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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     18:08                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        065-902-065 Hedley

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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            721,596     .9520         757,979        9
  2      A  - Single-family Residences            721,900     .9560         755,126        9
  3      A  - Single-family Residences            753,208    1.0535         714,958        7
  4      A  - Single-family Residences            696,368    1.0183         683,853        6
  5      D  - Rural Real                        4,290,665     .8859       4,843,284        8
  6      L  - Commercial Personal               1,069,960    1.0086       1,060,837        6

Random Totals:                                  8,253,697                 8,816,037       45
 Cat J Exception Values:                        4,374,106                 4,601,497
 Cat D1 Exception Values:                       7,241,167                 7,208,504
 Other Exception Values:                                0                         0
Exception Totals(3):                           11,615,273                11,810,001
Test Values(4):                                19,868,970                20,626,038

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,031,302
Confidence Interval Values:
  State Lower Limit:                                       19,594,736  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        19,868,970  (Within Confidence Interval Limits)
  State Upper Limit:                                       21,657,340  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        21,672,265  (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.