taxes Property Tax Assistance

2020 Confidence Interval Detail

Grimes County
154-901/Madisonville CISD

Category Summary

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

Stratum
Variance
A 6,060,750 0.8237 7,357,958 15 123 0.052726938
A 12,396,900 0.7580 16,354,749 16 175 0.015865916
A 13,730,610 0.9888 13,886,135 16 143 0.044816952
A 12,793,590 1.1061 11,566,395 16 74 0.023808266
E 65,177,261 1.0288 63,352,703 21 501 0.062288486
Random Totals: 110,159,111 112,517,940 84 1,016
CATG D1 EXCEPTION VALUES: 3,653,845 3,877,134
CATG J EXCEPTION VALUES: 3,187,342 4,164,561
Total Test Values 117,000,298 120,559,635

Margin of Error

Margin of Error Percent: 5.8241159
Margin of Error Value: 7,021,533

Confidence Interval Values(5)

Local Test Value: 117,000,298 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 113,538,102 (State Test Value minus Margin of Error Percent)
State Upper Limit: 127,581,168 (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