taxes Property Tax Assistance

2023 Confidence Interval Detail

Hamilton County
097-903/Hico ISD

Category Summary

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

Stratum
Variance
A 30,705,089 0.8033 38,223,689 13 265 0.072567370
A 23,590,857 0.9352 25,225,467 12 132 0.064112753
A 22,967,997 1.0818 21,231,278 12 94 0.019009110
A 18,957,280 1.1239 16,867,408 12 47 0.041422323
E 118,419,328 0.9589 123,494,971 20 588 0.282495361
F1 5,532,862 0.6997 7,907,477 9 50 0.055244437
F1 7,204,320 0.8559 8,417,245 7 26 0.030128469
F1 6,050,889 0.9702 6,236,744 6 12 0.000375970
Random Totals: 233,428,622 247,604,279 91 1,214
CATG D1 EXCEPTION VALUES: 6,153,446 5,182,214
CATG F1 EXCEPTION VALUES: 3,771,438 4,444,790
CATG J EXCEPTION VALUES: 21,920,430 21,979,077
Total Test Values 265,273,936 279,210,360

Margin of Error

Margin of Error Percent: 10.5653602
Margin of Error Value: 29,499,580

Confidence Interval Values(5)

Local Test Value: 265,273,936 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 249,710,780 (State Test Value minus Margin of Error Percent)
State Upper Limit: 308,709,940 (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