taxes Property Tax Assistance

2024 Confidence Interval Detail

Colorado County
045-905/Weimar 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 41,823,701 1.0614 39,404,278 12 385 0.014733638
A 3 52,617,770 1.0187 51,651,880 12 292 0.016375879
A 4 62,631,760 0.9764 64,145,596 12 240 0.082613954
A 5 59,411,400 1.0208 58,200,823 12 139 0.004892561
E 0 303,681,982 1.0496 289,331,157 21 1,908 0.018436959
F1 2 11,540,500 0.9119 12,655,445 9 88 0.032077316
F1 3 18,472,373 0.9830 18,791,834 8 41 0.009268357
F1 4 9,627,069 0.8828 10,905,153 5 7 0.045860462
F1 5 14,777,180 0.9680 15,265,682 3 5 0.000959903
Random Totals: 574,583,735 560,351,848 94 3,105
CATG D1 EXCEPTION VALUES: 12,946,950 13,456,386
Total Test Values 587,530,685 573,808,234

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 28,690,412

Confidence Interval Values(5)

Local Test Value: 587,530,685 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 545,117,822 (State Test Value minus Margin of Error Percent)
State Upper Limit: 602,498,646 (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