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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     21:28                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        230-904-230 Union Hill

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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          3,399,225     .9516       3,572,115       10
  2      A  - Single-family Residences          3,394,958     .8449       4,018,177        7
  3      A  - Single-family Residences          3,369,357     .9200       3,662,345        8
  4      A  - Single-family Residences          3,360,824     .8873       3,787,698       11
  5      D  - Rural Real                       26,555,166     .8638      30,742,262       25
  6      G  - Oil, Gas, Minerals                5,622,649     .9780       5,749,130       17

Random Totals:                                 45,702,179                51,531,727       78
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       4,982,783                 3,884,597
 Other Exception Values:                       21,325,972                20,351,930
Exception Totals(3):                           26,308,755                24,236,527
Test Values(4):                                72,010,934                75,768,254

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      3,788,413
Confidence Interval Values:
  State Lower Limit:                                       71,979,841  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        72,010,934  (Within Confidence Interval Limits)
  State Upper Limit:                                       79,556,667  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        65,625,808  (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.