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Date:   1/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:      9:04                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        116-902-116 Celeste

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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          5,563,367     .8904       6,248,166        8
  2      A  - Single-family Residences          5,526,060     .9820       5,627,352        7
  3      A  - Single-family Residences          5,530,724     .8842       6,255,060        8
  4      A  - Single-family Residences          5,544,714     .9418       5,887,358        7
  5      D  - Rural Real                       25,954,800    1.0817      23,994,453       12

Random Totals:                                 48,119,665                48,012,389       42
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       3,220,140                 3,023,352
 Other Exception Values:                                0                         0
Exception Totals(3):                            3,220,140                 3,023,352
Test Values(4):                                51,339,805                51,035,741

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      2,551,787
Confidence Interval Values:
  State Lower Limit:                                       48,483,954  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        51,339,805  (Within Confidence Interval Limits)
  State Upper Limit:                                       53,587,528  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        49,651,732  (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.