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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:56                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        205-905-205 Odem-Edroy

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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         15,648,225     .9028      17,332,992       16
  2      A  - Single-family Residences         15,648,225    1.0142      15,429,131       15
  3      A  - Single-family Residences         15,595,603    1.0090      15,456,495       16
  4      A  - Single-family Residences         15,608,759    1.0383      15,032,995       14
  5      D  - Rural Real                       13,331,046     .9960      13,384,584       23
  6      G  - Oil, Gas, Minerals                3,682,210     .9068       4,060,664       12

Random Totals:                                 79,514,068                80,696,861       96
 Cat J Exception Values:                       19,126,884                19,984,267
 Cat D1 Exception Values:                      14,892,277                14,013,229
 Other Exception Values:                        5,068,860                 5,117,261
Exception Totals(3):                           39,088,021                39,114,757
Test Values(4):                               118,602,089               119,811,618

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      5,990,581
Confidence Interval Values:
  State Lower Limit:                                      113,821,037  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       118,602,089  (Within Confidence Interval Limits)
  State Upper Limit:                                      125,802,199  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       131,477,654  (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.