School and Appraisal Districts' Property Value Study 2003 Preliminary Report



Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     15:55                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        161-916-161 West

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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         31,854,619    1.1089      28,726,322       15
  2      A  - Single-family Residences         31,800,992    1.0053      31,633,335       16
  3      A  - Single-family Residences         31,908,246     .9889      32,266,403       16
  4      A  - Single-family Residences         31,800,992     .9942      31,986,514       15
  5      D  - Rural Real                       57,891,975     .9894      58,512,204       20
  6      F  - Commercial Real                   4,707,270     .9967       4,722,855        7
  7      F  - Commercial Real                   4,724,900    1.0047       4,702,797        6
  8      F  - Commercial Real                   4,801,298     .9884       4,857,647        5
  9      F  - Commercial Real                   4,387,967     .9952       4,409,131        4
 10      L  - Commercial Personal               6,553,631     .9726       6,738,259       14
 11      L  - Commercial Personal               6,542,609    1.0224       6,399,265        6

Random Totals:                                216,974,499               214,954,732      124
 Cat J Exception Values:                       12,985,533                13,596,190
 Cat D1 Exception Values:                       8,841,234                 9,790,103
 Other Exception Values:                                0                         0
Exception Totals(3):                           21,826,767                23,386,293
Test Values(4):                               238,801,266               238,341,025

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     11,917,051
Confidence Interval Values:
  State Lower Limit:                                      226,423,974  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       238,801,266  (Within Confidence Interval Limits)
  State Upper Limit:                                      250,258,076  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       202,134,792  (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.