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
                                                        212-910-212 Winona

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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         13,968,322    1.1388      12,265,825        9
  2      A  - Single-family Residences         13,933,063    1.0130      13,754,258        7
  3      A  - Single-family Residences         13,962,445    1.0114      13,805,067        5
  4      A  - Single-family Residences         13,938,939    1.0728      12,993,045        9
  5      D  - Rural Real                       45,180,430    1.1162      40,477,002       37
  6      F  - Commercial Real                   5,061,122    1.0016       5,053,037        7
  7      F  - Commercial Real                   5,168,630     .9605       5,381,187        5
  8      F  - Commercial Real                   4,717,925    1.0507       4,490,268        4
  9      G  - Oil, Gas, Minerals                8,403,729     .9262       9,073,342       12
 10      L  - Commercial Personal               4,670,050    1.0360       4,507,770        7
 11      L  - Commercial Personal               4,964,105     .9734       5,099,759        6
 12      L  - Commercial Personal               5,292,981    1.0366       5,106,098        4

Random Totals:                                139,261,741               132,006,658      112
 Cat J Exception Values:                       10,515,990                10,924,083
 Cat D1 Exception Values:                       9,451,377                 8,132,234
 Other Exception Values:                       15,784,310                15,983,831
Exception Totals(3):                           35,751,677                35,040,148
Test Values(4):                               175,013,418               167,046,806

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      8,352,340
Confidence Interval Values:
  State Lower Limit:                                      158,694,466  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       175,013,418  (Within Confidence Interval Limits)
  State Upper Limit:                                      175,399,146  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       212,628,496  (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.