taxes Property Tax Assistance

2024 Confidence Interval Detail

Menard County
164-901/Menard ISD

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 10,520,700 0.7965 13,208,663 13 257 0.092819942
A 3 11,393,560 0.9352 12,183,020 12 161 0.029181400
A 4 12,436,190 0.9760 12,741,998 12 114 0.013095188
A 5 15,350,380 1.0352 14,828,420 10 75 0.016276259
E 0 87,389,790 0.8174 106,911,904 19 1,253 0.025452854
Random Totals: 137,090,620 159,874,005 66 1,860
CATG D1 EXCEPTION VALUES: 30,632,806 28,979,620
CATG J EXCEPTION VALUES: 14,713,330 15,507,247
Total Test Values 182,436,756 204,360,872

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 10,218,044

Confidence Interval Values(5)

Local Test Value: 182,436,756 OUTSIDE CONFIDENCE INTERVAL
State Lower Limit: 194,142,828 (State Test Value minus Margin of Error Percent)
State Upper Limit: 214,578,916 (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