taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 Confidence Interval Detail
093/Grimes
093-905/Richards ISD

Category Summary

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

Stratum
Variance
A 2,265,550 0.8124 2,788,712 9 53 .019045921
A 2,696,230 0.8947 3,013,558 7 26 .004776071
A 2,940,610 0.8859 3,319,348 6 15 .005458540
A 3,110,480 0.9691 3,209,658 3 6 .006925011
E 20,832,889 0.9358 22,262,117 18 216 .028242712
G1 25,917,697 1.0144 25,549,780 21 40 .040300031
Random Totals: 57,763,456   60,143,173 64 356  
Catg J Exception Values: 5,465,986   5,469,159      
Catg D1 Exception Values: 2,025,471   2,082,302      
Total Test Values (4): 65,254,913   67,694,634      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 3,384,731

Confidence Interval Values (5)

State Lower Limit: 64,309,903 (State Test Value minus Margin of Error Percent)
Local Test Value: 65,254,913 (Within Confidence Interval)
State Upper Limit: 71,079,365 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 71,834,511 (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