taxes Property Tax Assistance

2018 Confidence Interval Detail

093/Grimes
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 3,508,590 0.8685 4,039,827 14 58 .012844518
A 2,677,350 1.0036 2,667,746 11 18 .009863555
A 4,976,600 1.0635 4,679,455 10 19 .004366725
A 4,392,310 1.1023 3,984,677 4 8 .002872591
E 32,237,552 1.0244 31,469,692 21 229 .040223879
G1 10,092,050 1.0031 10,060,861 13 40 .000297916
Random Totals: 57,884,452   56,902,258 73 372  
Catg J Exception Values: 7,263,450   7,634,826      
Catg D1 Exception Values: 2,651,222   2,756,008      
Total Test Values (4): 67,799,124   67,293,092      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 3,364,654

Confidence Interval Values (5)

State Lower Limit: 63,928,438 (State Test Value minus Margin of Error Percent)
Local Test Value: 67,799,124 (Within Confidence Interval)
State Upper Limit: 70,657,746 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 79,437,668 (See ISD Summary Worksheet)

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
(6) Includes local value of unstudied property categories and sub-categories