taxes Property Tax Assistance

2024 Confidence Interval Detail

Collin County
043-919/Lovejoy 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 2 986,892,562 0.9930 993,849,509 45 1,458 0.009589944
A 3 1,291,048,416 0.9845 1,311,374,724 52 1,368 0.008948548
A 4 1,374,093,288 0.9795 1,402,851,749 31 1,065 0.006965901
A 5 1,544,494,878 0.9523 1,621,857,480 34 777 0.008538624
Random Totals: 5,196,529,144 5,329,933,462 162 4,668
CATG D1 EXCEPTION VALUES: 135,986 91,229
Total Test Values 5,196,665,130 5,330,024,691

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 266,501,235

Confidence Interval Values(5)

Local Test Value: 5,196,665,130 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 5,063,523,456 (State Test Value minus Margin of Error Percent)
State Upper Limit: 5,596,525,926 (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