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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:13                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        109-902-109 Bynum

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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          1,868,331     .9477       1,971,437        7
  2      A  - Single-family Residences          1,834,021     .9965       1,840,463        7
  3      A  - Single-family Residences          1,923,695    1.0447       1,841,385        9
  4      A  - Single-family Residences          1,784,896    1.0636       1,678,165       10
  5      D  - Rural Real                       11,164,650     .8738      12,777,123       10

Random Totals:                                 18,575,593                20,108,573       43
 Cat J Exception Values:                        3,300,404                 3,533,036
 Cat D1 Exception Values:                       6,893,710                 4,389,967
 Other Exception Values:                                0                         0
Exception Totals(3):                           10,194,114                 7,923,003
Test Values(4):                                28,769,707                28,031,576

Margin of Error Percent:                                    7.2536414
Margin of Error Value:                                      2,033,310
Confidence Interval Values:
  State Lower Limit:                                       25,998,266  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        28,769,707  (Within Confidence Interval Limits)
  State Upper Limit:                                       30,064,886  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        26,408,115  (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.