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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
                                                        246-911-246 Taylor

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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         89,166,488     .9517      93,691,802       30
  2      A  - Single-family Residences         89,279,167     .9487      94,106,848       20
  3      A  - Single-family Residences         89,241,607     .9870      90,417,028       31
  4      A  - Single-family Residences         89,128,928     .9761      91,311,267       18
  5      D  - Rural Real                       40,377,253    1.0292      39,231,688       12
  6      F  - Commercial Real                  16,829,689     .9209      18,275,262        8
  7      F  - Commercial Real                  17,151,921     .9720      17,646,009        7
  8      F  - Commercial Real                  16,535,078     .9523      17,363,308        7
  9      F  - Commercial Real                  16,857,309     .8767      19,228,138        5
 10      L  - Commercial Personal               7,791,664     .9960       7,822,956        7
 11      L  - Commercial Personal               8,014,954    1.0181       7,872,462        6
 12      L  - Commercial Personal               7,873,929    1.0428       7,550,757        5

Random Totals:                                488,247,987               504,517,525      156
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       7,726,746                 8,400,631
 Other Exception Values:                       31,667,349                33,092,457
Exception Totals(3):                           39,394,095                41,493,088
Test Values(4):                               527,642,082               546,010,613

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     27,300,531
Confidence Interval Values:
  State Lower Limit:                                      518,710,082  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       527,642,082  (Within Confidence Interval Limits)
  State Upper Limit:                                      573,311,144  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       594,685,266  (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.