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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:19                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        026-901-026 Caldwell

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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         15,962,935    1.0284      15,522,107       13
  2      A  - Single-family Residences         16,023,502     .9838      16,287,357        7
  3      A  - Single-family Residences         15,989,853     .9857      16,221,825       16
  4      A  - Single-family Residences         15,929,286     .9429      16,893,929       10
  5      D  - Rural Real                      118,974,845    1.0378     114,641,400       83
  6      F  - Commercial Real                   5,419,319     .8376       6,470,056        7
  7      F  - Commercial Real                   5,467,157    1.0265       5,326,018        7
  8      F  - Commercial Real                   5,412,485    1.0501       5,154,257        6
  9      F  - Commercial Real                   5,355,536     .9408       5,692,534        5
 10      G  - Oil, Gas, Minerals              102,253,880     .9922     103,057,730       12

Random Totals:                                306,788,798               305,267,213      166
 Cat J Exception Values:                       20,339,560                21,267,448
 Cat D1 Exception Values:                      18,818,850                18,661,821
 Other Exception Values:                                0                         0
Exception Totals(3):                           39,158,410                39,929,269
Test Values(4):                               345,947,208               345,196,482

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     17,259,824
Confidence Interval Values:
  State Lower Limit:                                      327,936,658  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       345,947,208  (Within Confidence Interval Limits)
  State Upper Limit:                                      362,456,306  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       368,115,985  (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.