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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:26                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        120-905-120 Industrial

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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          6,054,146     .9568       6,327,494        8
  2      A  - Single-family Residences          6,072,005     .9345       6,497,598        8
  3      A  - Single-family Residences          6,087,312     .9812       6,203,946        8
  4      A  - Single-family Residences          6,033,736    1.0902       5,534,522        7
  5      D  - Rural Real                       57,252,761     .9392      60,959,073       11
  6      G  - Oil, Gas, Minerals               17,907,192     .9249      19,361,220       25

Random Totals:                                 99,407,152               104,883,853       67
 Cat J Exception Values:                       15,509,526                15,613,882
 Cat D1 Exception Values:                      26,315,380                26,436,355
 Other Exception Values:                        8,072,108                 8,133,674
Exception Totals(3):                           49,897,014                50,183,911
Test Values(4):                               149,304,166               155,067,764

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      7,753,388
Confidence Interval Values:
  State Lower Limit:                                      147,314,376  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       149,304,166  (Within Confidence Interval Limits)
  State Upper Limit:                                      162,821,152  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       503,721,322  (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.