School and Appraisal Districts' Property Value Study 2003 Final Report



Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:58                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        057-911-057 Highland Park

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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      1,746,517,366     .9977   1,750,543,616       69
  2      A  - Single-family Residences      1,746,517,366    1.0208   1,710,930,022      100
  3      A  - Single-family Residences      1,747,252,742    1.0356   1,687,188,820       79
  4      A  - Single-family Residences      1,746,517,366    1.0221   1,708,753,905       35
  5      B  - Multi-family Residences          94,167,994     .5932     158,745,775       13
  6      B  - Multi-family Residences          94,604,508     .8566     110,441,873       10
  7      B  - Multi-family Residences          94,604,508     .9832      96,221,021       18
  8      B  - Multi-family Residences          93,731,480     .9725      96,381,985        6
  9      F  - Commercial Real                 161,613,242     .8952     180,533,112        7
 10      F  - Commercial Real                 156,010,472     .9976     156,385,798        5
 11      F  - Commercial Real                 179,088,550     .9959     179,825,836        5
 12      F  - Commercial Real                 137,467,970    1.0020     137,193,583        2

Random Totals:                              7,998,093,564             7,973,145,346      349
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                               0                         0
 Other Exception Values:                                0                         0
Exception Totals(3):                                    0                         0
Test Values(4):                             7,998,093,564             7,973,145,346

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    398,657,267
Confidence Interval Values:
  State Lower Limit:                                    7,574,488,079  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     7,998,093,564  (Within Confidence Interval Limits)
  State Upper Limit:                                    8,371,802,613  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     7,476,874,991  (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.