taxes Property Tax Assistance

2023 Confidence Interval Detail

Castro County
035-903/Nazareth ISD

Category Summary

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

Stratum
Variance
A 7,224,240 0.9545 7,568,612 13 78 0.060797398
A 6,882,630 1.0813 6,365,144 12 41 0.079848485
A 7,573,370 0.9970 7,596,158 12 29 0.031726945
A 8,503,920 1.1652 7,298,249 12 21 0.023241135
E 12,123,090 0.8416 14,404,812 20 136 0.279324928
Random Totals: 42,307,250 43,232,975 69 305
CATG D1 EXCEPTION VALUES: 12,967,296 11,490,254
CATG J EXCEPTION VALUES: 10,565,800 10,789,320
Total Test Values 65,840,346 65,512,549

Margin of Error

Margin of Error Percent: 5.2913401
Margin of Error Value: 3,466,492

Confidence Interval Values(5)

Local Test Value: 65,840,346 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 62,046,057 (State Test Value minus Margin of Error Percent)
State Upper Limit: 68,979,041 (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