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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:39                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        211-901-211 Texhoma

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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      D  - Rural Real                        2,453,070     .8460       2,899,610       11
  2      G  - Oil, Gas, Minerals               41,258,400    1.0436      39,534,688       14

Random Totals:                                 43,711,470                42,434,298       25
 Cat J Exception Values:                        4,038,780                 3,904,585
 Cat D1 Exception Values:                      15,488,710                14,522,949
 Other Exception Values:                                0                         0
Exception Totals(3):                           19,527,490                18,427,534
Test Values(4):                                63,238,960                60,861,832

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      3,043,092
Confidence Interval Values:
  State Lower Limit:                                       57,818,740  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        63,238,960  (Within Confidence Interval Limits)
  State Upper Limit:                                       63,904,924  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        87,328,494  (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.