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Date:   6/27/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     21:36                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        238-902-238 Monahans-Wickett-Pyote

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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         23,197,478     .9783      23,712,029       10
  2      A  - Single-family Residences         23,207,237     .9631      24,096,394       13
  3      A  - Single-family Residences         23,158,442     .9579      24,176,263        8
  4      A  - Single-family Residences         23,148,682     .9469      24,446,807        9
  5      G  - Oil, Gas, Minerals              473,708,530    1.0650     444,796,742       12

Random Totals:                                566,420,369               541,228,235       52
 Cat J Exception Values:                       37,242,992                38,230,551
 Cat D1 Exception Values:                         767,570                   800,331
 Other Exception Values:                                0                         0
Exception Totals(3):                           38,010,562                39,030,882
Test Values(4):                               604,430,931               580,259,117

Margin of Error Percent:                                    5.8078090
Margin of Error Value:                                     33,700,341
Confidence Interval Values:
  State Lower Limit:                                      546,558,776  (State Test Value Minus Margin of Error Value)
  Local Test Value:                                       604,430,931  (Within Confidence Interval Limits)
  State Upper Limit:                                      613,959,458  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                       743,080,625  (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.