taxes Property Tax Assistance

2022 Confidence Interval Detail

Palo Pinto County
111-902/Lipan ISD

Category Summary

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

Stratum
Variance
A 6,520,330 0.9805 6,650,005 20 36 0.015871315
E 36,234,750 0.9303 38,949,532 20 186 0.071195412
Random Totals: 42,755,080 45,599,537 40 222
CATG D1 EXCEPTION VALUES: 770,060 790,323
Total Test Values 43,525,140 46,389,860

Margin of Error

Margin of Error Percent: 9.5751097
Margin of Error Value: 4,441,880

Confidence Interval Values(5)

Local Test Value: 43,525,140 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 41,947,980 (State Test Value minus Margin of Error Percent)
State Upper Limit: 50,831,740 (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