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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:20                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        249-904-249 Chico

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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         12,191,387     .9527      12,796,669        8
  2      A  - Single-family Residences         12,119,127     .9500      12,756,976        6
  3      A  - Single-family Residences         12,237,841    1.0184      12,016,733        7
  4      A  - Single-family Residences         12,495,914     .9546      13,090,210        8
  5      D  - Rural Real                       47,407,900    1.1671      40,620,255       24
  6      G  - Oil, Gas, Minerals               21,224,290     .8565      24,780,257       13

Random Totals:                                117,676,459               116,061,100       66
 Cat J Exception Values:                       10,964,160                12,430,649
 Cat D1 Exception Values:                       3,587,690                 3,430,480
 Other Exception Values:                                0                         0
Exception Totals(3):                           14,551,850                15,861,129
Test Values(4):                               132,228,309               131,922,229

Margin of Error Percent:                                    5.0364029
Margin of Error Value:                                      6,644,135
Confidence Interval Values:
  State Lower Limit:                                      125,278,094  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       132,228,309  (Within Confidence Interval Limits)
  State Upper Limit:                                      138,566,364  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       220,388,555  (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.