Date: 6/27/2004 COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION Page: 1 Time: 20:45 2003 Property Value Study Rpt: VAL7000 Confidence Interval Detail 194-905-194 Detroit ------------------------------------------------------------------------------------------------------------------------------------ (1) (2) (1) (1) (1) Stratum (1) Sample Stratum Category Local Value Ratio State Value Size ------------------------------------------------------------------------------------------------------------------------------------ 1 A - Single-family Residences 3,127,502 .9943 3,145,431 7 2 A - Single-family Residences 3,084,481 .9536 3,234,565 7 3 A - Single-family Residences 3,126,198 .9508 3,287,966 7 4 A - Single-family Residences 3,055,800 .9939 3,074,555 6 5 D - Rural Real 19,952,750 1.0206 19,550,020 15 Random Totals: 32,346,731 32,292,537 42 Cat J Exception Values: 0 0 Cat D1 Exception Values: 16,127,350 15,336,822 Other Exception Values: 0 0 Exception Totals(3): 16,127,350 15,336,822 Test Values(4): 48,474,081 47,629,359 Margin of Error Percent: 5.0000000 Margin of Error Value: 2,381,468 Confidence Interval Values: State Lower Limit: 45,247,891 (State Test Value Minus Margin of Error Value) Local Test Value: 48,474,081 (Within Confidence Interval Limits) State Upper Limit: 50,010,827 (State Test Value Plus Margin of Error Value) Value Assigned (5): 44,355,938 (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.
