taxes Property Tax Assistance

2020 Confidence Interval Detail

Palo Pinto County
182-902/Graford ISD

Category Summary

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

Stratum
Variance
A 189,675,780 0.9014 210,423,541 41 812 0.051740708
A 217,116,372 0.9824 221,006,079 35 440 0.026417765
A 235,862,720 0.9650 244,417,326 27 266 0.032099372
A 203,464,180 1.0344 196,697,776 12 114 0.017972179
Random Totals: 846,119,052 872,544,722 115 1,632
CATG D1 EXCEPTION VALUES: 9,256,000 8,236,395
Total Test Values 855,375,052 880,781,117

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 44,039,056

Confidence Interval Values(5)

Local Test Value: 855,375,052 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 836,742,061 (State Test Value minus Margin of Error Percent)
State Upper Limit: 924,820,173 (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