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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     13:52                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        070-901-070 Avalon

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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          2,454,881    1.0488       2,340,657       13
  2      A  - Single-family Residences          2,473,455    1.0536       2,347,622       14
  3      A  - Single-family Residences          2,508,539    1.0577       2,371,692       13
  4      A  - Single-family Residences          2,374,393    1.1077       2,143,534       10
  5      D  - Rural Real                        9,235,080    1.0589       8,721,390       12
  6      F  - Commercial Real                   3,324,640     .8947       3,715,927        5

Random Totals:                                 22,370,988                21,640,822       67
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       2,787,620                 3,176,629
 Other Exception Values:                                0                         0
Exception Totals(3):                            2,787,620                 3,176,629
Test Values(4):                                25,158,608                24,817,451

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,240,873
Confidence Interval Values:
  State Lower Limit:                                       23,576,578  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        25,158,608  (Within Confidence Interval Limits)
  State Upper Limit:                                       26,058,324  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        26,334,118  (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.