taxes Property Tax

School and Appraisal Districts Property Value Study 2013 Report

2013 Confidence Interval Detail
072/Erath
097-903/Hico ISD

Category Summary

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

Stratum
Variance
A 996,040 0.9666 1,030,457 7 25 .002537147
A 861,640 0.9226 933,926 6 14 .004609987
A 959,300 1.0043 955,193 5 11 .010016265
E 35,045,940 0.9908 35,371,356 20 366 .030945967
Random Totals: 37,862,920   38,290,932 38 416  
Catg D1 Exception Values: 4,103,510   3,455,856      
Catg A Exception Values: 643,290   700,090      
Total Test Values (4): 42,609,720   42,446,878      

Margin of Error

Margin of Error Percent: 6.4727823
Margin of Error Value: 2,747,494

Confidence Interval Values (5)

State Lower Limit: 39,699,384 (State Test Value minus Margin of Error Percent)
Local Test Value: 42,609,720 (Within Confidence Interval)
State Upper Limit: 45,194,372 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 44,621,290 (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