taxes Property Tax Assistance

2023 Confidence Interval Detail

Montgomery County
093-905/Richards ISD

Category Summary

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

Stratum
Variance
A 7,301,760 0.8239 8,862,435 16 53 0.048393152
A 7,612,580 0.8281 9,192,827 16 32 0.054429329
A 7,042,760 0.8670 8,123,137 16 20 0.020226240
E 34,557,650 1.1998 28,802,842 21 92 0.075503607
Random Totals: 56,514,750 54,981,241 69 197
CATG A EXCEPTION VALUES: 6,798,270 7,391,307
CATG D1 EXCEPTION VALUES: 3,399,155 1,489,489
Total Test Values 66,712,175 63,862,037

Margin of Error

Margin of Error Percent: 5.0643590
Margin of Error Value: 3,234,203

Confidence Interval Values(5)

Local Test Value: 66,712,175 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 60,627,834 (State Test Value minus Margin of Error Percent)
State Upper Limit: 67,096,240 (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