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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
                                                        246-908-246 Liberty Hill

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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         79,782,053     .9489      84,078,462       24
  2      A  - Single-family Residences         79,815,645     .9628      82,899,507       32
  3      A  - Single-family Residences         79,983,607     .9373      85,334,052       25
  4      A  - Single-family Residences         79,614,091     .9401      84,686,832       17
  5      C  - Vacant Lots                      16,326,177     .8848      18,451,828       10
  6      C  - Vacant Lots                      13,204,812     .9611      13,739,270       20
  7      C  - Vacant Lots                      14,768,622     .9467      15,600,108       13
  8      C  - Vacant Lots                      14,743,601     .9844      14,977,246       16
  9      D  - Rural Real                       74,198,301    1.0076      73,638,647       18
 10      F  - Commercial Real                   7,955,487     .9370       8,490,381        9
 11      F  - Commercial Real                   7,905,620     .8506       9,294,169        7
 12      F  - Commercial Real                   8,587,139     .9966       8,616,435        4

Random Totals:                                476,885,155               499,806,937      195
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       3,141,087                 3,271,728
 Other Exception Values:                        5,850,058                 6,383,062
Exception Totals(3):                            8,991,145                 9,654,790
Test Values(4):                               485,876,300               509,461,727

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     25,473,086
Confidence Interval Values:
  State Lower Limit:                                      483,988,641  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       485,876,300  (Within Confidence Interval Limits)
  State Upper Limit:                                      534,934,813  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       502,559,709  (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.