      34,923,871        7
 12      L  - Commercial Personal              31,769,277    1.0348      30,700,886        6
 13      L  - Commercial Personal              30,352,060    1.0173      29,835,899        3

Random Totals:                              1,666,118,093             1,664,160,784      351
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      10,736,980                 8,362,916
 Other Exception Values:                                0                         0
Exception Totals(3):                           10,736,980                 8,362,916
Test Values(4):                             1,676,855,073             1,672,523,700

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     83,626,185
Confidence Interval Values:
  State Lower Limit:                                    1,588,897,515  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     1,676,855,073  (Within Confidence Interval Limits)
  State Upper Limit:                                    1,756,149,885  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     1,668,057,830  (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.