taxes Property Tax Assistance

2024 Confidence Interval Detail

Hood County
111-901/Granbury 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 2,116,756,429 0.9611 2,202,430,995 100 8,527 0.012533675
A 3 2,020,573,025 1.0101 2,000,369,295 100 5,018 0.007299551
A 4 1,998,406,469 0.9906 2,017,369,745 100 3,441 0.007338330
A 5 2,121,385,003 0.9637 2,201,291,899 53 2,057 0.016332994
C1 2 92,132,490 0.9470 97,288,796 72 5,377 0.061908247
C1 3 93,863,150 0.9812 95,661,588 19 1,821 0.012809222
C1 4 117,781,378 0.9416 125,086,425 44 730 0.026561911
C1 5 90,847,600 0.9975 91,075,288 13 178 0.004247625
E 0 1,158,992,521 0.9737 1,190,297,341 38 3,033 0.010090157
F1 2 242,294,580 0.6516 371,845,580 10 529 0.246302438
F1 3 267,045,440 0.7910 337,604,855 10 193 0.215498882
F1 4 238,977,070 0.8444 283,014,057 9 60 0.085108550
F1 5 133,229,990 0.9481 140,523,141 7 11 0.015552713
Random Totals: 10,692,285,145 11,153,859,005 575 30,975
CATG D1 EXCEPTION VALUES: 9,231,710 9,213,871
CATG J EXCEPTION VALUES: 5,634,542 5,919,984
Total Test Values 10,707,151,397 11,168,992,860

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 558,449,643

Confidence Interval Values(5)

Local Test Value: 10,707,151,397 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 10,610,543,217 (State Test Value minus Margin of Error Percent)
State Upper Limit: 11,727,442,503 (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