taxes Property Tax Assistance

2021 Confidence Interval Detail

Mitchell County
168-902/Loraine ISD

Category Summary

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

Stratum
Variance
A 3,640,390 0.8683 4,192,549 10 121 0.054900968
A 3,739,484 0.8586 4,355,327 9 68 0.090556513
A 3,491,921 1.1236 3,107,797 9 40 0.007395391
A 4,948,773 1.0439 4,740,658 7 27 0.007680311
E 15,785,924 1.0311 15,309,790 20 176 0.046275310
Random Totals: 31,606,492 31,706,121 55 432
CATG D1 EXCEPTION VALUES: 13,763,520 12,677,847
CATG J EXCEPTION VALUES: 22,414,040 21,952,518
Total Test Values 67,784,052 66,336,486

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 3,316,824

Confidence Interval Values(5)

Local Test Value: 67,784,052 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 63,019,662 (State Test Value minus Margin of Error Percent)
State Upper Limit: 69,653,310 (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