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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
                                                        246-905-246 Granger

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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          9,392,611     .9461       9,927,715       15
  2      A  - Single-family Residences          9,416,390     .9858       9,552,029       15
  3      A  - Single-family Residences          9,420,353     .9434       9,985,534       13
  4      A  - Single-family Residences          9,436,205     .9343      10,099,759        7
  5      D  - Rural Real                       26,813,006     .9529      28,138,321       21
  6      F  - Commercial Real                     687,651     .7988         860,855        8

Random Totals:                                 65,166,216                68,564,213       79
 Cat J Exception Values:                        5,961,040                 6,269,449
 Cat D1 Exception Values:                       9,469,482                10,342,783
 Other Exception Values:                        3,101,613                 3,276,573
Exception Totals(3):                           18,532,135                19,888,805
Test Values(4):                                83,698,351                88,453,018

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      4,422,651
Confidence Interval Values:
  Local Test Value:                                        83,698,351  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                       84,030,367  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                       92,875,669  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        72,798,026  (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.