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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:11                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        019-909-019 Simms

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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          3,278,386     .9838       3,332,370        7
  2      A  - Single-family Residences          3,300,472     .9760       3,381,631        8
  3      A  - Single-family Residences          3,300,472     .9988       3,304,437        7
  4      A  - Single-family Residences          3,245,257     .9974       3,253,717        7
  5      D  - Rural Real                       34,702,602     .9846      35,245,381       10

Random Totals:                                 47,827,189                48,517,536       39
 Cat J Exception Values:                        3,919,129                 4,077,730
 Cat D1 Exception Values:                       9,036,575                 8,638,389
 Other Exception Values:                                0                         0
Exception Totals(3):                           12,955,704                12,716,119
Test Values(4):                                60,782,893                61,233,655

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      3,061,683
Confidence Interval Values:
  State Lower Limit:                                       58,171,972  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        60,782,893  (Within Confidence Interval Limits)
  State Upper Limit:                                       64,295,338  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        55,020,063  (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.