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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:02                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        231-902-231 Rankin

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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          1,732,179    1.0062       1,721,506        7
  2      A  - Single-family Residences          1,740,215     .9300       1,871,199        7
  3      A  - Single-family Residences          1,764,324     .9601       1,837,646        9
  4      A  - Single-family Residences          1,705,879     .9841       1,733,441        7
  5      G  - Oil, Gas, Minerals              279,690,980     .9999     279,718,952       29

Random Totals:                                286,633,577               286,882,744       59
 Cat J Exception Values:                       11,821,998                12,120,041
 Cat D1 Exception Values:                       1,917,180                 3,658,895
 Other Exception Values:                                0                         0
Exception Totals(3):                           13,739,178                15,778,936
Test Values(4):                               300,372,755               302,661,680

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     15,133,084
Confidence Interval Values:
  State Lower Limit:                                      287,528,596  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       300,372,755  (Within Confidence Interval Limits)
  State Upper Limit:                                      317,794,764  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       370,539,447  (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.