taxes Property Tax Assistance

2024 Confidence Interval Detail

Parmer County
185-902/Farwell 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 13,318,227 0.8258 16,127,667 13 173 0.046135523
A 3 12,465,956 0.9818 12,697,042 12 100 0.020111408
A 4 16,606,425 0.9880 16,808,122 13 99 0.007536505
A 5 16,474,445 1.1462 14,373,098 12 61 0.011919507
E 0 57,344,885 1.0509 54,567,404 25 394 0.021112254
Random Totals: 116,209,938 114,573,333 75 827
CATG D1 EXCEPTION VALUES: 24,241,520 24,579,524
CATG J EXCEPTION VALUES: 5,089,110 5,377,313
Total Test Values 145,540,568 144,530,170

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 7,226,509

Confidence Interval Values(5)

Local Test Value: 145,540,568 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 137,303,661 (State Test Value minus Margin of Error Percent)
State Upper Limit: 151,756,679 (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