taxes Property Tax Assistance

2024 Confidence Interval Detail

Grimes County
093-905/Richards 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 7,274,560 0.8148 8,928,031 10 60 0.029187007
A 3 6,754,110 1.1083 6,094,117 8 22 0.009153259
A 4 5,714,540 0.9352 6,110,500 7 12 0.014860051
A 5 8,888,360 0.9399 9,456,708 6 14 0.023823873
E 0 69,066,097 0.9688 71,290,356 21 261 0.059497428
G1 0 5,260,208 1.0088 5,214,322 8 35 0.006214824
Random Totals: 102,957,875 107,094,034 60 404
CATG D1 EXCEPTION VALUES: 2,326,003 2,106,291
CATG J EXCEPTION VALUES: 7,125,066 8,181,093
Total Test Values 112,408,944 117,381,418

Margin of Error

Margin of Error Percent: 6.3253067
Margin of Error Value: 7,424,735

Confidence Interval Values(5)

Local Test Value: 112,408,944 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 109,956,683 (State Test Value minus Margin of Error Percent)
State Upper Limit: 124,806,153 (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