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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
                                                        184-907-184 Aledo

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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        163,003,821     .9742     167,320,695       38
  2      A  - Single-family Residences        163,003,821     .9919     164,334,934       45
  3      A  - Single-family Residences        163,347,131    1.0026     162,923,530       38
  4      A  - Single-family Residences        162,866,496     .9926     164,080,693       47
  5      D  - Rural Real                      175,942,970     .9981     176,277,898       29

Random Totals:                                828,164,239               834,937,750      197
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       5,536,480                 4,169,385
 Other Exception Values:                                0                         0
Exception Totals(3):                            5,536,480                 4,169,385
Test Values(4):                               833,700,719               839,107,135

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     41,955,357
Confidence Interval Values:
  State Lower Limit:                                      797,151,778  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       833,700,719  (Within Confidence Interval Limits)
  State Upper Limit:                                      881,062,492  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       921,760,917  (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.