School and Appraisal Districts' Property Value Study 2003 Preliminary Report



Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:22                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        250-904-250 Quitman

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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         28,690,446     .9908      28,956,849       18
  2      A  - Single-family Residences         28,738,787    1.0248      28,043,313       16
  3      A  - Single-family Residences         28,750,872    1.0083      28,514,204       10
  4      A  - Single-family Residences         28,654,190     .9990      28,682,873       12
  5      D  - Rural Real                       91,443,538    1.0491      87,163,796       33
  6      F  - Commercial Real                   6,101,630     .9552       6,387,804       10
  7      F  - Commercial Real                   6,195,893     .7561       8,194,542       11
  8      F  - Commercial Real                   6,575,493     .9105       7,221,848        6
  9      G  - Oil, Gas, Minerals               51,281,400    1.0372      49,442,152       11

Random Totals:                                276,432,249               272,607,381      127
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      12,254,970                 7,325,583
 Other Exception Values:                        5,713,020                 6,109,497
Exception Totals(3):                           17,967,990                13,435,080
Test Values(4):                               294,400,239               286,042,461

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     14,302,123
Confidence Interval Values:
  State Lower Limit:                                      271,740,338  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       294,400,239  (Within Confidence Interval Limits)
  State Upper Limit:                                      300,344,584  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       272,629,262  (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.