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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     13:24                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        043-911-043 Princeton

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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         54,384,415     .8531      63,749,168       19
  2      A  - Single-family Residences         54,453,111     .9239      58,938,317       30
  3      A  - Single-family Residences         54,407,313    1.0152      53,592,704       20
  4      A  - Single-family Residences         54,315,719    1.0087      53,847,248       41
  5      C  - Vacant Lots                       5,059,814     .9970       5,075,039       10
  6      C  - Vacant Lots                       4,833,948     .9770       4,947,746        9
  7      C  - Vacant Lots                       4,922,606    1.0173       4,838,893        7
  8      C  - Vacant Lots                       4,943,715    1.0754       4,597,094        7
  9      D  - Rural Real                       41,692,814    1.0176      40,971,712       21
 10      F  - Commercial Real                   5,166,056     .9377       5,509,284        6
 11      F  - Commercial Real                   5,032,286     .9644       5,218,049        5
 12      F  - Commercial Real                   5,507,912    1.0258       5,369,382        4

Random Totals:                                294,719,709               306,654,636      179
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                       2,483,267                 2,082,622
 Other Exception Values:                        3,868,128                 5,039,591
Exception Totals(3):                            6,351,395                 7,122,213
Test Values(4):                               301,071,104               313,776,849

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     15,688,842
Confidence Interval Values:
  State Lower Limit:                                      298,088,007  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       301,071,104  (Within Confidence Interval Limits)
  State Upper Limit:                                      329,465,691  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       304,449,593  (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.