Skip to content
Quick Start for:




Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:08                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        174-909-174 Martinsville

------------------------------------------------------------------------------------------------------------------------------------
                                                              (1)                         (2)
  (1)                  (1)                        (1)       Stratum         (1)         Sample
Stratum              Category                 Local Value    Ratio      State Value      Size
------------------------------------------------------------------------------------------------------------------------------------
  1      A  - Single-family Residences          1,974,246     .9534       2,070,743        7
  2      A  - Single-family Residences          1,978,424     .9951       1,988,166        6
  3      A  - Single-family Residences          2,074,504    1.0086       2,056,815        6
  4      A  - Single-family Residences          1,917,433    1.0041       1,909,604        7
  5      D  - Rural Real                       16,040,770    1.0268      15,622,098       10

Random Totals:                                 23,985,377                23,647,426       36
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       6,497,910                 6,808,583
 Other Exception Values:                                0                         0
Exception Totals(3):                            6,497,910                 6,808,583
Test Values(4):                                30,483,287                30,456,009

Margin of Error Percent:                                    6.6801202
Margin of Error Value:                                      2,034,498
Confidence Interval Values:
  State Lower Limit:                                       28,421,511  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        30,483,287  (Within Confidence Interval Limits)
  State Upper Limit:                                       32,490,507  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        26,471,281  (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.