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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:10                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        176-902-176 Newton

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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         13,500,347     .7323      18,435,541        8
  2      A  - Single-family Residences         13,483,308     .8955      15,056,737        8
  3      A  - Single-family Residences         13,506,027     .8201      16,468,756        8
  4      A  - Single-family Residences         13,471,949     .9708      13,877,162        9
  5      D  - Rural Real                       21,431,744    1.0612      20,195,763       17

Random Totals:                                 75,393,375                84,033,959       50
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      64,587,898                62,720,851
 Other Exception Values:                                0                         0
Exception Totals(3):                           64,587,898                62,720,851
Test Values(4):                               139,981,273               146,754,810

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      7,337,741
Confidence Interval Values:
  State Lower Limit:                                      139,417,069  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       139,981,273  (Within Confidence Interval Limits)
  State Upper Limit:                                      154,092,551  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       162,707,555  (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.