taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 Confidence Interval Detail
161/McLennan
018-904/Valley Mills ISD

Category Summary

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

Stratum
Variance
A 4,823,840 1.0152 4,751,615 9 46 .001605088
A 5,417,556 0.9678 5,597,805 8 37 .008575373
A 5,066,300 0.9827 5,155,490 7 28 .001449341
A 5,844,000 0.9658 6,050,942 8 23 .002376393
E 24,559,558 0.9970 24,633,458 14 206 .019515603
Random Totals: 45,711,254   46,189,310 46 340  
Catg J Exception Values: 4,181,952   4,113,710      
Catg D1 Exception Values: 1,638,790   1,339,174      
Total Test Values (4): 51,531,996   51,642,194      

Margin of Error

Margin of Error Percent: 5.0000000
Margin of Error Value: 2,582,109

Confidence Interval Values (5)

State Lower Limit: 49,060,085 (State Test Value minus Margin of Error Percent)
Local Test Value: 51,531,996 (Within Confidence Interval)
State Upper Limit: 54,224,303 (State Test Value plus Margin of Error Percent)
Value Assigned (6): 49,106,577 (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