taxes Property Tax Assistance

2023 Confidence Interval Detail

Van Zandt County
234-905/Martins Mill ISD

Category Summary

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

Stratum
Variance
A 13,128,548 1.0456 12,555,995 11 121 0.100593299
A 15,154,980 1.1619 13,043,274 10 75 0.037718609
A 14,190,140 1.1165 12,709,485 9 48 0.035180546
A 32,429,280 1.0984 29,524,108 9 69 0.042772072
E 189,607,310 0.9403 201,645,549 22 862 0.058910407
Random Totals: 264,510,258 269,478,411 61 1,175
CATG D1 EXCEPTION VALUES: 6,793,390 5,545,446
Total Test Values 271,303,648 275,023,857

Margin of Error

Margin of Error Percent: 7.6988415
Margin of Error Value: 21,173,651

Confidence Interval Values(5)

Local Test Value: 271,303,648 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 253,850,206 (State Test Value minus Margin of Error Percent)
State Upper Limit: 296,197,508 (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