taxes Property Tax Assistance

2023 Confidence Interval Detail

Wise County
184-902/Springtown ISD

Category Summary

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

Stratum
Variance
A 38,278,276 0.9682 39,535,505 10 175 0.017347278
A 44,784,462 0.9715 46,098,262 10 135 0.031081156
A 61,334,046 1.0273 59,704,123 21 145 0.001311265
A 117,146,301 1.0405 112,586,546 11 210 0.002091124
E 184,449,388 1.0121 182,244,233 28 613 0.044710309
Random Totals: 445,992,473 440,168,669 80 1,278
CATG D1 EXCEPTION VALUES: 728,253 293,845
Total Test Values 446,720,726 440,462,514

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 22,023,126

Confidence Interval Values(5)

Local Test Value: 446,720,726 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 418,439,388 (State Test Value minus Margin of Error Percent)
State Upper Limit: 462,485,640 (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