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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     13:33                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        054-902-054 Lorenzo

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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          4,347,615    1.1120       3,909,726        6
  2      A  - Single-family Residences          4,371,483    1.0166       4,300,101        7
  3      A  - Single-family Residences          4,384,335     .9388       4,670,148        9
  4      A  - Single-family Residences          4,338,435     .9216       4,707,503        7
  5      D  - Rural Real                        4,059,210     .7116       5,704,342       10
  6      G  - Oil, Gas, Minerals               12,618,490    1.1340      11,127,416       16

Random Totals:                                 34,119,568                34,419,236       55
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      19,793,660                12,990,448
 Other Exception Values:                                0                         0
Exception Totals(3):                           19,793,660                12,990,448
Test Values(4):                                53,913,228                47,409,684

Margin of Error Percent:                                    5.0620270
Margin of Error Value:                                      2,399,891
Confidence Interval Values:
  State Lower Limit:                                       45,009,793  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                       49,809,575  (State Test Value Plus Margin of Error Value)
  Local Test Value:                                        53,913,228  (Outside of ConfidenceInterval Limits)
Value Assigned (5):                                        61,294,751  (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.