taxes Property Tax Assistance

2024 Confidence Interval Detail

Colorado County
045-903/Rice 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 54,437,529 0.9564 56,919,206 12 840 0.081685674
A 3 72,193,920 1.0283 70,207,060 13 565 0.029458473
A 4 80,918,400 0.9452 85,609,818 12 383 0.023244800
A 5 83,963,970 1.0319 81,368,321 12 219 0.026337669
E 0 285,106,645 1.0283 277,260,182 20 2,228 0.021477938
F1 2 16,582,643 0.8347 19,866,590 10 154 0.072929590
F1 3 21,196,913 0.9603 22,073,220 9 55 0.015329665
F1 4 19,423,839 1.0255 18,940,847 6 15 0.000710606
F1 5 18,169,800 0.9982 18,202,565 2 3 0.000095620
Random Totals: 651,993,659 650,447,809 96 4,462
CATG D1 EXCEPTION VALUES: 87,502,961 89,880,951
CATG J EXCEPTION VALUES: 57,827,803 60,730,273
Total Test Values 797,324,423 801,059,033

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 40,052,952

Confidence Interval Values(5)

Local Test Value: 797,324,423 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 761,006,081 (State Test Value minus Margin of Error Percent)
State Upper Limit: 841,111,985 (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