taxes Property Tax Assistance

2020 Confidence Interval Detail

Palo Pinto County
111-902/Lipan ISD

Category Summary

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

Stratum
Variance
A 5,369,740 1.0035 5,351,011 14 35 0.075949137
E 26,746,680 0.9647 27,725,386 20 173 0.036899922
Random Totals: 32,116,420 33,076,397 34 208
CATG D1 EXCEPTION VALUES: 788,550 763,284
Total Test Values 32,904,970 33,839,681

Margin of Error

Margin of Error Percent: 6.9806984
Margin of Error Value: 2,362,246

Confidence Interval Values(5)

Local Test Value: 32,904,970 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 31,477,435 (State Test Value minus Margin of Error Percent)
State Upper Limit: 36,201,927 (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