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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     21:23                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        227-907-227 Manor

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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         73,679,528     .9301      79,216,781       36
  2      A  - Single-family Residences         73,772,597     .9543      77,305,456       59
  3      A  - Single-family Residences         73,710,551     .9662      76,289,123       39
  4      A  - Single-family Residences         73,586,459     .9624      76,461,408       25
  5      D  - Rural Real                       96,116,941     .8688     110,631,838       14
  6      F  - Commercial Real                 114,807,170    1.0588     108,431,403       11
  7      F  - Commercial Real                 114,520,032    1.0433     109,767,116        8
  8      F  - Commercial Real                 225,594,414     .9711     232,308,119        8
  9      L  - Commercial Personal              40,757,424    1.0575      38,541,299       12
 10      L  - Commercial Personal              40,706,393     .9911      41,071,933       10
 11      L  - Commercial Personal              42,526,528     .9356      45,453,749        8
 12      L  - Commercial Personal              37,627,472     .9961      37,774,794        5

Random Totals:                              1,007,405,509             1,033,253,019      235
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       8,231,616                 8,349,761
 Other Exception Values:                                0                         0
Exception Totals(3):                            8,231,616                 8,349,761
Test Values(4):                             1,015,637,125             1,041,602,780

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     52,080,139
Confidence Interval Values:
  State Lower Limit:                                      989,522,641  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     1,015,637,125  (Within Confidence Interval Limits)
  State Upper Limit:                                    1,093,682,919  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     1,470,089,214  (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.