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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
                                                        101-924-101 Sheldon

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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         75,073,437     .9792      76,668,134        6
  2      A  - Single-family Residences         74,884,176     .9627      77,785,578       19
  3      A  - Single-family Residences         74,915,720     .9943      75,345,188       32
  4      A  - Single-family Residences         74,789,546    1.0212      73,236,923       10
  5      D  - Rural Real                       25,060,910     .9863      25,409,013       20
  6      F  - Commercial Real                  14,133,920     .9546      14,806,118        7
  7      F  - Commercial Real                  14,229,178    1.0020      14,200,776        7
  8      F  - Commercial Real                  14,782,866     .9961      14,840,745        6
  9      F  - Commercial Real                  13,437,345    1.0087      13,321,448        5
 10      L  - Commercial Personal              15,830,897    1.0982      14,415,313       17
 11      L  - Commercial Personal              16,201,986     .9757      16,605,500       16
 12      L  - Commercial Personal              16,698,979    1.0145      16,460,305        6
 13      L  - Commercial Personal              14,227,265     .9569      14,868,079        2

Random Totals:                                444,266,225               447,963,120      153
 Cat J Exception Values:                       34,293,016                35,441,246
 Cat D1 Exception Values:                       2,887,048                 2,762,581
 Other Exception Values:                                0                         0
Exception Totals(3):                           37,180,064                38,203,827
Test Values(4):                               481,446,289               486,166,947

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     24,308,347
Confidence Interval Values:
  State Lower Limit:                                      461,858,600  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       481,446,289  (Within Confidence Interval Limits)
  State Upper Limit:                                      510,475,294  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     1,866,392,492  (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.