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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     15:45                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        155-901-155 Jefferson

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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         34,861,311     .9728      35,836,052       34
  2      A  - Single-family Residences         34,758,692     .9834      35,345,426       13
  3      A  - Single-family Residences         34,861,311     .9435      36,948,925        7
  4      A  - Single-family Residences         34,773,352     .9219      37,719,223       10
  5      D  - Rural Real                       47,395,920    1.0797      43,897,305       25
  6      F  - Commercial Real                   7,845,034    1.0248       7,655,185        7
  7      F  - Commercial Real                   7,924,478     .9941       7,971,510        8
  8      F  - Commercial Real                   7,931,098    1.0211       7,767,210        6
  9      F  - Commercial Real                   7,732,489    1.0299       7,508,000        4
 10      G  - Oil, Gas, Minerals               28,812,130    1.0004      28,800,610       12

Random Totals:                                246,895,815               249,449,446      126
 Cat J Exception Values:                       50,900,995                50,227,971
 Cat D1 Exception Values:                      36,880,780                26,260,530
 Other Exception Values:                                0                         0
Exception Totals(3):                           87,781,775                76,488,501
Test Values(4):                               334,677,590               325,937,947

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     16,296,897
Confidence Interval Values:
  State Lower Limit:                                      309,641,050  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       334,677,590  (Within Confidence Interval Limits)
  State Upper Limit:                                      342,234,844  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       417,935,006  (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.