taxes Property Tax Assistance

2023 Confidence Interval Detail

Floyd County
077-902/Lockney ISD

Category Summary

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

Stratum
Variance
A 6,630,660 0.7221 9,182,468 12 234 0.150464060
A 8,014,880 0.8200 9,774,244 12 160 0.046829190
A 8,261,960 0.8324 9,925,469 12 102 0.073122568
A 10,329,090 0.8440 12,238,258 12 70 0.055061288
E 15,590,630 0.8000 19,488,288 17 317 0.054293246
Random Totals: 48,827,220 60,608,727 65 883
CATG D1 EXCEPTION VALUES: 17,729,580 8,319,711
CATG J EXCEPTION VALUES: 14,209,750 14,524,133
Total Test Values 80,766,550 83,452,571

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 4,172,629

Confidence Interval Values(5)

Local Test Value: 80,766,550 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 79,279,942 (State Test Value minus Margin of Error Percent)
State Upper Limit: 87,625,200 (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