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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     14:59                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        122-902-122 Valentine

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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            793,515     .9827         807,484        8
  2      A  - Single-family Residences            818,395     .9369         873,514        7
  3      A  - Single-family Residences            814,083     .9902         822,140        6
  4      A  - Single-family Residences            726,504    1.0029         724,403        4
  5      C  - Vacant Lots                         720,915    1.0355         696,200        8
  6      C  - Vacant Lots                          91,963    1.0186          90,284        8
  7      C  - Vacant Lots                         399,809    1.1327         352,970        8
  8      C  - Vacant Lots                         399,809     .9242         432,600        7
  9      D  - Rural Real                        6,614,170    1.0020       6,600,968       14

Random Totals:                                 11,379,163                11,400,563       70
 Cat J Exception Values:                        6,772,928                 7,075,975
 Cat D1 Exception Values:                       7,005,390                 7,562,459
 Other Exception Values:                                0                         0
Exception Totals(3):                           13,778,318                14,638,434
Test Values(4):                                25,157,481                26,038,997

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,301,950
Confidence Interval Values:
  State Lower Limit:                                       24,737,047  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        25,157,481  (Within Confidence Interval Limits)
  State Upper Limit:                                       27,340,947  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        27,369,681  (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.