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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     21:03                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        212-901-212 Arp

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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         31,461,107    1.1348      27,723,922       15
  2      A  - Single-family Residences         31,276,430    1.0197      30,672,188       13
  3      A  - Single-family Residences         31,474,299    1.0413      30,225,967       24
  4      A  - Single-family Residences         31,091,753    1.0040      30,967,881        8
  5      D  - Rural Real                       30,905,800    1.0206      30,281,991       27
  6      G  - Oil, Gas, Minerals               29,261,920    1.0044      29,133,732       12

Random Totals:                                185,471,309               179,005,681       99
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       5,919,173                 5,145,399
 Other Exception Values:                                0                         0
Exception Totals(3):                            5,919,173                 5,145,399
Test Values(4):                               191,390,482               184,151,080

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      9,207,554
Confidence Interval Values:
  State Lower Limit:                                      174,943,526  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       191,390,482  (Within Confidence Interval Limits)
  State Upper Limit:                                      193,358,634  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       195,271,102  (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.