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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
                                                        109-908-109 Malone

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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          1,051,125    1.0076       1,043,197        6
  2      A  - Single-family Residences          1,051,125    1.0034       1,047,563        7
  3      A  - Single-family Residences          1,043,159    1.0061       1,036,834        8
  4      A  - Single-family Residences          1,060,862    1.0424       1,017,711        6
  5      D  - Rural Real                        6,783,460     .9521       7,124,735       10

Random Totals:                                 10,989,731                11,270,040       37
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       3,779,880                 2,408,828
 Other Exception Values:                                0                         0
Exception Totals(3):                            3,779,880                 2,408,828
Test Values(4):                                14,769,611                13,678,868

Margin of Error Percent:                                    5.2624969
Margin of Error Value:                                        719,850
Confidence Interval Values:
  State Lower Limit:                                       12,959,018  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                       14,398,718  (State Test Value Plus Margin of Error Value)
  Local Test Value:                                        14,769,611  (Outside of ConfidenceInterval Limits)
Value Assigned (5):                                        15,279,906  (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.