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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:07                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        236-901-236 New Waverly

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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          9,888,068    1.1069       8,933,118        7
  2      A  - Single-family Residences          9,867,312    1.0430       9,460,510        8
  3      A  - Single-family Residences          9,883,917     .9909       9,974,687        9
  4      A  - Single-family Residences          9,784,289    1.0674       9,166,469        7
  5      D  - Rural Real                       40,539,230    1.0169      39,865,503       23

Random Totals:                                 79,962,816                77,400,287       54
 Cat J Exception Values:                        7,178,283                 7,492,208
 Cat D1 Exception Values:                       7,628,580                 7,212,094
 Other Exception Values:                                0                         0
Exception Totals(3):                           14,806,863                14,704,302
Test Values(4):                                94,769,679                92,104,589

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      4,605,229
Confidence Interval Values:
  State Lower Limit:                                       87,499,360  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        94,769,679  (Within Confidence Interval Limits)
  State Upper Limit:                                       96,709,818  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       104,560,414  (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.