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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     16:22                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        187-907-187 Livingston

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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         86,087,588    1.0238      84,086,333       24
  2      A  - Single-family Residences         86,015,123     .9996      86,049,543       17
  3      A  - Single-family Residences         86,051,356     .9530      90,295,232       29
  4      A  - Single-family Residences         86,051,356     .9222      93,310,948       20
  5      C  - Vacant Lots                      35,975,691    1.2429      28,944,960       41
  6      C  - Vacant Lots                      35,177,570    1.1828      29,740,928       25
  7      C  - Vacant Lots                      35,584,160    1.0599      33,573,130       17
  8      C  - Vacant Lots                      35,538,983    1.2917      27,513,341       11
  9      D  - Rural Real                       60,313,710    1.0827      55,706,761       20
 10      F  - Commercial Real                  18,965,346    1.0227      18,544,388       12
 11      F  - Commercial Real                  19,196,728    1.1544      16,629,182       14
 12      F  - Commercial Real                  18,885,559    1.1354      16,633,397        8
 13      F  - Commercial Real                  18,773,857     .9390      19,993,458        5
 14      L  - Commercial Personal              12,441,009     .8208      15,157,175        8
 15      L  - Commercial Personal              12,414,850    1.0967      11,320,188       11
 16      L  - Commercial Personal              12,587,496     .9134      13,780,924        9
 17      L  - Commercial Personal              12,263,130    1.1619      10,554,376        4

Random Totals:                                672,323,512               651,834,264      275
 Cat J Exception Values:                                0                         0
 Cat D1 Exception Values:                      43,231,740                36,095,677
 Other Exception Values:                                0                         0
Exception Totals(3):                           43,231,740                36,095,677
Test Values(4):                               715,555,252               687,929,941

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     34,396,497
Confidence Interval Values:
  State Lower Limit:                                      653,533,444  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       715,555,252  (Within Confidence Interval Limits)
  State Upper Limit:                                      722,326,438  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       714,687,492  (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.