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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:09                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        018-902-018 Meridian

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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         10,066,649    1.1229       8,964,867        7
  2      A  - Single-family Residences         10,109,017    1.0505       9,623,053        8
  3      A  - Single-family Residences         10,049,701    1.0556       9,520,369        7
  4      A  - Single-family Residences         10,041,228    1.0980       9,145,016        9
  5      D  - Rural Real                       29,632,540     .9819      30,178,776       10
  6      F  - Commercial Real                   1,646,580    1.0294       1,599,553        7
  7      F  - Commercial Real                   1,671,870    1.0122       1,651,719        6
  8      F  - Commercial Real                   1,593,266     .9289       1,715,218        5

Random Totals:                                 74,810,851                72,398,571       59
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       6,676,840                 6,056,278
 Other Exception Values:                        1,498,160                 1,565,577
Exception Totals(3):                            8,175,000                 7,621,855
Test Values(4):                                82,985,851                80,020,426

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      4,001,021
Confidence Interval Values:
  State Lower Limit:                                       76,019,405  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        82,985,851  (Within Confidence Interval Limits)
  State Upper Limit:                                       84,021,447  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        92,022,423  (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.