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 001-907-001 Palestine ------------------------------------------------------------------------------------------------------------------------------------ (1) (2) (1) (1) (1) Stratum (1) Sample Stratum Category Local Value Ratio State Value Size ------------------------------------------------------------------------------------------------------------------------------------ 1 A - Single-family Residences 70,999,640 1.0590 67,044,042 32 2 A - Single-family Residences 71,029,535 .9926 71,559,072 35 3 A - Single-family Residences 71,029,535 1.0109 70,263,661 36 4 A - Single-family Residences 70,939,851 .9967 71,174,728 29 5 D - Rural Real 120,696,350 .9213 131,006,567 50 6 F - Commercial Real 31,637,638 1.0183 31,069,074 11 7 F - Commercial Real 31,996,402 .9961 32,121,677 9 8 F - Commercial Real 31,305,449 1.0595 29,547,380 8 9 F - Commercial Real 31,332,025 .9960 31,457,856 3 10 L - Commercial Personal 21,314,350 1.0052 21,204,089 8 11 L - Commercial Personal 21,583,810 1.1102 19,441,371 8 12 L - Commercial Personal 24,700,574 1.0637 23,221,373 7 Random Totals: 598,565,159 599,110,890 236 Cat J Exception Values: 0 0 Cat D1 Exception Values: 12,455,070 9,539,030 Other Exception Values: 18,027,170 16,751,338 Exception Totals(3): 30,482,240 26,290,368 Test Values(4): 629,047,399 625,401,258 Margin of Error Percent: 5.0000000 Margin of Error Value: 31,270,063 Confidence Interval Values: State Lower Limit: 594,131,195 (State Test Value Minus Margin of Error Value) Local Test Value: 629,047,399 (Within Confidence Interval Limits) State Upper Limit: 656,671,321 (State Test Value Plus Margin of Error Value) Value Assigned (5): 677,216,228 (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.
