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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
                                                        015-910-015 Northeast

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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      2,814,990,742     .9885   2,847,739,749       46
  2      A  - Single-family Residences      2,813,805,483     .9755   2,884,475,124       51
  3      A  - Single-family Residences      2,816,176,002     .9794   2,875,409,436       48
  4      A  - Single-family Residences      2,811,434,964     .9904   2,838,686,353       51
  5      B  - Multi-family Residences         309,134,287     .8704     355,163,473       54
  6      B  - Multi-family Residences         307,706,115     .7677     400,815,572        7
  7      B  - Multi-family Residences         318,871,823     .7121     447,790,792        9
  8      B  - Multi-family Residences         297,319,411     .8593     346,001,875        8
  9      C  - Vacant Lots                     105,618,831     .9162     115,279,231       43
 10      C  - Vacant Lots                     105,663,302     .9157     115,390,742       33
 11      C  - Vacant Lots                     106,285,897     .8937     118,927,937        8
 12      C  - Vacant Lots                     104,907,294     .8579     122,283,826        7
 13      F  - Commercial Real                 842,388,118     .9500     886,724,335       22
 14      F  - Commercial Real                 841,679,037     .8037   1,047,255,241       13
 15      F  - Commercial Real                 843,451,739     .7934   1,063,085,126        9
 16      F  - Commercial Real                 840,969,956     .8797     955,973,577        8
 17      L  - Commercial Personal             369,378,957    1.0336     357,371,282        7
 18      L  - Commercial Personal             370,000,545    1.0544     350,910,987        7
 19      L  - Commercial Personal             369,689,751    1.0143     364,477,720        7
 20      L  - Commercial Personal             367,203,397    1.0202     359,932,755        8

Random Totals:                             17,756,675,651            18,853,695,133      446
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                         197,498                   263,805
 Other Exception Values:                                0                         0
Exception Totals(3):                              197,498                   263,805
Test Values(4):                            17,756,873,149            18,853,958,938

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    942,697,947
Confidence Interval Values:
  Local Test Value:                                    17,756,873,149  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                   17,911,260,991  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                   19,796,656,885  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                    17,152,929,463  (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.