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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:45                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        195-901-195 Pecos-Barstow-Toya

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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         17,053,493    1.0057      16,956,839       10
  2      A  - Single-family Residences         17,067,854     .9894      17,250,712       10
  3      A  - Single-family Residences         17,039,132     .9367      18,190,597        9
  4      A  - Single-family Residences         17,053,493     .9788      17,422,858       11
  5      D  - Rural Real                       17,937,150     .9627      18,632,128       15
  6      F  - Commercial Real                   5,799,907    1.0091       5,747,604        9
  7      F  - Commercial Real                   5,807,221     .9097       6,383,666       10
  8      F  - Commercial Real                   6,182,667     .9765       6,331,456        8
  9      G  - Oil, Gas, Minerals              225,939,120    1.0266     220,084,863       41

Random Totals:                                329,880,037               327,000,723      123
 Cat J Exception Values:                       31,931,291                32,586,168
 Cat D1 Exception Values:                       7,975,770                 8,447,316
 Other Exception Values:                        5,365,040                 5,323,089
Exception Totals(3):                           45,272,101                46,356,573
Test Values(4):                               375,152,138               373,357,296

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     18,667,865
Confidence Interval Values:
  State Lower Limit:                                      354,689,431  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       375,152,138  (Within Confidence Interval Limits)
  State Upper Limit:                                      392,025,161  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       436,468,169  (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.