taxes Property Tax Assistance

2023 Confidence Interval Detail

Morris County
172-905/Pewitt CISD

Category Summary

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

Stratum
Variance
A 18,924,310 0.9908 19,100,030 12 344 0.004136618
A 21,982,570 0.9466 23,222,660 12 244 0.020111322
A 25,073,070 1.0031 24,995,584 12 192 0.002628268
A 37,381,570 0.9937 37,618,567 12 174 0.009460462
E 116,481,490 0.9501 122,599,190 20 1,089 0.022679229
F1 3,618,320 0.6215 5,821,915 10 55 0.188772610
F1 4,065,070 0.8066 5,039,759 8 23 0.123570358
F1 5,508,650 0.8490 6,488,398 7 12 0.070759737
F1 3,772,000 1.0301 3,661,695 4 6 0.001940785
Random Totals: 236,807,050 248,547,798 97 2,139
CATG D1 EXCEPTION VALUES: 6,357,350 4,035,807
CATG J EXCEPTION VALUES: 19,995,650 20,813,900
Total Test Values 263,160,050 273,397,505

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 13,669,875

Confidence Interval Values(5)

Local Test Value: 263,160,050 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 259,727,630 (State Test Value minus Margin of Error Percent)
State Upper Limit: 287,067,380 (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