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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:49                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        144-902-144 Lexington

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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         10,428,083     .8287      12,583,665        7
  2      A  - Single-family Residences         10,471,917    1.0136      10,331,410       11
  3      A  - Single-family Residences         10,375,482     .9343      11,105,086        9
  4      A  - Single-family Residences         10,388,632    1.0013      10,375,144        8
  5      D  - Rural Real                      115,860,342     .9336     124,100,623       24

Random Totals:                                157,524,456               168,495,928       59
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      12,206,742                12,188,023
 Other Exception Values:                                0                         0
Exception Totals(3):                           12,206,742                12,188,023
Test Values(4):                               169,731,198               180,683,951

Margin of Error Percent:                                    5.6519347
Margin of Error Value:                                     10,212,139
Confidence Interval Values:
  Local Test Value:                                       169,731,198  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      170,471,812  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      190,896,090  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       181,177,465  (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.