School and Appraisal Districts' Property Value Study 2003 Final Report



Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     21:33                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        235-902-235 Victoria

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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        337,111,646     .8069     417,786,152       30
  2      A  - Single-family Residences        337,111,646     .8795     383,299,200       31
  3      A  - Single-family Residences        337,111,646     .8664     389,094,698       33
  4      A  - Single-family Residences        337,111,646     .9299     362,524,622       35
  5      D  - Rural Real                      128,973,140     .9493     135,861,308       35
  6      F  - Commercial Real                 104,656,033     .9854     106,206,650        6
  7      F  - Commercial Real                 104,788,286    1.0186     102,874,814        7
  8      F  - Commercial Real                 107,697,847     .9507     113,282,683        7
  9      F  - Commercial Real                 101,702,388     .9795     103,830,922        5
 10      L  - Commercial Personal              61,533,924    1.0252      60,021,385        7
 11      L  - Commercial Personal              61,792,579     .9575      64,535,331        7
 12      L  - Commercial Personal              62,646,139     .9359      66,936,787        7
 13      L  - Commercial Personal              59,749,208     .9944      60,085,688        5

Random Totals:                              2,141,986,128             2,366,340,240      215
 Cat J Exception Values:                       88,825,559                89,553,694
 Cat D1 Exception Values:                      32,197,920                31,596,995
 Other Exception Values:                                0                         0
Exception Totals(3):                          121,023,479               121,150,689
Test Values(4):                             2,263,009,607             2,487,490,929

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    124,374,546
Confidence Interval Values:
  Local Test Value:                                     2,263,009,607  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                    2,363,116,383  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                    2,611,865,475  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     3,035,432,372  (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.