School and Appraisal Districts' Property Value Study 2003 Final Report



Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     18:00                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        059-901-059 Hereford

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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         49,663,153    1.0294      48,244,757       25
  2      A  - Single-family Residences         49,558,687     .9964      49,737,743       27
  3      A  - Single-family Residences         49,642,260    1.0005      49,617,451       34
  4      A  - Single-family Residences         49,621,367    1.0056      49,345,035       24
  5      D  - Rural Real                       46,694,980     .9787      47,711,229       14
  6      F  - Commercial Real                  13,160,806     .9418      13,974,099        7
  7      F  - Commercial Real                  13,238,450     .9588      13,807,311        8
  8      F  - Commercial Real                  13,288,365    1.0370      12,814,238        7
  9      F  - Commercial Real                  12,999,970     .9472      13,724,630        6
 10      L  - Commercial Personal              13,811,398     .9764      14,145,225        7
 11      L  - Commercial Personal              13,695,482     .9863      13,885,716        9
 12      L  - Commercial Personal              13,979,476     .9982      14,004,684        5
 13      L  - Commercial Personal              13,457,854     .9856      13,654,478        4

Random Totals:                                352,812,248               354,666,596      177
 Cat J Exception Values:                       33,419,520                32,952,619
 Cat D1 Exception Values:                      38,142,324                30,927,817
 Other Exception Values:                                0                         0
Exception Totals(3):                           71,561,844                63,880,436
Test Values(4):                               424,374,092               418,547,032

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     20,927,352
Confidence Interval Values:
  State Lower Limit:                                      397,619,680  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       424,374,092  (Within Confidence Interval Limits)
  State Upper Limit:                                      439,474,384  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       506,990,549  (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.