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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
                                                        018-904-018 Valley Mills

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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          9,204,452    1.0386       8,862,365        7
  2      A  - Single-family Residences          9,212,187     .9943       9,264,997        8
  3      A  - Single-family Residences          9,146,441    1.0140       9,020,159        7
  4      A  - Single-family Residences          9,177,381    1.0535       8,711,325        9
  5      D  - Rural Real                       40,168,470     .8265      48,600,690       10

Random Totals:                                 76,908,931                84,459,536       41
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       8,568,920                 7,945,453
 Other Exception Values:                                0                         0
Exception Totals(3):                            8,568,920                 7,945,453
Test Values(4):                                85,477,851                92,404,989

Margin of Error Percent:                                    5.1338310
Margin of Error Value:                                      4,743,916
Confidence Interval Values:
  Local Test Value:                                        85,477,851  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                       87,661,073  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                       97,148,905  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       116,648,075  (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.