taxes Property Tax Assistance

2024 Confidence Interval Detail

Ellis County
070-911/Red Oak 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 1,346,947,702 0.9840 1,368,849,291 71 4,588 0.006164751
A 3 1,008,209,467 1.0083 999,910,212 71 2,766 0.003361979
A 4 778,504,931 1.0178 764,889,891 65 1,803 0.005294611
A 5 860,451,570 1.0051 856,085,534 50 1,428 0.003942296
F1 2 113,690,935 0.9690 117,328,106 12 131 0.041394312
F1 3 160,871,873 0.9574 168,029,949 11 59 0.111780276
F1 4 168,240,089 0.7133 235,861,614 5 8 0.088042860
Random Totals: 4,436,916,567 4,510,954,597 285 10,783
CATG D1 EXCEPTION VALUES: 1,386,263 595,550
CATG F1 EXCEPTION VALUES: 73,757,927 65,059,016
Total Test Values 4,512,060,757 4,576,609,163

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 228,830,458

Confidence Interval Values(5)

Local Test Value: 4,512,060,757 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 4,347,778,705 (State Test Value minus Margin of Error Percent)
State Upper Limit: 4,805,439,621 (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