taxes Property Tax Assistance

2023 Confidence Interval Detail

Houston County
113-903/Lovelady ISD

Category Summary

(1)
Category 		(1)
Local
Value 		(1)
Stratum
Ratio 		(1)
State
Value 		(2)
Sample
Size 		(3)
Total
Parcels
Stratum
Variance
A 9,849,600 0.8519 11,561,920 12 145 0.116445293
A 12,525,290 0.9276 13,502,900 11 107 0.036567082
A 12,764,030 0.9599 13,297,250 11 77 0.016786069
A 18,913,340 1.0935 17,296,150 9 74 0.015703555
E 158,796,450 0.8329 190,654,881 28 1,349 0.035252107
G1 39,687,440 1.0220 38,833,112 11 43 0.002889060
Random Totals: 252,536,150 285,146,213 82 1,795
CATG D1 EXCEPTION VALUES: 24,056,280 25,047,334
CATG J EXCEPTION VALUES: 18,221,170 19,553,117
Total Test Values 294,813,600 329,746,664

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 16,487,333

Confidence Interval Values(5)

Local Test Value: 294,813,600 OUTSIDE CONFIDENCE INTERVAL
State Lower Limit: 313,259,331 (State Test Value minus Margin of Error Percent)
State Upper Limit: 346,233,997 (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