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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:19                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        248-901-248 Kermit

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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         12,847,034    1.0819      11,874,512       10
  2      A  - Single-family Residences         12,836,220     .9588      13,387,797       10
  3      A  - Single-family Residences         12,841,627     .9438      13,606,301       10
  4      A  - Single-family Residences         12,836,220     .9673      13,270,154        8
  5      G  - Oil, Gas, Minerals              252,133,810    1.0162     248,114,357       18

Random Totals:                                303,494,911               300,253,121       56
 Cat J Exception Values:                       14,293,013                14,844,796
 Cat D1 Exception Values:                         593,530                 1,081,985
 Other Exception Values:                                0                         0
Exception Totals(3):                           14,886,543                15,926,781
Test Values(4):                               318,381,454               316,179,902

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     15,808,995
Confidence Interval Values:
  State Lower Limit:                                      300,370,907  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       318,381,454  (Within Confidence Interval Limits)
  State Upper Limit:                                      331,988,897  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       389,710,891  (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.