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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:57                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        206-903-206 Cherokee

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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            675,928     .9065         745,646        8
  2      A  - Single-family Residences            658,118    1.0148         648,520       10
  3      A  - Single-family Residences            661,457    1.1257         587,596        7
  4      A  - Single-family Residences            636,969    1.0516         605,714        6
  5      D  - Rural Real                       11,836,721    1.0786      10,974,153       13

Random Totals:                                 14,469,193                13,561,629       44
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      10,321,340                11,086,251
 Other Exception Values:                                0                         0
Exception Totals(3):                           10,321,340                11,086,251
Test Values(4):                                24,790,533                24,647,880

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,232,394
Confidence Interval Values:
  State Lower Limit:                                       23,415,486  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        24,790,533  (Within Confidence Interval Limits)
  State Upper Limit:                                       25,880,274  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        28,927,689  (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.