taxes Property Tax Assistance

2022 Confidence Interval Detail

Grimes County
093-903/Iola ISD

Category Summary

(1)
Category
(1)
Local
Value
(1)
Stratum
Ratio
(1)
State
Value
(2)
Sample
Size
(3)
Total
Parcels

Stratum
Variance
A 38,546,046 0.8665 44,484,762 11 224 0.025635388
A 30,470,385 0.9643 31,598,450 12 74 0.010488458
A 53,641,060 1.0168 52,754,780 10 103 0.007389488
A 76,530,760 0.9899 77,311,607 10 105 0.006625044
E 200,148,263 0.9179 218,050,183 21 1,018 0.012995335
G1 57,474,839 1.0151 56,619,879 9 35 0.000143399
Random Totals: 456,811,353 480,819,661 73 1,559
CATG D1 EXCEPTION VALUES: 5,696,095 5,132,775
CATG J EXCEPTION VALUES: 14,636,227 15,357,917
Total Test Values 477,143,675 501,310,353

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 25,065,518

Confidence Interval Values(5)

Local Test Value: 477,143,675 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 476,244,835 (State Test Value minus Margin of Error Percent)
State Upper Limit: 526,375,871 (State Test Value plus Margin of Error Percent)

Sources:
(1) See Stratified Category Worksheet Reports PTS236, PTS430
(2) Number of parcels sampled by staff
(3) Total Category Parcels from Stratification Report, Appraisal Roll, or Self-report
(4) Includes any parcels in A, B, C, D2, E, F1, G1, G2, or L1 marked as exception properties
(5) Unstudied categories and sub-categories were not included in the Confidence Interval Values