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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:01                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        104-903-104 Rule

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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          1,573,691     .8887       1,770,779       13
  2      A  - Single-family Residences          1,555,239    1.0297       1,510,381        9
  3      A  - Single-family Residences          1,607,300     .8975       1,790,864       10
  4      A  - Single-family Residences          1,525,584     .8975       1,699,815        8
  5      D  - Rural Real                        3,324,880     .9709       3,424,534       27

Random Totals:                                  9,586,694                10,196,373       67
 Cat J Exception Values:                        1,359,969                 1,422,503
 Cat D1 Exception Values:                       9,286,360                 8,137,364
 Other Exception Values:                        3,490,287                 3,465,668
Exception Totals(3):                           14,136,616                13,025,535
Test Values(4):                                23,723,310                23,221,908

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,161,095
Confidence Interval Values:
  State Lower Limit:                                       22,060,813  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        23,723,310  (Within Confidence Interval Limits)
  State Upper Limit:                                       24,383,003  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        24,871,121  (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.