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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     12:49                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        014-901-014 Academy

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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         22,120,149     .9268      23,867,230       15
  2      A  - Single-family Residences         22,120,149    1.0183      21,722,625       10
  3      A  - Single-family Residences         22,148,055     .9671      22,901,515       15
  4      A  - Single-family Residences         22,008,525     .9820      22,411,940       12
  5      D  - Rural Real                       31,107,520     .9904      31,409,047       16

Random Totals:                                119,504,398               122,312,357       68
 Cat J Exception Values:                        8,690,831                 9,706,236
 Cat D1 Exception Values:                       5,819,588                 5,121,579
 Other Exception Values:                                0                         0
Exception Totals(3):                           14,510,419                14,827,815
Test Values(4):                               134,014,817               137,140,172

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      6,857,009
Confidence Interval Values:
  State Lower Limit:                                      130,283,163  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       134,014,817  (Within Confidence Interval Limits)
  State Upper Limit:                                      143,997,181  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       120,478,340  (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.