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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
                                                        101-919-101 Spring

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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        756,664,776     .9736     777,182,391       50
  2      A  - Single-family Residences        756,028,388     .9755     775,016,287       50
  3      A  - Single-family Residences        755,073,807     .9805     770,090,573       50
  4      A  - Single-family Residences        754,755,613    1.0145     743,968,076       50
  5      B  - Multi-family Residences         133,415,505     .9966     133,870,665        7
  6      B  - Multi-family Residences         132,800,171     .9207     144,238,265        7
  7      B  - Multi-family Residences         141,023,265     .9834     143,403,768        7
  8      B  - Multi-family Residences         123,849,865     .7944     155,903,657        7
  9      F  - Commercial Real                 262,533,665     .7763     338,185,837        7
 10      F  - Commercial Real                 262,643,696     .8863     296,337,240        7
 11      F  - Commercial Real                 265,614,530     .9898     268,351,718        7
 12      F  - Commercial Real                 254,391,381    1.0046     253,226,539        6
 13      L  - Commercial Personal             102,406,030     .9297     110,149,543        9
 14      L  - Commercial Personal             102,707,731     .9094     112,940,104        7
 15      L  - Commercial Personal             103,224,933    1.0432      98,950,281        7
 16      L  - Commercial Personal             101,069,924     .9779     103,354,048        5

Random Totals:                              5,008,203,280             5,225,168,992      283
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      10,621,330                10,602,944
 Other Exception Values:                                0                         0
Exception Totals(3):                           10,621,330                10,602,944
Test Values(4):                             5,018,824,610             5,235,771,936

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    261,788,597
Confidence Interval Values:
  State Lower Limit:                                    4,973,983,339  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     5,018,824,610  (Within Confidence Interval Limits)
  State Upper Limit:                                    5,497,560,533  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     5,663,993,557  (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.