taxes Property Tax Assistance

2024 Confidence Interval Detail

Hill County
109-914/Penelope 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 2,565,980 0.7523 3,410,847 12 51 0.084978440
A 3 2,673,130 0.9116 2,932,350 12 30 0.019163854
A 4 3,997,260 0.9276 4,309,250 12 29 0.022968176
A 5 5,065,520 0.8915 5,682,019 10 19 0.017522427
E 0 46,101,300 0.9355 49,279,850 20 296 0.038516929
Random Totals: 60,403,190 65,614,316 66 425
CATG D1 EXCEPTION VALUES: 5,098,380 3,842,370
CATG J EXCEPTION VALUES: 71,725 73,818
Total Test Values 65,573,295 69,530,504

Margin of Error

Margin of Error Percent: 6.0877130
Margin of Error Value: 4,232,818

Confidence Interval Values(5)

Local Test Value: 65,573,295 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 65,297,686 (State Test Value minus Margin of Error Percent)
State Upper Limit: 73,763,322 (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