School and Appraisal Districts' Property Value Study 2003 Preliminary Report



Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     13:39                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        057-911-057 Highland Park

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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      1,747,770,594     .9977   1,751,799,733       69
  2      A  - Single-family Residences      1,747,770,594    1.0208   1,712,157,714      100
  3      A  - Single-family Residences      1,748,506,497    1.0356   1,688,399,476       79
  4      A  - Single-family Residences      1,747,770,594    1.0221   1,709,980,035       35
  5      B  - Multi-family Residences          93,866,160     .5932     158,236,952       13
  6      B  - Multi-family Residences          94,301,275     .8566     110,087,876       10
  7      B  - Multi-family Residences          94,301,275     .9832      95,912,607       18
  8      B  - Multi-family Residences          93,431,045     .9725      96,073,054        6
  9      F  - Commercial Real                 161,756,410     .8952     180,693,041        7
 10      F  - Commercial Real                 156,148,676     .9976     156,524,334        5
 11      F  - Commercial Real                 179,247,198     .9959     179,985,137        5
 12      F  - Commercial Real                 137,589,749    1.0020     137,315,119        2

Random Totals:                              8,002,460,067             7,977,165,078      349
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                               0                         0
 Other Exception Values:                                0                         0
Exception Totals(3):                                    0                         0
Test Values(4):                             8,002,460,067             7,977,165,078

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    398,858,254
Confidence Interval Values:
  State Lower Limit:                                    7,578,306,824  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     8,002,460,067  (Within Confidence Interval Limits)
  State Upper Limit:                                    8,376,023,332  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     7,483,359,028  (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.