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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:13                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        178-906-178 London

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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         10,262,031     .9960      10,303,244       10
  2      A  - Single-family Residences         10,413,198     .9810      10,614,881       11
  3      A  - Single-family Residences         10,240,436    1.0166      10,073,221       10
  4      A  - Single-family Residences         10,136,779     .9999      10,137,793        9
  5      D  - Rural Real                        7,458,217     .9858       7,565,649       24
  6      G  - Oil, Gas, Minerals                3,749,791     .9685       3,871,751       12

Random Totals:                                 52,260,452                52,566,539       76
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      13,630,533                14,627,266
 Other Exception Values:                        4,122,929                 4,148,284
Exception Totals(3):                           17,753,462                18,775,550
Test Values(4):                                70,013,914                71,342,089

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      3,567,104
Confidence Interval Values:
  State Lower Limit:                                       67,774,985  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        70,013,914  (Within Confidence Interval Limits)
  State Upper Limit:                                       74,909,193  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        80,308,092  (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.