taxes Property Tax Assistance

2019 Confidence Interval Detail

Floyd County
077-902/Lockney ISD

Category Summary

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

Stratum
Variance
A 6,514,080 0.8827 7,379,721 15 264 0.026393759
A 6,548,430 0.9037 7,246,243 15 147 0.012236614
A 6,880,380 0.9398 7,321,111 15 93 0.010357733
A 6,849,260 0.9316 7,352,147 15 52 0.006015140
E 12,195,040 0.8608 14,167,100 20 319 0.021546106
L1 656,040 0.9952 659,204 6 19 0.005378364
L1 960,650 1.0597 906,530 4 8 0.006536640
Random Totals: 40,603,880 45,032,056 90 902
CATG D1 EXCEPTION VALUES: 33,718,750 26,370,056
CATG J EXCEPTION VALUES: 8,484,130 8,689,722
CATG L1 EXCEPTION VALUES: 1,306,770 1,280,101
Total Test Values(3) 84,113,530 81,371,935

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 4,068,597

Confidence Interval Values(5)

Local Test Value: 84,113,530 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 77,303,338 (State Test Value minus Margin of Error Percent)
State Upper Limit: 85,440,532 (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