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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:24                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        100-905-100 Hardin-Jefferson

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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         44,080,393     .8796      50,114,135        9
  2      A  - Single-family Residences         44,098,945     .9072      48,609,948        9
  3      A  - Single-family Residences         44,080,393     .9026      48,837,129       11
  4      A  - Single-family Residences         43,969,079    1.0093      43,563,934        9
  5      D  - Rural Real                       57,543,940     .8814      65,286,975       12
  6      G  - Oil, Gas, Minerals              145,788,500    1.1400     127,884,649       33

Random Totals:                                379,561,250               384,296,770       83
 Cat J Exception Values:                       30,637,998                31,181,197
 Cat D1 Exception Values:                      30,328,130                24,676,792
 Other Exception Values:                                0                         0
Exception Totals(3):                           60,966,128                55,857,989
Test Values(4):                               440,527,378               440,154,759

Margin of Error Percent:                                    6.7427750
Margin of Error Value:                                     29,678,645
Confidence Interval Values:
  State Lower Limit:                                      410,476,114  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       440,527,378  (Within Confidence Interval Limits)
  State Upper Limit:                                      469,833,404  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       499,283,834  (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.