taxes Property Tax Assistance

2023 Confidence Interval Detail

Mitchell County
168-902/Loraine ISD

Category Summary

(1)
Category 		(1)
Local
Value 		(1)
Stratum
Ratio 		(1)
State
Value 		(2)
Sample
Size 		(3)
Total
Parcels
Stratum
Variance
A 3,664,622 0.9202 3,982,419 13 99 0.016066459
A 3,966,249 0.9227 4,298,525 12 62 0.013184101
A 3,894,673 0.9579 4,065,845 13 38 0.001664811
A 3,213,673 0.9450 3,400,712 12 16 0.002580859
E 25,794,917 0.9643 26,749,888 21 210 0.033796085
Random Totals: 40,534,134 42,497,389 71 425
CATG D1 EXCEPTION VALUES: 13,064,419 9,548,383
CATG J EXCEPTION VALUES: 24,354,628 23,018,168
Total Test Values 77,953,181 75,063,940

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 3,753,197

Confidence Interval Values(5)

Local Test Value: 77,953,181 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 71,310,743 (State Test Value minus Margin of Error Percent)
State Upper Limit: 78,817,137 (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