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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     12:41                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        005-903-005 Megargel

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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            602,151     .9980         603,358       12
  2      A  - Single-family Residences            607,228     .9769         621,587       10
  3      A  - Single-family Residences            612,559     .9907         618,309       10
  4      A  - Single-family Residences            593,266     .9940         596,847        5
  5      D  - Rural Real                        2,017,811     .7480       2,697,608       24
  6      G  - Oil, Gas, Minerals                2,594,980     .9972       2,602,266       41

Random Totals:                                  7,027,995                 7,739,975      102
 Cat J Exception Values:                        1,590,650                 1,415,432
 Cat D1 Exception Values:                       8,553,540                 8,343,512
 Other Exception Values:                                0                         0
Exception Totals(3):                           10,144,190                 9,758,944
Test Values(4):                                17,172,185                17,498,919

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                        874,946
Confidence Interval Values:
  State Lower Limit:                                       16,623,973  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        17,172,185  (Within Confidence Interval Limits)
  State Upper Limit:                                       18,373,865  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        18,314,911  (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.