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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:41                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        043-919-043 Lovejoy

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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        167,178,485    1.0077     165,901,047       57
  2      A  - Single-family Residences        167,037,763    1.0067     165,926,058       68
  3      A  - Single-family Residences        167,037,763     .9917     168,435,780       42
  4      A  - Single-family Residences        167,319,208     .9802     170,699,049       21
  5      C  - Vacant Lots                      12,841,508     .9990      12,854,362        8
  6      C  - Vacant Lots                      12,000,954     .9484      12,653,895        7
  7      C  - Vacant Lots                      12,244,986     .9702      12,621,095       19
  8      C  - Vacant Lots                      12,282,946    1.0173      12,074,065        5

Random Totals:                                717,943,613               721,165,351      227
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                         358,349                   306,248
 Other Exception Values:                                0                         0
Exception Totals(3):                              358,349                   306,248
Test Values(4):                               718,301,962               721,471,599

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     36,073,580
Confidence Interval Values:
  State Lower Limit:                                      685,398,019  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       718,301,962  (Within Confidence Interval Limits)
  State Upper Limit:                                      757,545,179  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       784,529,826  (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.