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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:52                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        201-904-201 Leveretts Chapel

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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          1,712,389     .9761       1,754,317        8
  2      A  - Single-family Residences          1,750,683     .9098       1,924,250        8
  3      A  - Single-family Residences          1,690,713     .9938       1,701,261        8
  4      A  - Single-family Residences          1,721,059     .9412       1,828,579        8
  5      D  - Rural Real                        2,278,610    1.2382       1,840,260       10
  6      G  - Oil, Gas, Minerals                5,440,659     .8642       6,295,602       23

Random Totals:                                 14,594,113                15,344,269       65
 Cat J Exception Values:                        1,517,328                 1,549,026
 Cat D1 Exception Values:                       1,145,970                 1,342,728
 Other Exception Values:                        5,206,851                 5,247,654
Exception Totals(3):                            7,870,149                 8,139,408
Test Values(4):                                22,464,262                23,483,677

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,174,184
Confidence Interval Values:
  State Lower Limit:                                       22,309,493  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        22,464,262  (Within Confidence Interval Limits)
  State Upper Limit:                                       24,657,861  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        22,639,700  (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.