taxes Property Tax Assistance

2024 Confidence Interval Detail

Newton County
176-902/Newton 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 32,356,415 0.8348 38,759,481 12 782 0.060429941
A 3 31,585,061 0.8756 36,072,477 14 350 0.036064976
A 4 32,608,527 0.8989 36,276,034 14 244 0.011533337
A 5 33,958,645 0.9149 37,117,330 13 140 0.018271791
E 0 187,487,262 1.0133 185,026,411 21 2,131 0.076511745
G1 2 33,273,170 0.9957 33,416,863 8 34 0.000005247
Random Totals: 351,269,080 366,668,596 82 3,681
CATG D1 EXCEPTION VALUES: 54,624,416 53,786,372
CATG G1 EXCEPTION VALUES: 33,944,240 33,974,012
CATG J EXCEPTION VALUES: 19,081,280 21,977,066
Total Test Values 458,919,016 476,406,046

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 23,820,302

Confidence Interval Values(5)

Local Test Value: 458,919,016 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 452,585,744 (State Test Value minus Margin of Error Percent)
State Upper Limit: 500,226,348 (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