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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:04                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        112-910-080 Sulphur-Bluff

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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            263,150    1.1524         228,350        4
  2      D  - Rural Real                        1,101,290    1.0027       1,098,325       10

Random Totals:                                  1,364,440                 1,326,675       14
 Cat J Exception Values:                          136,702                   143,250
 Cat D1 Exception Values:                         340,320                   270,710
 Other Exception Values:                                0                         0
Exception Totals(3):                              477,022                   413,960
Test Values(4):                                 1,841,462                 1,740,635

Margin of Error Percent:                                    5.4984532
Margin of Error Value:                                         95,708
Confidence Interval Values:
  State Lower Limit:                                        1,644,927  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                        1,836,343  (State Test Value Plus Margin of Error Value)
  Local Test Value:                                         1,841,462  (Outside of ConfidenceInterval Limits)
Value Assigned (5):                                         1,468,559  (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.