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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     12:53                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        015-905-015 Edgewood

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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        147,924,509     .9185     161,050,091       10
  2      A  - Single-family Residences        146,809,033     .8810     166,639,084       15
  3      A  - Single-family Residences        146,871,004     .9310     157,756,180       18
  4      A  - Single-family Residences        146,994,945    1.0099     145,553,961       23
  5      F  - Commercial Real                  32,427,104     .9180      35,323,643       10
  6      F  - Commercial Real                  33,026,849    1.0050      32,862,536        8
  7      F  - Commercial Real                  32,454,365     .8818      36,804,678        8

Random Totals:                                686,507,809               735,990,173       92
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                          40,114                    24,086
 Other Exception Values:                       35,348,850                42,507,816
Exception Totals(3):                           35,388,964                42,531,902
Test Values(4):                               721,896,773               778,522,075

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     38,926,104
Confidence Interval Values:
  Local Test Value:                                       721,896,773  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      739,595,971  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      817,448,179  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       656,447,327  (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.