taxes Property Tax Assistance

2023 Confidence Interval Detail

Wood County
230-905/Harmony ISD

Category Summary

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

Stratum
Variance
A 76,470,895 1.0364 73,785,117 19 426 0.009581288
A 81,398,680 1.0165 80,077,403 11 334 0.009636558
A 113,280,110 1.0114 112,003,273 23 370 0.016344540
A 205,777,442 1.0231 201,131,309 18 433 0.005223466
E 65,686,925 0.9779 67,171,413 10 497 0.027382677
Random Totals: 542,614,052 534,168,515 81 2,060
CATG D1 EXCEPTION VALUES: 3,200,583 2,888,681
Total Test Values 545,814,635 537,057,196

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 26,852,860

Confidence Interval Values(5)

Local Test Value: 545,814,635 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 510,204,336 (State Test Value minus Margin of Error Percent)
State Upper Limit: 563,910,056 (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