taxes Property Tax Assistance

2020 Confidence Interval Detail

Grayson County
091-918/Tom Bean ISD

Category Summary

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

Stratum
Variance
A 48,096,374 0.9337 51,511,593 13 430 0.026714992
A 57,902,743 0.9224 62,774,006 10 323 0.028431519
A 55,762,724 0.9465 58,914,658 12 230 0.014403182
A 67,070,682 1.0116 66,301,584 14 185 0.004417528
E 107,790,639 1.0157 106,124,485 18 541 0.006483949
Random Totals: 336,623,162 345,626,326 67 1,709
CATG D1 EXCEPTION VALUES: 2,733,531 1,588,031
Total Test Values 339,356,693 347,214,357

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 17,360,718

Confidence Interval Values(5)

Local Test Value: 339,356,693 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 329,853,639 (State Test Value minus Margin of Error Percent)
State Upper Limit: 364,575,075 (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