taxes Property Tax Assistance

2024 Confidence Interval Detail

Grimes County
154-901/Madisonville 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 13,760,000 0.8155 16,873,084 12 155 0.044842456
A 3 18,594,910 0.8499 21,878,939 13 139 0.008510353
A 4 24,495,610 0.8230 29,763,803 13 145 0.017014404
A 5 27,151,410 0.9380 28,946,066 12 99 0.026459487
E 0 112,236,302 0.9356 119,961,845 21 500 0.028728454
Random Totals: 196,238,232 217,423,737 71 1,038
CATG D1 EXCEPTION VALUES: 3,522,862 3,079,285
CATG J EXCEPTION VALUES: 24,192,744 23,964,910
Total Test Values 223,953,838 244,467,932

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 12,223,397

Confidence Interval Values(5)

Local Test Value: 223,953,838 OUTSIDE CONFIDENCE INTERVAL
State Lower Limit: 232,244,535 (State Test Value minus Margin of Error Percent)
State Upper Limit: 256,691,329 (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