taxes Property Tax Assistance

2020 Confidence Interval Detail

McLennan County
161-907/Lorena ISD

Category Summary

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

Stratum
Variance
A 106,604,955 0.9497 112,251,190 19 655 0.012948143
A 125,500,021 0.8887 141,217,532 22 549 0.117313510
A 122,874,553 1.0171 120,808,724 15 377 0.009979082
A 141,555,907 0.9880 143,275,210 16 290 0.005570289
E 117,040,704 0.9445 123,918,162 20 562 0.391060839
Random Totals: 613,576,140 641,470,818 92 2,433
CATG D1 EXCEPTION VALUES: 3,791,654 3,274,424
Total Test Values 617,367,794 644,745,242

Margin of Error

Margin of Error Percent: 6.2797412
Margin of Error Value: 40,488,333

Confidence Interval Values(5)

Local Test Value: 617,367,794 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 604,256,909 (State Test Value minus Margin of Error Percent)
State Upper Limit: 685,233,575 (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