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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:17                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        246-904-246 Georgetown

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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        556,349,372     .9459     588,169,333       30
  2      A  - Single-family Residences        556,349,372     .9591     580,074,416       30
  3      A  - Single-family Residences        556,349,372     .9780     568,864,389       30
  4      A  - Single-family Residences        556,349,372     .9404     591,609,285       30
  5      D  - Rural Real                      174,314,778     .9265     188,143,311       10
  6      F  - Commercial Real                  77,422,952     .9680      79,982,388       12
  7      F  - Commercial Real                  78,042,075     .9829      79,399,812        6
  8      F  - Commercial Real                  79,508,419     .9405      84,538,457        7
  9      F  - Commercial Real                  74,653,191     .9772      76,394,997        4

Random Totals:                              2,709,338,903             2,837,176,388      159
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       8,482,784                 9,044,871
 Other Exception Values:                                0                         0
Exception Totals(3):                            8,482,784                 9,044,871
Test Values(4):                             2,717,821,687             2,846,221,259

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    142,311,063
Confidence Interval Values:
  State Lower Limit:                                    2,703,910,196  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     2,717,821,687  (Within Confidence Interval Limits)
  State Upper Limit:                                    2,988,532,322  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     3,058,569,282  (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.