taxes Property Tax Assistance

2022 Confidence Interval Detail

Lamb County
140-905/Olton ISD

Category Summary

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

Stratum
Variance
A 8,716,970 0.7982 10,920,784 10 279 0.213193758
A 9,990,280 0.7771 12,855,849 10 153 0.120753704
A 11,605,360 0.8984 12,917,809 11 106 0.043087077
A 13,541,890 0.9726 13,923,391 12 66 0.086311306
E 23,608,680 0.8082 29,211,433 16 348 0.123775166
L1 5,471,020 0.9945 5,501,277 9 26 0.000428009
Random Totals: 72,934,200 85,330,543 68 978
CATG D1 EXCEPTION VALUES: 23,028,248 14,162,339
CATG L1 EXCEPTION VALUES: 0 0
Total Test Values 95,962,448 99,492,882

Margin of Error

Margin of Error Percent: 7.0441120
Margin of Error Value: 7,008,390

Confidence Interval Values(5)

Local Test Value: 95,962,448 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 92,484,492 (State Test Value minus Margin of Error Percent)
State Upper Limit: 106,501,272 (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