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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:33                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        182-904-182 Santo

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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         12,412,707     .9486      13,085,291        7
  2      A  - Single-family Residences         12,355,337     .8803      14,035,371        6
  3      A  - Single-family Residences         12,506,584     .9868      12,673,879        6
  4      A  - Single-family Residences         12,287,537    1.0985      11,185,741        8
  5      D  - Rural Real                       41,724,024    1.3137      31,760,694       10

Random Totals:                                 91,286,189                82,740,976       37
 Cat J Exception Values:                       13,721,981                14,273,839
 Cat D1 Exception Values:                       6,617,780                 7,029,930
 Other Exception Values:                                0                         0
Exception Totals(3):                           20,339,761                21,303,769
Test Values(4):                               111,625,950               104,044,745

Margin of Error Percent:                                    8.6800011
Margin of Error Value:                                      9,031,085
Confidence Interval Values:
  State Lower Limit:                                       95,013,660  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       111,625,950  (Within Confidence Interval Limits)
  State Upper Limit:                                      113,075,830  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       146,988,493  (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.