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
                                                        220-920-220 White Settlement

------------------------------------------------------------------------------------------------------------------------------------
                                                              (1)                         (2)
  (1)                  (1)                        (1)       Stratum         (1)         Sample
Stratum              Category                 Local Value    Ratio      State Value      Size
------------------------------------------------------------------------------------------------------------------------------------
  1      A  - Single-family Residences        138,925,984     .9949     139,638,139       38
  2      A  - Single-family Residences        137,297,718     .9736     141,020,664       50
  3      A  - Single-family Residences        138,228,156    1.0158     136,078,122       50
  4      A  - Single-family Residences        137,879,242    1.0186     135,361,518       47
  5      F  - Commercial Real                  42,625,581     .8515      50,059,402        8
  6      F  - Commercial Real                  43,192,741     .9397      45,964,394        7
  7      F  - Commercial Real                  42,342,002     .8338      50,781,964        6
  8      F  - Commercial Real                  40,339,220     .9025      44,697,197        3
  9      L  - Commercial Personal              17,971,448     .9917      18,121,859       10
 10      L  - Commercial Personal              19,093,722    1.0803      17,674,463        6
 11      L  - Commercial Personal              21,443,718    1.0349      20,720,570        2

Random Totals:                                779,339,532               800,118,292      227
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                         567,248                   460,277
 Other Exception Values:                       13,505,545                13,180,244
Exception Totals(3):                           14,072,793                13,640,521
Test Values(4):                               793,412,325               813,758,813

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     40,687,941
Confidence Interval Values:
  State Lower Limit:                                      773,070,872  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       793,412,325  (Within Confidence Interval Limits)
  State Upper Limit:                                      854,446,754  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       794,674,894  (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.