taxes Property Tax Assistance

2024 Confidence Interval Detail

Lamb County
140-905/Olton 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 11,844,516 0.7918 14,958,974 12 284 0.088473276
A 3 11,615,980 0.9294 12,498,365 12 137 0.044324744
A 4 13,593,150 0.8769 15,501,368 12 100 0.075986038
A 5 14,461,890 0.9084 15,920,178 12 59 0.019481497
E 0 26,291,970 0.6720 39,124,955 20 337 0.172993142
L1 2 8,710,020 0.9846 8,846,252 8 30 0.000762006
Random Totals: 86,517,526 106,850,092 76 947
CATG D1 EXCEPTION VALUES: 23,810,614 12,152,517
CATG J EXCEPTION VALUES: 11,676,330 12,303,176
Total Test Values 122,004,470 131,305,785

Margin of Error

Margin of Error Percent: 6.1063305
Margin of Error Value: 8,017,965

Confidence Interval Values(5)

Local Test Value: 122,004,470 OUTSIDE CONFIDENCE INTERVAL
State Lower Limit: 123,287,820 (State Test Value minus Margin of Error Percent)
State Upper Limit: 139,323,750 (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