taxes Property Tax Assistance

2023 Confidence Interval Detail

Young County
252-903/Olney ISD

Category Summary

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

Stratum
Variance
A 15,606,150 0.8776 17,782,760 15 445 0.055746041
A 17,191,970 0.8889 19,340,724 13 246 0.022236809
A 17,693,866 0.9387 18,849,330 12 161 0.010594466
A 19,673,200 0.9756 20,165,232 13 100 0.010091359
E 37,872,739 1.0154 37,298,344 19 330 0.043456427
F1 2,111,130 0.9667 2,183,852 9 83 0.026036150
F1 2,102,340 0.9619 2,185,612 9 30 0.010974641
F1 1,565,660 0.9508 1,646,676 6 11 0.005058395
F1 3,598,360 1.0246 3,511,966 4 11 0.001641251
Random Totals: 117,415,415 122,964,496 100 1,417
CATG D1 EXCEPTION VALUES: 8,387,950 8,217,205
Total Test Values 125,803,365 131,181,701

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 6,559,085

Confidence Interval Values(5)

Local Test Value: 125,803,365 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 124,622,616 (State Test Value minus Margin of Error Percent)
State Upper Limit: 137,740,786 (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