taxes Property Tax Assistance

2021 Confidence Interval Detail

Cherokee County
037-908/New Summerfield ISD

Category Summary

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

Stratum
Variance
A 4,452,030 0.8265 5,386,606 16 135 0.066323501
A 5,258,200 0.8706 6,039,743 16 82 0.030755513
A 4,958,670 0.9084 5,458,686 16 51 0.061011025
A 10,547,540 1.0020 10,526,487 16 62 0.008577722
E 32,074,180 0.9995 32,090,225 21 461 0.061993592
L1 1,639,920 0.9746 1,682,660 10 51 0.006416471
Random Totals: 58,930,540 61,184,407 95 842
CATG D1 EXCEPTION VALUES: 3,535,653 3,058,157
CATG J EXCEPTION VALUES: 233,812 235,619
CATG L1 EXCEPTION VALUES: 3,444,410 3,421,500
Total Test Values 66,144,415 67,899,683

Margin of Error

Margin of Error Percent: 5.2195766
Margin of Error Value: 3,544,076

Confidence Interval Values(5)

Local Test Value: 66,144,415 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 64,355,607 (State Test Value minus Margin of Error Percent)
State Upper Limit: 71,443,759 (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