taxes Property Tax Assistance

2024 Confidence Interval Detail

Runnels County
200-906/Olfen 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
E 0 5,825,450 0.8831 6,596,592 21 57 0.098340082
Random Totals: 5,825,450 6,596,592 21 57
CATG D1 EXCEPTION VALUES: 3,156,250 2,273,195
CATG J EXCEPTION VALUES: 1,618,830 1,558,267
Total Test Values 10,600,530 10,428,054

Margin of Error

Margin of Error Percent: 7.1728521
Margin of Error Value: 747,989

Confidence Interval Values(5)

Local Test Value: 10,600,530 WITHIN CONFIDENCE INTERVAL
State Lower Limit: 9,680,065 (State Test Value minus Margin of Error Percent)
State Upper Limit: 11,176,043 (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