taxes Property Tax Assistance

2024 Confidence Interval Detail

Franklin County
080-901/Mount Vernon 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 2 303,071,854 1.0266 295,219,028 50 1,373 0.012524502
A 3 265,122,184 0.9876 268,450,976 19 489 0.008960110
A 4 327,585,966 0.9785 334,783,818 19 377 0.013393234
A 5 598,201,464 0.9258 646,145,457 15 398 0.017516341
E 0 370,718,511 1.1008 336,771,903 22 2,120 0.026603265
Random Totals: 1,864,699,979 1,881,371,182 125 4,757
CATG D1 EXCEPTION VALUES: 15,398,355 14,926,115
Total Test Values 1,880,098,334 1,896,297,297

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 94,814,865

Confidence Interval Values(5)

Local Test Value: 1,880,098,334 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 1,801,482,432 (State Test Value minus Margin of Error Percent)
State Upper Limit: 1,991,112,162 (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