School and Appraisal Districts' Property Value Study 2003 Preliminary Report



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
                                                        100-907-100 Lumberton

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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         85,899,544     .9066      94,749,111       14
  2      A  - Single-family Residences         85,935,712     .9268      92,723,038       23
  3      A  - Single-family Residences         85,935,712     .9590      89,609,710       59
  4      A  - Single-family Residences         85,827,207     .9773      87,820,738       41
  5      D  - Rural Real                       34,374,790     .9638      35,665,895       10
  6      F  - Commercial Real                  10,156,574     .9521      10,667,550        5
  7      F  - Commercial Real                   9,961,826     .9729      10,239,311        6
  8      F  - Commercial Real                  10,262,416     .9796      10,476,129        8
  9      F  - Commercial Real                   9,860,217     .9167      10,756,209        6
 10      G  - Oil, Gas, Minerals                3,388,376     .9930       3,412,262        6

Random Totals:                                421,602,374               446,119,953      178
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       8,051,780                 7,855,835
 Other Exception Values:                       21,131,434                18,104,317
Exception Totals(3):                           29,183,214                25,960,152
Test Values(4):                               450,785,588               472,080,105

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     23,604,005
Confidence Interval Values:
  State Lower Limit:                                      448,476,100  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       450,785,588  (Within Confidence Interval Limits)
  State Upper Limit:                                      495,684,110  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       451,894,099  (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.