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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:45                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        109-905-109 Hubbard

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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          6,403,451     .9818       6,522,154        7
  2      A  - Single-family Residences          6,408,841    1.0138       6,321,603        9
  3      A  - Single-family Residences          6,462,742     .9886       6,537,267        9
  4      A  - Single-family Residences          6,338,769    1.0747       5,898,175       15
  5      D  - Rural Real                       15,151,250    1.0834      13,984,909       10
  6      F  - Commercial Real                     908,864     .9776         929,689        6
  7      F  - Commercial Real                     856,780    1.0096         848,633        5
  8      F  - Commercial Real                   1,088,182    1.0188       1,068,102        5

Random Totals:                                 43,618,879                42,110,532       66
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       3,112,320                 2,345,318
 Other Exception Values:                          679,980                   693,480
Exception Totals(3):                            3,792,300                 3,038,798
Test Values(4):                                47,411,179                45,149,330

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      2,257,467
Confidence Interval Values:
  State Lower Limit:                                       42,891,863  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                       47,406,797  (State Test Value Plus Margin of Error Value)
  Local Test Value:                                        47,411,179  (Outside of ConfidenceInterval Limits)
Value Assigned (5):                                        42,177,491  (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.