taxes Property Tax Assistance

2024 Confidence Interval Detail

Knox County
138-903/Munday CISD

Category Summary

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

Stratum
Variance
A 2 4,165,580 0.6609 6,302,890 12 151 0.145898155
A 3 5,776,800 0.6711 8,607,957 12 134 0.085647509
A 4 6,358,890 0.7478 8,503,463 12 94 0.110389491
A 5 22,288,360 0.8402 26,527,446 12 146 0.079206540
E 0 23,129,090 0.8268 27,974,226 20 282 0.483895927
L1 2 8,097,745 0.9496 8,527,533 12 36 0.024347208
Random Totals: 69,816,465 86,443,515 80 843
CATG D1 EXCEPTION VALUES: 17,034,095 16,833,786
CATG J EXCEPTION VALUES: 17,787,390 18,747,185
Total Test Values 104,637,950 122,024,486

Margin of Error

Margin of Error Percent: 7.8985683
Margin of Error Value: 9,638,187

Confidence Interval Values(5)

Local Test Value: 104,637,950 OUTSIDE CONFIDENCE INTERVAL
State Lower Limit: 112,386,299 (State Test Value minus Margin of Error Percent)
State Upper Limit: 131,662,673 (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