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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:34                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        126-908-126 Venus

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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         86,825,970     .8990      96,580,612       35
  2      C  - Vacant Lots                      21,299,740     .9826      21,676,918       24
  3      D  - Rural Real                       14,178,530    1.0154      13,963,492       23

Random Totals:                                122,304,240               132,221,022       82
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       2,490,500                 2,773,812
 Other Exception Values:                                0                         0
Exception Totals(3):                            2,490,500                 2,773,812
Test Values(4):                               124,794,740               134,994,834

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      6,749,742
Confidence Interval Values:
  Local Test Value:                                       124,794,740  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      128,245,092  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      141,744,576  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       155,344,140  (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.