taxes Property Tax Assistance

2024 Confidence Interval Detail

Lamb County
140-907/Springlake-Earth 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 6,473,141 0.5741 11,275,285 12 185 0.053714688
A 3 6,578,360 0.6839 9,618,892 13 85 0.028575516
A 4 7,242,800 0.8905 8,133,408 13 55 0.077281293
A 5 7,428,570 1.0177 7,299,371 13 31 0.080792196
E 0 13,669,962 0.8634 15,832,710 20 181 0.137909967
Random Totals: 41,392,833 52,159,666 71 537
CATG D1 EXCEPTION VALUES: 12,314,981 6,203,581
CATG J EXCEPTION VALUES: 7,547,530 8,054,624
Total Test Values 61,255,344 66,417,871

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 3,320,894

Confidence Interval Values(5)

Local Test Value: 61,255,344 OUTSIDE CONFIDENCE INTERVAL
State Lower Limit: 63,096,977 (State Test Value minus Margin of Error Percent)
State Upper Limit: 69,738,765 (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