taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 Confidence Interval Detail
037/Cherokee
037-909/Wells ISD

Category Summary

(1)
Category
(1)
Local
Value
(1)
Stratum
Ratio
(1)
State
Value
(2)
Sample
Size
(3)
Total
Parcels

Stratum
Variance
A 2,944,850 0.9503 3,098,864 11 145 .010465030
A 2,774,220 0.9669 2,869,190 10 72 .005620618
A 2,978,540 1.0185 2,924,438 10 50 .011581168
A 2,940,270 0.9878 2,976,584 10 30 .017452963
E 17,323,280 0.9896 17,505,335 15 449 .017420836
G1 3,485,403 1.0037 3,472,555 13 38 .016204760
G1 3,435,783 0.9977 3,443,704 6 16 .011045366
G1 3,361,230 1.0319 3,257,321 4 8 .057071196
G1 3,077,840 1.0102 3,046,763 3 5 .050156602
Random Totals: 42,321,416   42,594,754 82 813  
Catg J Exception Values: 338,256   307,248      
Catg D1 Exception Values: 5,894,670   5,739,470      
Total Test Values (4): 48,554,342   48,641,472      

Margin of Error

Margin of Error Percent: 5.0000008
Margin of Error Value: 2,432,074

Confidence Interval Values (5)

State Lower Limit: 46,209,398 (State Test Value minus Margin of Error Percent)
Local Test Value: 48,554,342 (Within Confidence Interval)
State Upper Limit: 51,073,546 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 54,813,192 (See ISD Summary Worksheet)

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, D3, F1, G1, G2, or L1 marked as exception properties
(5) Unstudied categories and sub-categories were not included in the Confidence Interval Values
(6) Includes local value of unstudied property categories and sub-categories