taxes Property Tax Assistance

2024 Confidence Interval Detail

Houston County
113-903/Lovelady 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 11,608,740 0.9643 12,038,515 11 148 0.077643722
A 3 13,802,470 1.0786 12,796,653 11 103 0.041304689
A 4 13,386,650 1.0319 12,972,817 10 71 0.044147086
A 5 22,283,400 1.0782 20,667,223 9 76 0.025137516
E 0 172,238,690 0.9765 176,383,707 24 1,361 0.053954959
G1 2 46,784,411 1.0110 46,275,382 8 38 0.001623236
Random Totals: 280,104,361 281,134,297 73 1,797
CATG D1 EXCEPTION VALUES: 25,693,850 24,589,611
CATG J EXCEPTION VALUES: 18,460,349 19,267,998
Total Test Values 324,258,560 324,991,906

Margin of Error

Margin of Error Percent: 5.2174290
Margin of Error Value: 16,956,222

Confidence Interval Values(5)

Local Test Value: 324,258,560 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 308,035,684 (State Test Value minus Margin of Error Percent)
State Upper Limit: 341,948,128 (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