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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:09                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        018-901-018 Clifton

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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         32,684,624    1.0708      30,523,556        7
  2      A  - Single-family Residences         32,698,380    1.0047      32,545,417       13
  3      A  - Single-family Residences         32,657,112    1.0464      31,209,014        7
  4      A  - Single-family Residences         32,629,599    1.0981      29,714,597       12
  5      D  - Rural Real                       48,379,490    1.0509      46,036,245       11
  6      F  - Commercial Real                   5,885,825    1.0042       5,861,208        7
  7      F  - Commercial Real                   5,807,117    1.0384       5,592,370        7
  8      F  - Commercial Real                   6,035,860     .8623       6,999,722        6
  9      F  - Commercial Real                   5,647,243    1.0156       5,560,499        3

Random Totals:                                202,425,250               194,042,628       73
 Cat J Exception Values:                       27,853,732                29,597,442
 Cat D1 Exception Values:                      11,053,190                10,463,667
 Other Exception Values:                                0                         0
Exception Totals(3):                           38,906,922                40,061,109
Test Values(4):                               241,332,172               234,103,737

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     11,705,187
Confidence Interval Values:
  State Lower Limit:                                      222,398,550  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       241,332,172  (Within Confidence Interval Limits)
  State Upper Limit:                                      245,808,924  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       369,655,930  (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.