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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:19                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        184-911-184 Garner

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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          2,931,406    1.0180       2,879,574        7
  2      A  - Single-family Residences          2,942,561    1.0081       2,918,918        6
  3      A  - Single-family Residences          3,033,044     .9447       3,210,590        7
  4      A  - Single-family Residences          2,884,305    1.0984       2,625,915        5
  5      D  - Rural Real                       32,942,200     .9645      34,154,692       10

Random Totals:                                 44,733,516                45,789,689       35
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       2,067,980                 1,654,381
 Other Exception Values:                                0                         0
Exception Totals(3):                            2,067,980                 1,654,381
Test Values(4):                                46,801,496                47,444,070

Margin of Error Percent:                                    8.3515558
Margin of Error Value:                                      3,962,318
Confidence Interval Values:
  State Lower Limit:                                       43,481,752  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        46,801,496  (Within Confidence Interval Limits)
  State Upper Limit:                                       51,406,388  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        88,845,922  (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.