taxes Property Tax Assistance

2022 Confidence Interval Detail

Collin County
043-919/Lovejoy ISD

Category Summary

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

Stratum
Variance
A 541,629,678 0.9110 594,544,103 45 1,164 0.019353700
A 771,853,232 0.8992 858,377,705 52 1,216 0.017003903
A 907,104,961 0.9017 1,005,994,190 51 1,083 0.026557016
A 2,114,194,983 0.9126 2,316,672,127 85 1,575 0.019753579
Random Totals: 4,334,782,854 4,775,588,125 233 5,038
CATG D1 EXCEPTION VALUES: 134,247 81,676
Total Test Values 4,334,917,101 4,775,669,801

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 238,783,490

Confidence Interval Values(5)

Local Test Value: 4,334,917,101 OUTSIDE CONFIDENCE INTERVAL
State Lower Limit: 4,536,886,311 (State Test Value minus Margin of Error Percent)
State Upper Limit: 5,014,453,291 (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