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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
                                                        018-906-018 Iredell

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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          1,517,760     .9436       1,608,478        7
  2      A  - Single-family Residences          1,509,453     .9283       1,626,040        7
  3      A  - Single-family Residences          1,542,045     .8424       1,830,538        6
  4      A  - Single-family Residences          1,510,731     .8916       1,694,404        6
  5      D  - Rural Real                       21,761,870     .8559      25,425,716       10

Random Totals:                                 27,841,859                32,185,176       36
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       7,344,870                 6,659,325
 Other Exception Values:                                0                         0
Exception Totals(3):                            7,344,870                 6,659,325
Test Values(4):                                35,186,729                38,844,501

Margin of Error Percent:                                    5.2331448
Margin of Error Value:                                      2,032,789
Confidence Interval Values:
  Local Test Value:                                        35,186,729  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                       36,811,712  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                       40,877,290  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        40,030,444  (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.