Skip to content
Quick Start for:




Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:49                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        001-904-001 Frankston

------------------------------------------------------------------------------------------------------------------------------------
                                                              (1)                         (2)
  (1)                  (1)                        (1)       Stratum         (1)         Sample
Stratum              Category                 Local Value    Ratio      State Value      Size
------------------------------------------------------------------------------------------------------------------------------------
  1      A  - Single-family Residences         17,841,772    1.0207      17,479,937        7
  2      A  - Single-family Residences         17,759,310     .9043      19,638,737        9
  3      A  - Single-family Residences         17,871,758     .9290      19,237,630        9
  4      A  - Single-family Residences         17,751,813     .9890      17,949,255        7
  5      D  - Rural Real                       38,800,820     .8827      43,956,973       10

Random Totals:                                110,025,473               118,262,532       42
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       5,367,020                 5,339,097
 Other Exception Values:                       59,489,364                59,951,887
Exception Totals(3):                           64,856,384                65,290,984
Test Values(4):                               174,881,857               183,553,516

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      9,177,676
Confidence Interval Values:
  State Lower Limit:                                      174,375,840  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       174,881,857  (Within Confidence Interval Limits)
  State Upper Limit:                                      192,731,192  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       175,303,007  (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.