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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     20:52                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        201-902-201 Henderson

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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         69,736,493     .8783      79,399,400       32
  2      A  - Single-family Residences         69,765,856     .9757      71,503,388        8
  3      A  - Single-family Residences         69,677,768     .9226      75,523,269        6
  4      A  - Single-family Residences         69,736,493     .8063      86,489,511        8
  5      D  - Rural Real                       68,945,970     .8662      79,595,902       18
  6      F  - Commercial Real                  15,159,879    1.0035      15,107,004       10
  7      F  - Commercial Real                  15,293,474     .9780      15,637,499        9
  8      F  - Commercial Real                  15,719,706     .9865      15,934,826        7
  9      F  - Commercial Real                  14,275,605    1.0096      14,139,862        4
 10      G  - Oil, Gas, Minerals              118,105,930    1.0138     116,498,254       12
 11      L  - Commercial Personal               9,860,559     .9583      10,289,637        8
 12      L  - Commercial Personal               9,968,461     .9623      10,358,995        7
 13      L  - Commercial Personal              10,101,263     .9487      10,647,479        6
 14      L  - Commercial Personal               9,499,503    1.0013       9,487,170        3

Random Totals:                                565,846,960               610,612,196      138
 Cat J Exception Values:                       26,116,514                26,600,416
 Cat D1 Exception Values:                      30,227,180                29,133,699
 Other Exception Values:                                0                         0
Exception Totals(3):                           56,343,694                55,734,115
Test Values(4):                               622,190,654               666,346,311

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                     33,317,316
Confidence Interval Values:
  Local Test Value:                                       622,190,654  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                      633,028,995  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                      699,663,627  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       846,877,783  (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.