taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 Confidence Interval Detail
093/Grimes
093-903/Iola ISD

Category Summary

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

Stratum
Variance
A 8,731,150 0.9346 9,342,125 9 155 .030866326
A 8,594,670 0.9009 9,540,093 9 67 .004408827
A 11,739,170 0.9450 12,422,402 7 38 .005363607
A 9,425,300 1.0397 9,065,403 6 18 .004173199
E 79,881,414 0.9613 83,097,279 15 974 .025216729
G1 35,915,223 1.0332 34,761,153 9 20 .024190461
G1 32,770,413 0.9849 33,272,833 4 8 .018572500
G1 34,444,937 0.9979 34,517,424 3 5 .001285592
G1 28,588,819 0.9990 28,617,436 2 3 .019168551
Random Totals: 250,091,096   254,636,148 64 1,288  
Catg J Exception Values: 10,484,817   10,826,522      
Catg D1 Exception Values: 4,522,990   4,776,772      
Total Test Values (4): 265,098,903   270,239,442      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 13,511,972

Confidence Interval Values (5)

State Lower Limit: 256,727,470 (State Test Value minus Margin of Error Percent)
Local Test Value: 265,098,903 (Within Confidence Interval)
State Upper Limit: 283,751,414 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 299,628,329 (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