taxes Property Tax Assistance

2020 Confidence Interval Detail

Lamb County
140-905/Olton ISD

Category Summary

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

Stratum
Variance
A 8,475,900 0.8004 10,589,580 15 315 0.036357038
A 8,499,940 0.8916 9,533,356 15 149 0.033895625
A 8,153,140 1.0345 7,881,237 15 88 0.041168659
A 8,782,730 0.9022 9,734,793 15 49 0.046468993
E 21,202,080 0.6968 30,427,784 22 359 0.236206727
L1 7,861,550 1.0063 7,812,332 12 29 0.000279854
Random Totals: 62,975,340 75,979,082 94 989
CATG D1 EXCEPTION VALUES: 29,610,275 22,726,816
Total Test Values 92,585,615 98,705,898

Margin of Error

Margin of Error Percent: 6.3975645
Margin of Error Value: 6,314,773

Confidence Interval Values(5)

Local Test Value: 92,585,615 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 92,391,125 (State Test Value minus Margin of Error Percent)
State Upper Limit: 105,020,671 (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