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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
                                                        015-909-015 Somerset

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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         33,721,622     .9831      34,301,314       14
  2      A  - Single-family Residences         33,764,199    1.0135      33,314,454       14
  3      A  - Single-family Residences         33,636,466    1.0423      32,271,386       16
  4      A  - Single-family Residences         33,707,429     .9751      34,568,177       13
  5      C  - Vacant Lots                       5,612,551     .9289       6,042,148        7
  6      C  - Vacant Lots                       5,110,470     .9564       5,343,444        7
  7      C  - Vacant Lots                       5,244,956    1.2446       4,214,170        7
  8      C  - Vacant Lots                       5,321,165    1.2407       4,288,841        7
  9      D  - Rural Real                       34,817,605     .8362      41,637,892       20

Random Totals:                                190,936,463               195,981,826      105
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       2,161,984                 2,689,987
 Other Exception Values:                                0                         0
Exception Totals(3):                            2,161,984                 2,689,987
Test Values(4):                               193,098,447               198,671,813

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      9,933,591
Confidence Interval Values:
  State Lower Limit:                                      188,738,222  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       193,098,447  (Within Confidence Interval Limits)
  State Upper Limit:                                      208,605,404  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       207,551,127  (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.