taxes Property Tax Assistance

2020 Confidence Interval Detail

Runnels County
200-906/Olfen ISD

Category Summary

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

Stratum
Variance
E 4,604,570 0.9354 4,922,568 19 78 0.034819028
Random Totals: 4,604,570 4,922,568 19 78
CATG D1 EXCEPTION VALUES: 2,468,190 2,211,905
CATG F1 EXCEPTION VALUES: 95,810 93,447
CATG J EXCEPTION VALUES: 10,237 10,338
Total Test Values 7,178,807 7,238,258

Margin of Error

Margin of Error Percent: 5.3172516
Margin of Error Value: 384,876

Confidence Interval Values(5)

Local Test Value: 7,178,807 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 6,853,382 (State Test Value minus Margin of Error Percent)
State Upper Limit: 7,623,134 (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