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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:41                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        043-911-043 Princeton

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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         54,391,745     .8531      63,757,760       19
  2      A  - Single-family Residences         54,460,450     .9239      58,946,260       30
  3      A  - Single-family Residences         54,414,647    1.0152      53,599,928       20
  4      A  - Single-family Residences         54,323,040    1.0087      53,854,506       41
  5      C  - Vacant Lots                       5,053,822     .9970       5,069,029       10
  6      C  - Vacant Lots                       4,828,223     .9770       4,941,886        9
  7      C  - Vacant Lots                       4,916,776    1.0173       4,833,162        7
  8      C  - Vacant Lots                       4,937,860    1.0754       4,591,650        7
  9      D  - Rural Real                       41,830,648    1.0176      41,107,162       21
 10      F  - Commercial Real                   5,166,056     .9377       5,509,284        6
 11      F  - Commercial Real                   5,032,286     .9644       5,218,049        5
 12      F  - Commercial Real                   5,507,912    1.0258       5,369,382        4

Random Totals:                                294,863,465               306,798,058      179
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       2,485,897                 2,084,944
 Other Exception Values:                        3,868,128                 5,039,591
Exception Totals(3):                            6,354,025                 7,124,535
Test Values(4):                               301,217,490               313,922,593

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     15,696,130
Confidence Interval Values:
  State Lower Limit:                                      298,226,463  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       301,217,490  (Within Confidence Interval Limits)
  State Upper Limit:                                      329,618,723  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       304,006,824  (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.