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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:31                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        101-907-101 Cypress-Fairbanks

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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      3,306,499,980     .9889   3,343,614,096       50
  2      A  - Single-family Residences      3,306,499,980     .9911   3,336,192,090       50
  3      A  - Single-family Residences      3,312,068,822     .9920   3,338,779,054       50
  4      A  - Single-family Residences      3,300,931,138    1.0098   3,268,895,958       50
  5      B  - Multi-family Residences         214,702,386     .9999     214,723,858        7
  6      B  - Multi-family Residences         213,284,624     .9289     229,609,887        7
  7      B  - Multi-family Residences         204,069,169     .9069     225,018,380        7
  8      B  - Multi-family Residences         206,284,422     .9894     208,494,463        4
  9      C  - Vacant Lots                      97,981,840     .5254     186,489,989       11
 10      C  - Vacant Lots                      96,652,145     .7702     125,489,672        9
 11      C  - Vacant Lots                      97,026,122     .5590     173,570,880       11
 12      C  - Vacant Lots                      96,402,828     .8275     116,498,886        8
 13      D  - Rural Real                      317,137,310     .7262     436,707,945       15
 14      F  - Commercial Real                 788,506,032     .9973     790,640,762        7
 15      F  - Commercial Real                 791,155,359     .9630     821,552,813        7
 16      F  - Commercial Real                 795,791,682     .9644     825,167,650        7
 17      F  - Commercial Real                 771,285,404     .9898     779,233,587        7
 18      L  - Commercial Personal             459,451,506     .9854     466,258,886        7
 19      L  - Commercial Personal             459,644,878     .9418     488,049,350        9
 20      L  - Commercial Personal             459,451,506     .9584     479,394,309        7
 21      L  - Commercial Personal             458,484,647     .9626     476,298,200        6

Random Totals:                             19,753,311,780            20,330,680,715      336
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       6,581,460                 6,275,066
 Other Exception Values:                                0                         0
Exception Totals(3):                            6,581,460                 6,275,066
Test Values(4):                            19,759,893,240            20,336,955,781

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                  1,016,847,789
Confidence Interval Values:
  State Lower Limit:                                   19,320,107,992  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                    19,759,893,240  (Within Confidence Interval Limits)
  State Upper Limit:                                   21,353,803,570  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                    20,471,730,665  (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.