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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:55                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        117-903-117 Sanford-Fritch

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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         21,297,178     .9690      21,978,512        7
  2      A  - Single-family Residences         21,252,398    1.0066      21,113,052        8
  3      A  - Single-family Residences         21,288,222     .9841      21,632,174        9
  4      A  - Single-family Residences         21,252,398    1.0756      19,758,644        7
  5      G  - Oil, Gas, Minerals               31,063,820    1.2255      25,347,874       21

Random Totals:                                116,154,016               109,830,256       52
 Cat J Exception Values:                        4,061,249                 3,876,621
 Cat D1 Exception Values:                         507,830                   570,258
 Other Exception Values:                                0                         0
Exception Totals(3):                            4,569,079                 4,446,879
Test Values(4):                               120,723,095               114,277,135

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      5,713,857
Confidence Interval Values:
  State Lower Limit:                                      108,563,278  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      119,990,992  (State Test Value Plus Margin of Error Value)
  Local Test Value:                                       120,723,095  (Outside of ConfidenceInterval Limits)
Value Assigned (5):                                       123,352,502  (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.