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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:32                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        212-904-037 Troup

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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          8,987,255     .9132       9,841,497        8
  2      A  - Single-family Residences          8,949,525     .9591       9,331,170        7
  3      A  - Single-family Residences          8,960,844     .9668       9,268,560        8
  4      A  - Single-family Residences          8,930,660     .9708       9,199,279        8
  5      D  - Rural Real                       37,936,660     .9122      41,588,095       12
  6      G  - Oil, Gas, Minerals               37,527,155     .9992      37,557,201       12

Random Totals:                                111,292,099               116,785,802       55
 Cat J Exception Values:                        7,447,670                 7,856,371
 Cat D1 Exception Values:                       8,964,750                 7,266,432
 Other Exception Values:                                0                         0
Exception Totals(3):                           16,412,420                15,122,803
Test Values(4):                               127,704,519               131,908,605

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      6,595,430
Confidence Interval Values:
  State Lower Limit:                                      125,313,175  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       127,704,519  (Within Confidence Interval Limits)
  State Upper Limit:                                      138,504,035  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       131,691,737  (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.