taxes Property Tax Assistance

2023 Confidence Interval Detail

Johnson County
126-908/Venus ISD

Category Summary

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

Stratum
Variance
A 138,808,469 0.8901 155,947,050 12 1,039 0.050172483
A 130,153,441 0.9890 131,601,053 21 595 0.012783031
A 159,130,175 0.9652 164,867,566 42 572 0.003191871
A 336,206,871 1.0529 319,315,102 58 907 0.005380398
E 128,584,036 1.0620 121,077,247 20 663 0.079987723
Random Totals: 892,882,992 892,808,018 153 3,776
CATG D1 EXCEPTION VALUES: 2,794,806 2,135,327
Total Test Values 895,677,798 894,943,345

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 44,747,167

Confidence Interval Values(5)

Local Test Value: 895,677,798 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 850,196,178 (State Test Value minus Margin of Error Percent)
State Upper Limit: 939,690,512 (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