taxes Property Tax Assistance

2023 Confidence Interval Detail

Wood County
250-904/Quitman ISD

Category Summary

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

Stratum
Variance
A 59,915,120 0.8656 69,218,022 10 692 0.112007297
A 63,096,117 0.9821 64,246,123 9 400 0.041086836
A 86,921,913 1.1169 77,824,257 11 378 0.040761953
A 109,939,993 1.0567 104,040,875 10 284 0.018149187
E 477,389,581 0.9687 492,814,680 37 2,964 0.062236165
F1 15,980,940 0.9196 17,378,143 12 102 0.021057883
F1 16,878,245 0.9406 17,944,126 10 37 0.018822710
F1 17,729,270 1.0104 17,546,783 7 13 0.007684727
F1 13,626,770 1.0653 12,791,189 1 3 0.000000000
Random Totals: 861,477,949 873,804,198 107 4,873
CATG D1 EXCEPTION VALUES: 12,676,725 10,532,627
Total Test Values 874,154,674 884,336,825

Margin of Error

Margin of Error Percent: 5.1014272
Margin of Error Value: 45,113,799

Confidence Interval Values(5)

Local Test Value: 874,154,674 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 839,223,026 (State Test Value minus Margin of Error Percent)
State Upper Limit: 929,450,624 (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