taxes Property Tax Assistance

2023 Confidence Interval Detail

Smith County
234-906/Van ISD

Category Summary

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

Stratum
Variance
A 14,609,611 0.9788 14,926,043 10 145 0.006070997
A 21,960,057 1.0312 21,295,633 9 94 0.007872745
A 18,658,025 1.0283 18,144,535 9 51 0.001917427
A 38,944,573 1.0187 38,229,678 8 62 0.001049897
E 119,233,030 0.9072 131,429,707 23 454 0.038688380
Random Totals: 213,405,296 224,025,596 59 806
CATG D1 EXCEPTION VALUES: 2,704,267 2,072,113
Total Test Values 216,109,563 226,097,709

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 11,304,885

Confidence Interval Values(5)

Local Test Value: 216,109,563 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 214,792,824 (State Test Value minus Margin of Error Percent)
State Upper Limit: 237,402,594 (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