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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
                                                        220-918-220 Eagle Mt-Saginaw

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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        383,454,976     .9958     385,072,280       48
  2      A  - Single-family Residences        382,649,060    1.0107     378,598,061       50
  3      A  - Single-family Residences        382,971,426    1.0189     375,867,530       50
  4      A  - Single-family Residences        382,004,327    1.0088     378,672,013       50
  5      F  - Commercial Real                 114,779,213     .9096     126,186,470        7
  6      F  - Commercial Real                 115,986,399     .8886     130,527,120        8
  7      F  - Commercial Real                 118,980,219     .8998     132,229,628        5
  8      F  - Commercial Real                 108,984,722     .9790     111,322,494        4
  9      L  - Commercial Personal              63,833,255     .8518      74,939,252        9
 10      L  - Commercial Personal              64,743,658    1.0089      64,172,523        6
 11      L  - Commercial Personal              63,448,084    1.0456      60,681,029        5

Random Totals:                              2,181,835,339             2,218,268,400      242
 Cat J Exception Values:                       69,825,452                71,430,577
 Cat D1 Exception Values:                       1,723,124                 1,683,399
 Other Exception Values:                      129,921,865               131,160,867
Exception Totals(3):                          201,470,441               204,274,843
Test Values(4):                             2,383,305,780             2,422,543,243

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    121,127,162
Confidence Interval Values:
  State Lower Limit:                                    2,301,416,081  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                     2,383,305,780  (Within Confidence Interval Limits)
  State Upper Limit:                                    2,543,670,405  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     2,960,399,751  (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.