taxes Property Tax Assistance

2023 Confidence Interval Detail

Collin County
043-919/Lovejoy ISD

Category Summary

(1)
Category 		(1)
Local
Value 		(1)
Stratum
Ratio 		(1)
State
Value 		(2)
Sample
Size 		(3)
Total
Parcels
Stratum
Variance
A 1,012,359,908 0.9751 1,038,211,371 75 1,709 0.013661557
A 1,097,827,869 0.9755 1,125,400,173 42 1,313 0.003333856
A 1,073,148,336 0.9435 1,137,412,121 29 959 0.012779412
A 1,843,234,337 0.9534 1,933,327,394 36 1,067 0.011504301
Random Totals: 5,026,570,450 5,234,351,059 182 5,048
CATG D1 EXCEPTION VALUES: 142,734 93,849
Total Test Values 5,026,713,184 5,234,444,908

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 261,722,245

Confidence Interval Values(5)

Local Test Value: 5,026,713,184 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 4,972,722,663 (State Test Value minus Margin of Error Percent)
State Upper Limit: 5,496,167,153 (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