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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     19:26                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        120-902-120 Ganado

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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          6,156,632     .9532       6,458,909        7
  2      A  - Single-family Residences          6,094,911     .9464       6,440,100        8
  3      A  - Single-family Residences          6,102,626     .9271       6,582,489        7
  4      A  - Single-family Residences          6,082,053     .9927       6,126,778        8
  5      D  - Rural Real                       31,252,734     .9456      33,050,692       10
  6      F  - Commercial Real                   2,177,301    1.0130       2,149,359        6
  7      F  - Commercial Real                   2,261,749     .9595       2,357,216        6
  8      F  - Commercial Real                   2,224,114     .9386       2,369,608        5
  9      G  - Oil, Gas, Minerals                9,532,961     .9938       9,592,434       12

Random Totals:                                 71,885,081                75,127,585       69
 Cat J Exception Values:                        7,559,617                 7,377,254
 Cat D1 Exception Values:                      16,773,770                16,565,610
 Other Exception Values:                        7,124,358                 6,189,302
Exception Totals(3):                           31,457,745                30,132,166
Test Values(4):                               103,342,826               105,259,751

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                      5,262,988
Confidence Interval Values:
  State Lower Limit:                                       99,996,763  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       103,342,826  (Within Confidence Interval Limits)
  State Upper Limit:                                      110,522,739  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       106,075,799  (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.