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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     18:08                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        065-901-065 Clarendon

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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         10,020,028     .8724      11,485,589       10
  2      A  - Single-family Residences         10,024,242     .9422      10,639,187        9
  3      A  - Single-family Residences          9,982,106     .8948      11,155,684        9
  4      A  - Single-family Residences         10,007,387    1.0141       9,868,245        6
  5      D  - Rural Real                       13,859,128     .9872      14,038,825        7
  6      F  - Commercial Real                   1,613,986     .9577       1,685,273        8
  7      F  - Commercial Real                   1,632,769     .9848       1,657,970        6
  8      F  - Commercial Real                   1,618,681    1.0222       1,583,527        5
  9      F  - Commercial Real                   1,511,351    1.0180       1,484,628        3

Random Totals:                                 60,269,678                63,598,928       63
 Cat J Exception Values:                       10,274,322                10,815,825
 Cat D1 Exception Values:                      25,253,194                25,228,953
 Other Exception Values:                                0                         0
Exception Totals(3):                           35,527,516                36,044,778
Test Values(4):                                95,797,194                99,643,706

Margin of Error Percent:                                    5.1334863
Margin of Error Value:                                      5,115,196
Confidence Interval Values:
  State Lower Limit:                                       94,528,510  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                        95,797,194  (Within Confidence Interval Limits)
  State Upper Limit:                                      104,758,902  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        99,191,259  (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.