School and Appraisal Districts' Property Value Study 2003 Final Report



Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     21:43                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        244-903-244 Vernon

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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         36,220,021     .9154      39,567,425       49
  2      A  - Single-family Residences         36,235,271     .9731      37,236,945       39
  3      A  - Single-family Residences         36,174,269    1.0196      35,478,883       22
  4      A  - Single-family Residences         36,220,021    1.0081      35,928,996       12
  5      D  - Rural Real                       18,815,560     .9957      18,896,816       19
  6      F  - Commercial Real                   8,661,280    1.2023       7,203,926        9
  7      F  - Commercial Real                   8,690,357     .9762       8,902,230        9
  8      F  - Commercial Real                   8,657,646     .9306       9,303,295        7
  9      L  - Commercial Personal               3,600,852     .9548       3,771,315        7
 10      L  - Commercial Personal               3,596,831    1.0195       3,528,034        6
 11      L  - Commercial Personal               3,767,726     .9952       3,785,898        5
 12      L  - Commercial Personal               3,377,684     .9979       3,384,792        4

Random Totals:                                204,017,518               206,988,555      188
 Cat J Exception Values:                       30,588,646                31,325,146
 Cat D1 Exception Values:                      22,500,660                23,210,938
 Other Exception Values:                       13,140,890                13,030,770
Exception Totals(3):                           66,230,196                67,566,854
Test Values(4):                               270,247,714               274,555,409

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     13,727,770
Confidence Interval Values:
  State Lower Limit:                                      260,827,639  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       270,247,714  (Within Confidence Interval Limits)
  State Upper Limit:                                      288,283,179  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       593,210,501  (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.