taxes Property Tax Assistance

2024 Confidence Interval Detail

Palo Pinto County
111-902/Lipan 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 0 12,715,820 1.0760 11,817,677 14 45 0.010599404
E 0 55,059,060 1.0359 53,150,941 20 182 0.015827798
Random Totals: 67,774,880 64,968,618 34 227
CATG D1 EXCEPTION VALUES: 734,960 793,896
Total Test Values 68,509,840 65,762,514

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 3,288,126

Confidence Interval Values(5)

Local Test Value: 68,509,840 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 62,474,388 (State Test Value minus Margin of Error Percent)
State Upper Limit: 69,050,640 (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