taxes Property Tax Assistance

2023 Confidence Interval Detail

Mitchell County
168-901/Colorado ISD

Category Summary

(1)
Category 		(1)
Local
Value 		(1)
Stratum
Ratio 		(1)
State
Value 		(2)
Sample
Size 		(3)
Total
Parcels
Stratum
Variance
A 29,854,455 0.8402 35,532,558 15 690 0.075400885
A 30,182,617 0.9241 32,661,635 13 423 0.011547162
A 30,965,259 0.9408 32,913,753 14 277 0.055438489
A 38,512,637 1.0140 37,980,904 15 189 0.010695701
E 64,125,570 0.9053 70,833,503 23 551 0.031912934
F1 8,870,116 0.9449 9,387,360 12 131 0.000613262
F1 8,560,684 0.9832 8,706,961 9 39 0.000965315
F1 9,439,311 0.9835 9,597,673 10 18 0.001579710
F1 9,047,127 0.8630 10,483,345 4 6 0.017766653
G1 20,398,270 1.0177 20,043,500 8 24 0.002278674
Random Totals: 249,956,046 268,141,192 123 2,348
CATG D1 EXCEPTION VALUES: 20,515,451 18,200,333
CATG G1 EXCEPTION VALUES: 111,243,340 111,138,017
CATG J EXCEPTION VALUES: 45,345,573 42,478,550
Total Test Values 427,060,410 439,958,092

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 21,997,905

Confidence Interval Values(5)

Local Test Value: 427,060,410 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 417,960,187 (State Test Value minus Margin of Error Percent)
State Upper Limit: 461,955,997 (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