taxes Property Tax Assistance

2023 Confidence Interval Detail

Denton County
061-914/Little Elm ISD

Category Summary

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

Stratum
Variance
A 785,697,893 0.9995 786,090,938 58 2,421 0.004362304
A 2,022,984,153 1.0175 1,988,190,814 98 5,078 0.003559423
A 3,504,114,600 1.0067 3,480,793,285 96 6,903 0.007608321
A 3,487,525,773 0.9791 3,561,970,966 99 4,171 0.037475271
F1 79,071,739 1.0012 78,976,967 10 155 0.084515513
F1 84,456,312 1.1304 74,713,652 8 39 0.044142483
F1 90,137,650 0.8685 103,785,435 6 17 0.068933719
F1 89,811,509 0.7891 113,815,117 3 6 0.250397684
Random Totals: 10,143,799,629 10,188,337,174 378 18,790
CATG D1 EXCEPTION VALUES: 76,784 68,964
Total Test Values 10,143,876,413 10,188,406,138

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 509,420,307

Confidence Interval Values(5)

Local Test Value: 10,143,876,413 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 9,678,985,831 (State Test Value minus Margin of Error Percent)
State Upper Limit: 10,697,826,445 (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