taxes Property Tax Assistance

2021 Confidence Interval Detail

Knox County
138-903/Munday CISD

Category Summary

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

Stratum
Variance
A 4,878,400 0.8061 6,051,855 14 230 0.168465657
A 4,774,180 0.9224 5,175,824 15 135 0.008589182
A 4,903,590 0.9030 5,430,332 15 89 0.023088452
A 4,973,750 0.9629 5,165,386 15 57 0.024426300
E 11,696,160 0.9523 12,282,012 20 272 0.017243724
L1 6,326,743 0.9918 6,379,051 9 45 0.003055957
Random Totals: 37,552,823 40,484,460 88 828
CATG D1 EXCEPTION VALUES: 17,093,820 14,839,452
CATG J EXCEPTION VALUES: 15,574,550 16,370,445
Total Test Values 70,221,193 71,694,357

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 3,584,718

Confidence Interval Values(5)

Local Test Value: 70,221,193 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 68,109,639 (State Test Value minus Margin of Error Percent)
State Upper Limit: 75,279,075 (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