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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     13:13                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        035-903-035 Nazareth

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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          1,888,584     .9739       1,939,197        7
  2      A  - Single-family Residences          1,943,093    1.0065       1,930,544        8
  3      A  - Single-family Residences          1,891,790    1.0350       1,827,816        6
  4      A  - Single-family Residences          1,904,616    1.0358       1,838,787        5
  5      D  - Rural Real                        4,452,100     .9716       4,582,235       10

Random Totals:                                 12,080,183                12,118,579       36
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       9,011,540                10,086,516
 Other Exception Values:                                0                         0
Exception Totals(3):                            9,011,540                10,086,516
Test Values(4):                                21,091,723                22,205,095

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      1,110,255
Confidence Interval Values:
  Local Test Value:                                        21,091,723  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                       21,094,840  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                       23,315,350  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                        22,502,231  (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.