taxes Property Tax Assistance

2023 Confidence Interval Detail

Milam County
166-903/Milano ISD

Category Summary

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

Stratum
Variance
A 4,663,240 0.9590 4,862,607 10 80 0.011224998
A 8,220,741 0.9822 8,369,722 9 64 0.016175557
A 10,338,740 1.0651 9,706,826 8 48 0.015442361
A 13,110,360 1.0339 12,680,491 7 37 0.022223406
E 169,953,913 0.9471 179,446,640 20 817 0.059122357
Random Totals: 206,286,994 215,066,286 54 1,046
CATG D1 EXCEPTION VALUES: 5,613,939 5,346,291
CATG J EXCEPTION VALUES: 11,750,460 12,338,667
Total Test Values 223,651,393 232,751,244

Margin of Error

Margin of Error Percent: 8.3530125
Margin of Error Value: 19,441,741

Confidence Interval Values(5)

Local Test Value: 223,651,393 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 213,309,503 (State Test Value minus Margin of Error Percent)
State Upper Limit: 252,192,985 (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