School and Appraisal Districts' Property Value Study 2003 Preliminary Report



Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:50                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        220-910-220 Lake Worth

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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         49,948,140     .9969      50,103,461       12
  2      A  - Single-family Residences         49,843,074     .9864      50,530,286       16
  3      A  - Single-family Residences         49,927,127    1.0096      49,452,384       36
  4      A  - Single-family Residences         49,885,100    1.0177      49,017,490       33
  5      D  - Rural Real                       22,797,247    1.0331      22,066,835       11
  6      F  - Commercial Real                  30,670,945     .8705      35,233,711        9
  7      F  - Commercial Real                  31,120,477     .9194      33,848,681       10
  8      L  - Commercial Personal              13,402,000    1.0432      12,847,009        9
  9      L  - Commercial Personal              13,497,970    1.0423      12,950,177        6
 10      L  - Commercial Personal              15,857,716    1.0700      14,820,295        2

Random Totals:                                326,949,796               330,870,329      144
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                          46,778                    38,042
 Other Exception Values:                      116,784,896               118,826,150
Exception Totals(3):                          116,831,674               118,864,192
Test Values(4):                               443,781,470               449,734,521

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     22,486,726
Confidence Interval Values:
  State Lower Limit:                                      427,247,795  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       443,781,470  (Within Confidence Interval Limits)
  State Upper Limit:                                      472,221,247  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       457,922,463  (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.