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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     15:46                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        156-905-156 Grady

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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      D  - Rural Real                        8,898,700    1.0835       8,212,921       12
  2      G  - Oil, Gas, Minerals              115,167,290    1.0582     108,833,198       12

Random Totals:                                124,065,990               117,046,119       24
 Cat J Exception Values:                        5,260,972                 5,318,993
 Cat D1 Exception Values:                       7,513,500                10,197,826
 Other Exception Values:                                0                         0
Exception Totals(3):                           12,774,472                15,516,819
Test Values(4):                               136,840,462               132,562,938

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      6,628,147
Confidence Interval Values:
  State Lower Limit:                                      125,934,791  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       136,840,462  (Within Confidence Interval Limits)
  State Upper Limit:                                      139,191,085  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       149,454,560  (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.