taxes Property Tax Assistance

2024 Confidence Interval Detail

Runnels County
200-902/Miles 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 9,088,500 0.8405 10,813,206 13 134 0.038680137
A 3 10,132,240 0.9763 10,378,203 12 84 0.036696718
A 4 9,222,230 0.9257 9,962,439 11 48 0.020094311
A 5 12,896,290 1.0418 12,378,854 11 42 0.019925236
E 0 23,741,660 0.8692 27,314,381 17 224 0.106281073
Random Totals: 65,080,920 70,847,083 64 532
CATG D1 EXCEPTION VALUES: 11,272,510 8,156,816
CATG J EXCEPTION VALUES: 7,111,360 7,368,175
Total Test Values 83,464,790 86,372,074

Margin of Error

Margin of Error Percent: 5.3064402
Margin of Error Value: 4,583,282

Confidence Interval Values(5)

Local Test Value: 83,464,790 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 81,788,792 (State Test Value minus Margin of Error Percent)
State Upper Limit: 90,955,356 (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