School and Appraisal Districts' Property Value Study 2003 Preliminary Report



Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:41                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        212-905-212 Tyler

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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        635,256,967    1.0092     629,465,881       65
  2      A  - Single-family Residences        634,188,859    1.0004     633,935,285       65
  3      A  - Single-family Residences        632,853,725    1.0024     631,338,513       65
  4      A  - Single-family Residences        633,654,805     .9961     636,135,734       65
  5      F  - Commercial Real                 266,879,676     .9838     271,274,320       37
  6      F  - Commercial Real                 266,655,125    1.0157     262,533,351       13
  7      F  - Commercial Real                 267,665,607    1.0479     255,430,487       13
  8      F  - Commercial Real                 265,307,815    1.0063     263,646,840        8
  9      L  - Commercial Personal             137,908,408    1.0661     129,357,854        7
 10      L  - Commercial Personal             138,720,999     .9910     139,980,826       11
 11      L  - Commercial Personal             138,662,957     .9947     139,401,786        7
 12      L  - Commercial Personal             136,051,055    1.0113     134,530,856        6

Random Totals:                              4,153,805,998             4,127,031,733      362
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      12,772,461                11,138,129
 Other Exception Values:                                0                         0
Exception Totals(3):                           12,772,461                11,138,129
Test Values(4):                             4,166,578,459             4,138,169,862

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    206,908,493
Confidence Interval Values:
  State Lower Limit:                                    3,931,261,369  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     4,166,578,459  (Within Confidence Interval Limits)
  State Upper Limit:                                    4,345,078,355  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     4,781,142,448  (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.